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157 Elm Street, Somerville MA 02144

Somerville, MA 02144 • Davis Square
$1,695,000
Est. $10,201/month
6
Beds
3
Baths
2,719
Sq Ft
$623
Price/Sq Ft
0.10
Acres
1920
Year Built
4
Parking
19
Days on Market
Pending Listed Jun 24, 2026 • MLS# 73540783 Copied! • Updated Jul 15, 2026

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

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%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Partially Finished
Laundry None
Features None
Construction None
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Enclosed, Patio
Features None
Total Spaces 4
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $17,164
Assessed Value $1,563,200
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
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

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

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 information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,430
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

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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Steven Novak
Steven Novak
BMN Boston Real Estate
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Steven Novak

Steven Novak

BMN Boston Real Estate

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