
61 Preston Rd Somerville — Photo 1 of 35
Recent Drop: $49,900
$1,550,000
Investment Analysis — 61 Preston Rd
Somerville, MA 02143
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 02143 carries an estimated $4,590/mo in gross rent — about a 2.07% cap rate and $32,042/yr in estimated NOI at the $1,550,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
2.5
SqFt
2,857
Style
Single Family
Built
1900
**One-year lease ($150/month) of a reserved off-street parking spot nearby is transferable to the next owner.** A home like this doesn't come around often. From the moment you step inside the dramatic foyer, you'll know you're somewhere special. This expansive three-level Colonial Revival abounds with preserved original details -- pocket doors, wide plank floors, intricate millwork, and stained glass -- mixed with just the right amount of modern updates that allows for comfortable living. The main level serves as the perfect setting for holiday hosting and day-to-day life. A large foyer with gas fireplace doubles as a formal sitting room, and the sun-filled living room flows seamlessly into a stunning formal dining room for cozy family dinners. The kitchen is spacious and updated to modern standards while showcasing the ornate stained glass window and leaded glass doors that lead to a large pantry with a beverage cooler and convenient pass-through window to the dining room. Upstairs on the second floor you'll find three bedrooms and two full bathrooms, including a fabulous primary suite with a large walk-in closet/dressing room and spa-like bathroom with soaking tub. The top floor provides two more bedrooms and bonus attic space for potential future expansion. For even more space, head down to the basement to find tall ceilings and a great option for an exercise room or playroom, plus tons of room for storage. Nestled on a quiet, low-traffic side street, parking is a breeze. Numerous parks and playgrounds are a short stroll away, including neighborhood favorites Osgood Playground and Nunziato Field & Dog Park. Ideally located for walkability and easy public transit or bike commutes: a 1/2 mile from Gilman Square T stop and vibrant Union Square, and around a mile from Harvard campus and Porter Square T stop. This one-of-a-kind home is not to be missed!
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 2,857 sq ft principal dwelling). Lot size: 1,900 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.
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Financials
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Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer • Wine Refrigerator
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood, Lighting - Overhead, Pocket Door
Dining Room
Lvl FirstFlooring - Hardwood, Lighting - Pendant, Decorative Molding, Pocket Door
Kitchen
Lvl FirstFlooring - Wood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Stainless Steel Appliances, Wine Chiller, Gas Stove, Peninsula, Lighting - Pendant
Primary Bedroom
Lvl SecondBathroom - Full, Walk-In Closet(s), Flooring - Wood, Dressing Room, Lighting - Overhead
Bedroom 2
Lvl SecondBedroom 3
Lvl SecondCloset, Flooring - Wood
Bedroom 4
Lvl ThirdCloset, Flooring - Wood
Bedroom 5
Lvl ThirdFlooring - Wood
Bathroom 1
Lvl SecondBathroom - Full, Bathroom - Tiled With Shower Stall, Bathroom - With Tub, Soaking Tub
Bathroom 2
Lvl SecondBathroom - Full, Bathroom - Tiled With Tub & Shower
Bathroom 3
Lvl FirstBathroom - Half
Property History
$1,550,000
Was $1,599,900
Sep 9, 2026
MLS® 73556366
$1,599,900
Jul 29, 2026
MLS® 73556366
Listing Agent: Fayth Cregg
Listing Office: Leading Edge Real Estate
MLS® Number: 73556366