422 Mcgrath Highway, Somerville MA 02143
Somerville, MA 02143
$2,300,000
$2,200,000
Est. $12,721/month
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About this home
Exceptional investment opportunity in Somerville’s highly desirable Prospect Hill neighborhood. This well-maintained 4-unit multifamily property features (2) spacious 3-bedroom, 2-bath units and (2) 4-bedroom, 2-bath units, each offering private direct-entry access for a townhouse-style living experience. Originally gut renovated in 2016, the property includes modern finishes, central air conditioning, in-unit laundry, separately metered utilities, and rear outdoor space. Tenants pay their own gas and electric expenses, minimizing owner operating costs. The asset has been professionally maintained and offers upside potential through future rent growth. Ideally located with convenient access to Cambridge, Boston, Assembly Row, Union Square, Kendall Square, major employers, universities, public transportation, shopping, dining, and entertainment. A turnkey multifamily asset in one of Greater Boston’s strongest rental markets.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
4.3%
Price Range
Property Timeline
Price Reduced
Aug 14, 2026
$2,200,000
$100,000
(-4.35%)
From $2,300,000 to $2,200,000 (-4.3%)
Listed for Sale
Jun 22, 2026
$2,300,000
Original listing
Agent: Tom Egbers
Office: Northeast Private Client Group, LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/14/2026 | ↓ Price Reduced | $2,200,000 | $100,000 | - | From $2,300,000 to $2,200,000 (-4.3%) |
| 06/22/2026 | 🏠 Listed for Sale | $2,300,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $16,755 | $1,526,000 |
Financial Details
Annual Property Tax
$16,755
Tax Year 2026
Assessed Value
$1,526,000
Facts & Features
Home Facts
Type
Residential Income
Style
4 Family
Year Built
1920
Living Area
4,725 sq ft
Lot Size
0.13 acres
Stories
4
Bedrooms
14
Full Baths
8
Total Rooms
20
Investment Metrics
Units
4
Unit 1 Rent
$3,600/mo · Y
Unit 2 Rent
$3,300/mo · Y
Unit 3 Rent
$4,000/mo
Unit 4 Rent
$3,000/mo
Total Monthly Rent
$13,900/mo
Gross Income
$163,464
Net Operating Income
$115,126
Operating Expenses
$48,338
Water/Sewer Expense
$6,519
Electric Expense
$240
Insurance Expense
$10,248
Cap Rate
5.23%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
Full
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Rubber
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
$16,755
Assessed Value
$1,526,000
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Middlesex
Total market time (incl. prior listings)
57 days
Property Overview
Property Type
4 Family
Listing Type
For Sale
Year Built
1920
Bedrooms
14
Full Bathrooms
8
Living Area
4,725 sq ft
Total Rooms
20
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
4,725 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:
1920
Structure Type:
Exterior Materials:
Frame
Roof:
Rubber
Foundation:
Concrete Perimeter
Stories:
4
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Oil
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 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
$1,396
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
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
422 Mcgrath Highway, Somerville MA 02143
Somerville, MA 02143
Listing Information
Listing Agent
Tom Egbers
Listing Office
Northeast Private Client Group
Office Phone
857-990-6800
Agent MLS ID
CN257278
Office MLS ID
AN8574
Listing Data Updated
Aug 18, 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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