29 Elmwood Street Somerville — Photo 1 of 42
$1,699,900
Investment Analysis — 29 Elmwood Street
Somerville, MA 02144 — Davis Square
Based on rent reported on the MLS listing, a 2-unit multi-family in 02144 carries $7,200/mo in gross rent — about a 2.86% cap rate and $48,581/yr in estimated NOI at the $1,699,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3
SqFt
2,790
Style
Multi Family
Built
1900
**EXCEPTIONAL DAVIS SQUARE 2 FAMILY – TRULY SPECIAL HOME, FABULOUS LIFESTYLE & LOCATION !** Rare opportunity to own a Beautifully updated Two Family on one of the most desirable quiet, tree lined streets in the heart of vibrant Davis Square. Proudly owned & lovingly maintained by the same family for over 40 years & Fully Renovated to the studs 10 years ago, this exceptional property combines outstanding quality, flexible living spaces & an incredible WALK-TO-EVERYTHING lifestyle. Enjoy morning coffee at your favorite café, dinner at exciting neighborhood restaurants, live entertainment, shopping, nightlife, parks & the Somerville Community Path—all just moments from home. The Red Line T provides convenient direct access to Harvard, MIT, Cambridge & Boston. BOTH units offer CENTRAL AC, HIGH-EFFICIENCY GAS HEAT & in-unit laundry. Beautiful exterior improvements include High end cedar impression vinyl siding, newer windows, roof & low maintenance Trex decking. The stunning 1st floor home boasts a SHOW STOPPING MASTER SUITE with soaring vaulted ceilings, skylights, loft, walk-in closet & private deck, Sun filled open concept living & dining areas and a GORGEOUS DESIGNER CHEF'S KITCHEN. The impressive 2 Level upper Townhouse offers a beautiful private Top floor PRIMARY SUITE with stunning bath & spacious home office/dressing room, plus open concept living & dining areas, gorgeous kitchen & private deck. HUGE WALK-OUT BASEMENT provides exceptional storage and exciting future expansion/ADU possibilities. LARGE DRIVEWAY with 3 CAR TANDEM PARKING plus fenced yard. An outstanding opportunity for an OWNER OCCUPANT to enjoy an exceptional home & Davis Square lifestyle while benefiting from substantial rental income, or an investor seeking a premier property in one of Somerville's most desirable neighborhoods. **LOCATION, LIFESTYLE & HIGH QUALITY—THIS HOME HAS IT ALL ! DO NOT MISS OUT ON THIS DAVIS SQUARE GEM **
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
Disposal • Microwave • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Dishwasher • ENERGY STAR Qualified Washer • Cooktop • Range • Rangetop - ENERGY STAR • Oven
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Listing Agent: Andy Mass
Listing Office: Mass Realty Properties
MLS® Number: 73560705