
237 Highland Ave Somerville — Photo 1 of 23
Recent Drop: $275,000
$2,200,000
237 Highland Ave, Somerville, MA 02143
Somerville, MA 02143
Beds
6
Baths
4.5
SqFt
6,020
Style
5-9 Family
Built
1900
Offered for sale, 237 Highland Avenue presents a rare mixed-use investment opportunity in Somerville's desirable Spring Hill neighborhood, conveniently located close to Davis Square and Porter Square. The property comprises 8,176 square feet (gross area) and includes two street-level commercial storefronts (currently occupied by a nail salon and tailor) along with four residential units consisting of two one-bedroom apartments, one studio apartment, and one four-bedroom apartment. All residential units are leased through August 2027, providing stable income. The property benefits from a strong rent roll and a highly accessible location with convenient access to Route 93, Boston, Cambridge, and public transportation. A compelling opportunity for investors seeking a well-located, income-producing asset in one of Somerville's most sought-after neighborhoods.
Market Value Analysis
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Somerville, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Medical Facility • Laundromat • Highway Access
Geography
Property History
$2,200,000
Was $2,475,000
Aug 17, 2026
MLS® 73536580
$2,475,000
Jun 16, 2026
MLS® 73536580
$2,200,000
Jun 16, 2026
MLS® 73536582
$1,100,000
Jun 4, 2011
MLS® 70596291
$1,100,000
Jun 4, 2011
MLS® 70596254
$1,100,000
Jun 12, 2007
MLS® 70596291
$1,100,000
Jun 9, 2007
MLS® 70596254
Population
25,513
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$131K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
69.0%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Middlesex County
2,698 housing units permitted in the last 12 months (+3% vs the prior 12 months) — 1,713 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
Listing Agent: Shane Marrion
Listing Office: Benoit Real Estate Group ,LLC
MLS® Number: 73536580
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