Active
103 Days on market
237 Highland Ave Somerville — Photo 1 of 23

237 Highland Ave Somerville — Photo 1 of 23

Recent Drop: $275,000

$2,475,000
$2,200,000

$2,200,000

237 Highland Ave, Somerville, MA 02143

Somerville, MA 02143

Investor Analysis

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

This Property
Size (SqFt) →Price →
This Property$365/sqft
Local Avg (Somerville)$503/sqft
27% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Somerville, MA.

Property Details

Financials

Original Price$2,475,000
Annual Taxes$28,451

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms13
FireplacesNone
FlooringWood, Tile
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
Roof--
FoundationConcrete Perimeter
ZoningMR3

Property & Lot

Acres0.08
SqFt Lot3,333
Lot FeaturesLevel

Neighborhood

Public Transportation • Shopping • Medical Facility • Laundromat • Highway Access

Geography

Property History

Price Drop
$2,200,000

Was $2,475,000

Aug 17, 2026

MLS® 73536580

Listed
$2,475,000

Jun 16, 2026

MLS® 73536580

Listed
$2,200,000

Jun 16, 2026

MLS® 73536582

Expired
$1,100,000

Jun 4, 2011

MLS® 70596291

Expired
$1,100,000

Jun 4, 2011

MLS® 70596254

Listed
$1,100,000

Jun 12, 2007

MLS® 70596291

Listed
$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 Provided By

Listing Agent: Shane Marrion

Listing Office: Benoit Real Estate Group ,LLC

MLS® Number: 73536580

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