22-24 Fountain Avenue Somerville — Photo 1 of 36
Recent Drop: $201,000
$1,599,000
Investment Analysis — 22-24 Fountain Avenue
Somerville, MA 02145
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02145 carries an estimated $7,370/mo in gross rent — about a 3.43% cap rate and $54,809/yr in estimated NOI at the $1,599,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
7
SqFt
3,807
Style
Multi Family
Built
2021
Rare development opportunity in prime East Somerville! This expansive 2-family home offers 3,807 total finished sq. ft. across 3 levels (including finished lower levels) featuring a total of 5 bedrooms, 6 full bathrooms, and 2 half bathrooms. Unit 1 is a multi-level layout delivering 2 bedrooms, 3.5 baths, an office/den, and living/dining areas. Unit 2 offers a 3-bedroom, 3.5-bath townhome layout with flex space. Convenient off-street tandem parking for 2 cars. Situated in a highly accessible East Somerville location close to the Green Line Extension, Assembly Row, Route 28/I-93, and downtown Boston. Ideal project for an experienced developer or builder looking to complete a luxury multi-family or condominium conversion.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
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Interior Specifications
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Property History
$1,599,000
Was $1,800,000
Sep 1, 2026
MLS® 73560985
$1,800,000
Aug 8, 2026
MLS® 73560985
Listing Agent: Thomas Mario
Listing Office: Century 21 Mario Real Estate
MLS® Number: 73560985