81 Marion Street, Somerville MA 02143
Somerville, MA 02143
$1,599,000
$1,549,000
Est. $9,374/month
About this home
NEW PRICE & INCENTIVE with any full-price, acceptable offer, the seller will give a $7,500 CREDIT to be applied toward one of the following: CLOSING COSTS, a RATE BUY-DOWN, or a REDUCTION OF THE PURCHASE PRICE. With 7 bedrooms, 3 bathrooms, and in-unit washer/dryer in each unit, the property is set up to attract and retain tenants. This location offers genuine convenience without the need to oversell it. Union Square Green Line station is under 1/2 mile away, putting downtown Boston within easy reach. Inman Square, Cambridge, and several MBTA bus lines are all nearby, giving tenants real commuting options. Day-to-day needs are easily met with Whole Foods, Lincoln Park, and local dining all close by. For an investor, the combination of a three-unit structure, functional layout, and a location with solid transit access makes this a straightforward rental proposition. For an owner-occupant, the ability to offset carrying costs with rental income from two units is a meaningful advantage.
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
3.1%
Price Range
Property Timeline
Status: Active under contract
Jul 21, 2026
Active → Active Under Contract
Pending Sale
Jul 19, 2026
Offer accepted, sale pending
Price Reduced
Jul 6, 2026
$1,549,000
$50,000
(-3.13%)
From $1,599,000 to $1,549,000 (-3.1%)
Listed for Sale
Jun 9, 2026
$1,599,000
Original listing
Agent: Melanie Lentini
Office: Leading Edge Real Estate
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/21/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 07/19/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 07/06/2026 | ↓ Price Reduced | $1,549,000 | $50,000 | - | From $1,599,000 to $1,549,000 (-3.1%) |
| 06/09/2026 | 🏠 Listed for Sale | $1,599,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $16,098 | $1,466,100 |
Financial Details
Annual Property Tax
$16,098
Tax Year 2026
Assessed Value
$1,466,100
Facts & Features
Central AC
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
1900
Living Area
3,420 sq ft
Lot Size
0.06 acres
Bedrooms
7
Full Baths
3
Total Rooms
18
Investment Metrics
Units
3
Unit 1 Rent
$2,150/mo · N
Unit 2 Rent
— · N
Unit 3 Rent
$2,200/mo · N
Total Monthly Rent
$4,350/mo
Gross Income
$52,200
Net Operating Income
$52,200
Cap Rate
3.37%
Interior
Heating
Forced Air, Natural Gas
Cooling
Central Air
Flooring
Wood, Tile, Vinyl, Carpet, Hardwood
Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer
Fireplace
None
Basement
None
Laundry
None
Features
Ceiling Fan(s), Pantry, Living Room, Dining Room, Kitchen, Laundry Room, Office/den
Exterior
Construction
Frame
Architecture
None
Roof
Tar/gravel, Rubber
Features
None
Pool
None
Spa
None
Fencing
Fenced/enclosed, Fenced
Patio/Porch
Porch, Enclosed
Parking
Features
Paved Drive, On Street
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$16,098
Assessed Value
$1,466,100
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
See Sellers Statement. Measurements Are For Marketing Purposes Only.
Exclusions
See Inclusion/Exclusion Sheet
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Lt Blue
Sq Ft Source
Public Record
Sq Ft Disclosures
There is not heat in the small rooms off hall for 2nd and 3rd floors.
Documents
None
County
Middlesex
Total market time (incl. prior listings)
55 days
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
Sale Pending
Year Built
1900
Bedrooms
7
Full Bathrooms
3
Living Area
3,420 sq ft
Total Rooms
18
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,420 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch, Enclosed
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:
Wood, Tile, Vinyl, Carpet, Hardwood
Appliances:
Range, Dishwasher, Refrigerator, Washer, Dryer
Interior Features:
Ceiling Fan(s), Pantry, Living Room, Dining Room, Kitchen, Laundry Room, Office/Den
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Frame
Roof:
Tar/Gravel, Rubber
Foundation:
Stone, Brick/Mortar, Other
Stories:
3
Heating, Cooling & Utilities
Heating:
Forced Air, Natural Gas
Cooling:
Central Air
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch, Enclosed
Fencing:
Fenced/Enclosed, Fenced
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
Paved Drive, On Street
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
3 schools
B+
Albert F. Argenziano School at Lincoln Park
0.2 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
A
John M Tobin School
0.5 mi
|
#137 of 824
|
Score: 57.4
Dropped 34 spots from last year
-0.8 below state avg
291 students
Very Diverse
Diverse Student Body
Grades PK-05
A-
Cambridgeport School
0.6 mi
|
#212 of 824
|
Score: 54.3
Improved 94 spots from last year
-3.9 below state avg
263 students
Very Diverse
Rising School
Diverse Student Body
Grades PK-05
Middle Schools
3 schools
C+
Cambridge Street Upper School
0.7 mi
|
#214 of 352
|
Score: 39.8
Dropped 26 spots from last year
-18.4 below state avg
301 students
Very Diverse
Diverse Student Body
Grades 06-08
Next Wave Junior High School
0.7 mi
16 students
Diverse
Diverse Student Body
Grades 06-08
Allium Montessori School
0.9 mi
Grades 01-06
High Schools
3 schools
F
Full Circle High School
0.7 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
0.7 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
NuVu Innovation School
1.0 mi
Grades 08-12
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Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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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
$1,342
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Total interest paid
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Rate Impact
-0.5% Rate
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+0.5% Rate
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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
81 Marion Street, Somerville MA 02143
Somerville, MA 02143
Listing Information
Listing Agent
Melanie Lentini
Listing Office
Leading Edge Real Estate
Office Phone
781-729-5505
Agent MLS ID
B9500513
Office MLS ID
AN4643
Listing Data Updated
Aug 3, 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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