126 Summer St Somerville — Photo 1 of 32
Recent Drop: $100,000
$1,595,000
Investment Analysis — 126 Summer St
Somerville, MA 02143
Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 1 vacant unit, a 3-unit multi-family in 02143 carries an estimated $8,795/mo in gross rent — about a 4.16% cap rate and $66,386/yr in estimated NOI at the $1,595,000 list price. Adjust every assumption in the calculator below.
Beds
7
Baths
3
SqFt
3,688
Style
3 Family - 3 Units Up/Down
Built
1900
Opportunities like this are becoming increasingly rare. For the first time in generations, this cherished , well maintianed, three-family home is ready for its next chapter. Set in a prime Somerville location, 126 Summer Street has been lovingly maintained and offers the flexibility today's buyers are looking for, whether as an investment, owner-occupied property, or multigenerational home. Three spacious units, off-street parking for three vehicles and an inviting outdoor entertaining area with an oversized gazebo, make this a standout opportunity. Recent improvements include upgraded electrical with a separate fire alarm meter and newer heating systems serving the first and third floors. Looking for even greater potential? The adjacent three-family at 130 Summer Street is also available, offering a unique opportunity to own six units side by side in one of Somerville's most desirable neighborhoods.
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 MLS and other third-party data may be inaccurate or out of date.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
Amenities & Appliances
Range • Refrigerator • Washer • Dryer • Dishwasher • Microwave
Neighborhood
Public Transportation • Shopping
Geography
Property History
$1,595,000
Was $1,628,000
Aug 4, 2026
MLS® 73516983
$1,628,000
Was $1,670,000
Jul 6, 2026
MLS® 73516983
$1,670,000
Was $1,695,000
Jun 2, 2026
MLS® 73516983
$1,695,000
May 12, 2026
MLS® 73516983
Listing Agent: Melanie Lentini
Listing Office: Leading Edge Real Estate
MLS® Number: 73516983
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