29 Elmwood Street Somerville — Photo 1 of 42
$1,699,900
Investment Analysis — 29 Elmwood Street
Somerville, MA 02144 — Davis Square
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02144 carries an estimated $4,360/mo in gross rent — about a 1.33% cap rate and $22,680/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
Single Family
Built
1900
**TRULY SPECIAL DAVIS SQUARE HOME – AN EXCEPTIONAL OPPORTUNITY TO CREATE THE ULTIMATE SINGLE FAMILY LIFESTYLE !** Ideally located on one of the most desirable quiet, tree-lined streets in the HEART OF VIBRANT DAVIS SQUARE, this beautifully updated home offers exceptional space, quality, versatility & an unbeatable WALK-TO-EVERYTHING lifestyle. Currently a **LEGAL TWO FAMILY**, the property offers an exciting opportunity to be converted to a Beautiful Single Family residence, creating a truly remarkable home in one of Somerville’s most sought after neighborhoods. Proudly owned & lovingly maintained by the same family for over 40 years and Fully Renovated to the studs 10 years ago, this exceptional property features CENTRAL AC, HIGH-EFFICIENCY GAS HEAT, beautiful cedar-impression vinyl siding, newer windows, roof, Trex decking & numerous quality updates throughout. Imagine an incredible Single Family layout with multiple living & entertaining spaces, TWO BEAUTIFUL PRIMARY SUITES, gorgeous kitchens, home office/dressing room, multiple private decks & tremendous flexibility for family, guests and work-from-home living. The stunning 1st-floor Primary Suite features soaring vaulted ceilings, skylights, loft & private deck, while the dramatic upper-level Primary Suite offers a beautiful bath & spacious adjoining office/dressing room. Sun-filled open-concept living & dining areas create wonderful spaces for everyday living and entertaining. HUGE WALK-OUT BASEMENT provides outstanding storage plus exciting possibilities for additional finished living space or future ADU expansion possibiltiies. Enjoy your fenced yard and the rare convenience of a LARGE DRIVEWAY with 3-CAR TANDEM PARKING. And then there is the LOCATION! Step outside and enjoy everything that makes Davis Square one of Greater Boston’s most exciting places to live—fantastic restaurants, cafés, shops, entertainment, nightlife, parks & the Somerville Community Path are all just a short walk from home. The Red Line T provides convenient access to Harvard, MIT, Cambridge & Boston. **A RARE OPPORTUNITY TO CREATE AN EXTRAORDINARY SINGLE FAMILY HOME WHILE ENJOYING THE VERY BEST OF THE DAVIS SQUARE LIFESTYLE. LOCATION, QUALITY, SPACE & LIFESTYLE—THIS HOME HAS IT ALL ! DO NOT MISS OUT ON THIS DAVIS SQUARE GEM**
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 2,790 sq ft principal dwelling). Lot size: 3,750 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
Neighborhood
Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstFlooring - Hardwood, Open Floorplan, Recessed Lighting
Dining Room
Lvl FirstFlooring - Hardwood, Open Floorplan, Recessed Lighting
Kitchen
Lvl FirstFlooring - Hardwood, Countertops - Stone/Granite/Solid, Open Floorplan, Recessed Lighting, Lighting - Pendant
Office
Lvl FirstFlooring - Hardwood, Recessed Lighting
Family Room
Lvl SecondFlooring - Hardwood, Open Floorplan, Recessed Lighting
Master Bedroom
Lvl FirstBathroom - Full, Vaulted Ceiling(s), Closet, Flooring - Hardwood, Deck - Exterior, Exterior Access, Recessed Lighting
Bedroom 2
Lvl SecondBedroom 3
Lvl ThirdBathroom - Full, Skylight, Vaulted Ceiling(s), Flooring - Hardwood, Dressing Room, Recessed Lighting
Bathroom 1
Lvl FirstBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Bathroom 3
Lvl ThirdBathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Listing Agent: Andy Mass
Listing Office: Mass Realty Properties
MLS® Number: 73561012