157 Elm Street, Somerville MA 02144
Somerville, MA 02144 • Davis Square
$1,695,000
Est. $10,201/month
About this home
Exceptional investment opportunity in the heart of Davis Square. This rare corner three-family property offers abundant parking and endless potential for investors, owner-occupants, or developers. Unit 1 features two bedrooms plus a den and sits above street level, providing added privacy and natural light. Unit 2 offers three spacious bedrooms, while Unit 3 includes one bedroom plus additional unfinished space with potential to expand the living area. The building's desirable southern exposure and numerous windows fill each unit with sunlight throughout the day. A partially finished basement with generous ceiling height presents additional possibilities for expansion or future improvements. Ideally located just a five-minute walk to Porter Square Station, Star Market, and the vibrant restaurants, cafés, and shops of both Porter and Davis Squares. A unique opportunity in one of Somerville's most sought-after neighborhood. Offers are due on Tuesday June 30th at 12pm
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Status: Active under contract
Jul 2, 2026
Active → Active Under Contract
Pending Sale
Jul 1, 2026
Offer accepted, sale pending
Showing Instructions Updated
Jun 24, 2026
New showing requirements
Listed for Sale
Jun 24, 2026
$1,695,000
Original listing
Agent: Iliyan Padinkov
Office: Coldwell Banker Realty - Boston
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/02/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 07/01/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 06/24/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 06/24/2026 | 🏠 Listed for Sale | $1,695,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $17,164 | $1,563,200 |
Financial Details
Annual Property Tax
$17,164
Tax Year 2026
Assessed Value
$1,563,200
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1920
Living Area
2,719 sq ft
Lot Size
0.10 acres
Bedrooms
6
Full Baths
3
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
$2,000/mo · N
Unit 2 Rent
— · N
Unit 3 Rent
— · N
Total Monthly Rent
$2,000/mo
Gross Income
$24,000
Net Operating Income
$24,000
Cap Rate
1.42%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Partially Finished
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Enclosed, Patio
Parking
Features
None
Total Spaces
4
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$17,164
Assessed Value
$1,563,200
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Sq Ft Disclosures
Some pictures are virtually staged. Additional 1236 square feet in the basement are not included
Documents
None
County
Middlesex
Total market time (incl. prior listings)
21 days
Property Overview
Property Type
3 Family
Listing Type
For Sale
Year Built
1920
Bedrooms
6
Full Bathrooms
3
Living Area
2,719 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,719 sq ft above grade
Display Options
Outdoor Areas
Patio & porchEnclosed, Patio
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Partially Finished
Laundry:
Security:
Construction & Materials
Year Built:
1920
Structure Type:
Exterior Materials:
Roof:
Shingle
Foundation:
Granite
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Enclosed, Patio
Fencing:
Other Structures:
Lot Features:
Corner Lot
Road Surface:
Parking & Garage
Total Parking Spaces:
4
Parking Features:
Nearby Schools
School District
Somerville School District local
B-
School Safety
2024-25
2.5%
Average
1.4%
Suspensions
2.2%
In-School
1.1%
Emergency
3.0% below state avg
Elementary Schools
9 schools
A
John F Kennedy School
0.2 mi
|
#50 of 352
|
Score: 56.7
Improved 5 spots from last year
-1.5 below state avg
439 students
Diverse
Grades PK-08
St. Theresa of the Child Jesus School
0.6 mi
Grades PK-08
C+
Arthur D Healey School
1.3 mi
|
#236 of 352
|
Score: 37.5
Improved 27 spots from last year
-20.7 below state avg
482 students
Diverse
Rising School
Diverse Student Body
Grades PK-08
B+
Albert F. Argenziano School at Lincoln Park
1.4 mi
|
#134 of 352
|
Score: 45.7
Improved 40 spots from last year
-12.6 below state avg
553 students
Diverse
Rising School
Diverse Student Body
Grades PK-08
C-
Winter Hill Community School
1.6 mi
|
#287 of 352
|
Score: 32.6
Dropped 15 spots from last year
-25.7 below state avg
388 students
Diverse
Diverse Student Body
Grades PK-08
C+
East Somerville Community School
1.7 mi
|
#245 of 352
|
Score: 37.0
Improved 6 spots from last year
-21.2 below state avg
747 students
Diverse
Grades PK-08
A+
Benjamin G Brown School
0.5 mi
|
#78 of 824
|
Score: 60.5
Dropped 61 spots from last year
+2.3 above state avg
219 students
Diverse
Strong Attendance
Grades K-05
Tufts Educational Day Care Center
0.6 mi
Grades PK-K
Capuano Early Childhood Center
1.8 mi
250 students
Very Diverse
Diverse Student Body
Grades PK-01
Middle Schools
1 school
Next Wave Junior High School
1.3 mi
16 students
Diverse
Diverse Student Body
Grades 06-08
High Schools
2 schools
F
Full Circle High School
1.3 mi
|
#344 of 346
|
Score: 17.3
Improved 22 spots from last year
-40.9 below state avg
67 students
Diverse
Rising School
Career Tech Programs
College Ready Curriculum
Diverse Student Body
Grades 09-12
B+
Somerville High School
1.3 mi
|
#131 of 346
|
Score: 57.1
Improved 111 spots from last year
-1.1 below state avg
1,394 students
Diverse
17 sports
• 1,566 athletes
Rising School
Career Tech Programs
Strong Athletics
Diverse Student Body
Grades 09-12
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Monthly Payment Breakdown
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Property Tax
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Homeowners Insurance
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Loan Summary
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
Davis Square
157 Elm Street, Somerville MA 02144
Somerville, MA 02144
Listing Information
Listing Agent
Iliyan Padinkov
Listing Office
Coldwell Banker Realty - Boston
Office Phone
617-266-4430
Agent MLS ID
CN200707
Office MLS ID
AN6192
Listing Data Updated
Jul 15, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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