31 Everett Ave Somerville — Photo 1 of 21
$749,000
Investment Analysis — 31 Everett Ave
Somerville, MA 02145
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02145 carries an estimated $4,020/mo in gross rent — about a 3.76% cap rate and $28,147/yr in estimated NOI at the $749,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,404
Style
Single Family
Built
1890
Single-family home ideally located between East Somerville, Winter Hill, and Union Square, offering an excellent opportunity for RENOVATION AND REDEVELOPMENT. The property has a great existing layout for single-family living, with generous yard space, impressive ceiling height, and a spacious kitchen. Recent improvements include a brand-new heating system and new metal roof. The lot also offers potential to expand the existing home and explore additional development opportunities, subject to zoning and permitting.
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: 702 sq ft (the lesser of 900 sq ft or half the 1,404 sq ft principal dwelling). Lot size: 3,113 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 MLS and other third-party data may be inaccurate or out of date.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.
Immersive Experience
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility
Geography
Listing Agent: Ad Advisors Team
Listing Office: Block Realty
MLS® Number: 73564585
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