23 Putnam Road Somerville — Photo 1 of 21
$1,250,000
Investment Analysis — 23 Putnam Road
Somerville, MA 02145 — Ten Hills
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 02145 carries an estimated $4,440/mo in gross rent — about a 2.47% cap rate and $30,926/yr in estimated NOI at the $1,250,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
2
SqFt
2,880
Style
Single Family
Built
1920
LOCATION! LOCATION! LOCATION! Oversized home located in fabulous Ten Hills, easily Somerville's best kept secret as one of the city's most private & serene neighborhoods. Just steps to Assembly Row, the Orange Line, walking trails, boat house & much more! This beautiful home offers 4 Bedrooms, 2 full Baths & PANORAMIC SKYLINE VIEWS from the 3rd level, which awaits your finishing touches and may very well be begging to become the Master Suite of your dreams- A truly breathtaking sight, particularly at night. The open floor plan of the generously sized first level offers a fireplaced living room, beautiful kitchen/dining area w/double French Doors opening to a large deck and private backyard- The perfect setup for entertaining and hosting family gatherings. The 2nd level boasts 4 bedrooms including an incredible master BR w/cathedral ceilings, skylight, amazing views & a private balcony. At nearly 3000 sq.ft., this is one of Somerville's largest single family homes.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,880 sq ft principal dwelling). Lot size: 4,050 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
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
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Public Transportation • Shopping • Pool • Park • Walk/Jog Trails • Medical Facility
Geography
Listing Agent: Michelle Joslinchaves
Listing Office: Leading Edge Real Estate
MLS® Number: 73582550