638 Mystic Ave Somerville — Photo 1 of 10
$399,995
Investment Analysis — 638 Mystic Ave
Somerville, MA 02145
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02145 carries an estimated $3,350/mo in gross rent — about a 6.00% cap rate and $23,999/yr in estimated NOI at the $399,995 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
1
SqFt
1,327
Style
Single Family
Built
1910
**RARE SOMERVILLE SINGLE-FAMILY — 2 BEDROOMS / 1 BATH — RENOVATION OPPORTUNITY**Welcome to 638 Mystic Ave, a rare opportunity to own a single-family home in Somerville. This approximately 1,300+ sq. ft. home offers 2 bedrooms, 1 full bath, and a basement, with excellent potential for an owner-occupant, investor, or buyer looking to renovate and create a home of their own.The property is being offered **as-is** and will require updating, including a new kitchen, Need to Update bathroom, and flooring. Overall GREAT house with Solid Gas Heating / HotWater and Electric Systems . The basement provides additional storage space, Laundry and utility area.Street parking is available by permit.Located in Somerville with convenient access to Medford, Boston, Route 93, public transportation, shopping, restaurants, and area amenities.**Property highlights:**• Single-family home• 2 bedrooms• 1 full bathroom• Approximately 1,300+ sq. ft.• Basement• Street parking by permit• Renovation opportunity• Sold strictly as-is**Bring your contractor and your vision.** This is an opportunity to purchase a single-family home in Somerville and renovate it to your specifications.**Showings by appointment.**
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: 664 sq ft (the lesser of 900 sq ft or half the 1,327 sq ft principal dwelling). Lot size: 1,484 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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Property Details
Financials
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Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Water Heater • ENERGY STAR Qualified Dryer • ENERGY STAR Qualified Washer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat
Geography
Listing Agent: Darin Thompson
Listing Office: Stuart St James, Inc.
MLS® Number: 73573168