Solid mixed-use investment opportunity in the heart of Somerville. 241 Highland Ave features three fully occupied 2-bed/1-bath residential units all on current leases, plus a vacant 2,000 sq. ft. commercial space ready to be built out. The commercial space features high ceiling heights and an unfinished basement offering plenty of additional storage ideal for a range of business uses. The residential units offer hardwood floors throughout, good natural light, and functional layouts with room to add value. Units 1 and 3 feature renovated kitchens. Unit 2 features an updated bathroom. Situated between Magoun Square, Davis Square, and Porter Square with steady foot traffic and strong rental demand. Easy access to the MBTA Red Line and bus routes, with a quick commute into Boston. Street parking only.
Open House: May 9th 1:00-2:30pm
| MLS Listing ID: | 73513408 |
|---|---|
| Listing Price: | $1,900,000 |
| Listing Status: | New [?] |
| Property Type: | Multi Family |
| Bedrooms: | 6 |
| Full Baths: | 4 |
| Living Space: | 4247 sf. |
| Lot Size: | 0.07 acres (3236 sf.) |
| Parking: | - |
| Taxes: | $8,884.01 |
| Tax Year: | 2025 |
Listing Current as of May 07, 2026 1:00pm
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