38 Berkeley Street, Somerville MA 02143
Somerville, MA 02143
$2,450,000
Est. $14,517/month
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About this home
Fantastic opportunity to purchase a six-family property in Somerville's highly sought-after Spring Hill neighborhood, near to Porter Square Red Line and just blocks from the Gilman Square Green Line and Bike Path, making it a commuter's dream. The property consists of six units—two studios and four two-bedroom (some can be utilized as three bedroom or three bedroom plus!) apartments—and features an enormous backyard and a large basement with ample storage. Extremely well kept and clean building with enormous upside potential for rent. The two studio units have been recently renovated, while Units 1–3 have been tastefully updated and maintained. Unit 4 is currently vacant, presenting an excellent opportunity for a new owner to renovate and increase rental income. With a well-balanced layout of three units on each side, this is a rare value-add investment opportunity in one of Somerville's most desirable locations. Please see broker for balance of photos and videos of each unit.
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Recently Sold Nearby
Property History
Market Insights
Property Timeline
Status: Active under contract
Aug 1, 2026
Active → Active Under Contract
Pending Sale
Jul 22, 2026
Offer accepted, sale pending
Listed for Sale
Jul 21, 2026
$2,450,000
Original listing
Agent: Grace Bloodwell
Office: Coldwell Banker Realty - Boston
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/01/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 07/22/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 07/21/2026 | 🏠 Listed for Sale | $2,450,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $23,144 | $2,107,800 |
Financial Details
Annual Property Tax
$23,144
Tax Year 2026
Assessed Value
$2,107,800
Facts & Features
Home Facts
Type
Residential Income
Style
5-9 Family
Year Built
1928
Living Area
5,051 sq ft
Lot Size
0.13 acres
Stories
4
Bedrooms
10
Full Baths
8
Total Rooms
22
Investment Metrics
Units
6
Unit 1 Rent
$3,200/mo · Y
Unit 2 Rent
$2,850/mo · Y
Unit 3 Rent
$3,000/mo
Unit 4 Rent
$2,000/mo
Total Monthly Rent
$11,050/mo
Gross Income
$158,700
Net Operating Income
$158,700
Cap Rate
6.48%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Full
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$23,144
Assessed Value
$2,107,800
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
See Broker For Videos Of Each Unit - Units 1-3 Current Used As Two Bedrooms But In The Past Have Been Used As Three Or Three Plus Bedrooms; Broker Is Making No Assurances About Legal Bedroom Counts -- Just Passing Along Information.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Sq Ft Disclosures
One unit (#4) is empty/needs renovation work completed. Bathroom count accounts for #4 future bath.
Documents
None
County
Middlesex
Total market time (incl. prior listings)
25 days
Property Overview
Property Type
5-9 Family
Listing Type
Sale Pending
Year Built
1928
Bedrooms
10
Full Bathrooms
8
Living Area
5,051 sq ft
Total Rooms
22
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
5,051 sq ft above grade
Display Options
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:
Full
Laundry:
Security:
Construction & Materials
Year Built:
1928
Structure Type:
Exterior Materials:
Roof:
Foundation:
Other
Stories:
4
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Other
Road Surface:
Parking & Garage
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
St. Theresa of the Child Jesus School
0.4 mi
Grades PK-08
B+
Albert F. Argenziano School at Lincoln Park
0.5 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+
East Somerville Community School
0.7 mi
|
#245 of 352
|
Score: 37.0
Improved 6 spots from last year
-21.2 below state avg
747 students
Diverse
Grades PK-08
C-
Winter Hill Community School
0.7 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
A
John F Kennedy School
0.8 mi
|
#50 of 352
|
Score: 56.7
Improved 5 spots from last year
-1.5 below state avg
439 students
Diverse
Grades PK-08
C+
Arthur D Healey School
0.9 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
Capuano Early Childhood Center
0.8 mi
250 students
Very Diverse
Diverse Student Body
Grades PK-01
A+
Benjamin G Brown School
1.0 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
1.5 mi
Grades PK-K
Middle Schools
1 school
Next Wave Junior High School
0.3 mi
16 students
Diverse
Diverse Student Body
Grades 06-08
High Schools
2 schools
F
Full Circle High School
0.3 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
0.3 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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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,929
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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$0
Total interest paid
$0
Rate Impact
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Payment Over Time
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
38 Berkeley Street, Somerville MA 02143
Somerville, MA 02143
Listing Information
Listing Agent
Grace Bloodwell
Listing Office
Coldwell Banker Realty - Boston
Office Phone
617-242-0025
Agent MLS ID
BB806851
Office MLS ID
AN6194
Listing Data Updated
Aug 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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