Skip To Content

    508-510 Broadway

    Somerville, MA 02145
    • $1,450,000
    • STATUS: Active
    • MLS #: 72799379
    Price Reduced
    UPDATED: 17 min ago
    $1,450,000
    • 11
      BEDS
    • 0.06
      ACRES
    • 3
      BATHS
    • 2
      1/2 BATHS
    • 4,086
      SQFT
    • $355
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1905
    County:

    School Ratings & Info

    Listing courtesy of Carey Gatto of Keller Williams Realty.

    Description

    HUGE Triple-decker 3-family with over 4000 SF of living area, just steps from trendy Magoun Square, many restaurants, close to Tufts University and the incoming Green Line T stop! Excellent income potential with 3 large apartments. Units #1 & 2 boast 4 BR's! Unit #3 has 3 BR's plus an open concept DR / LR. Currently rented at 50% occupancy. Pre-Covid Gross Income as high as $93,840/year. Tall ceilings, Eat-in kitchens, Hardwood floors, spacious rooms and a terrific location make this very well maintained property highly rentable! 30-year roof installed in 2014. Newer furnaces. Lead compliance certificate on hand. No permit required to park on Charles Ryan Rd or on Broadway in front of the baseball field. You can park in front of the property overnight from 8pm - 8am. One unit vacant and great tenants in other 2 units make this the perfect opportunity for an owner-occupant or absentee investor. Properties like this are rarely available! Don't miss out! GROUP SHOWING: 4/10 @ 11:30-12:30.

    Monthly Payment Calculator



    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-04-11T21:06:51.897.
    www.livecharlesgate.com/homes/115180580
    Print Image

    508-510 Broadway Somerville, MA 02145

    • Price: $1,450,000
    • Status: Active
    • Updated: 17 min ago
    • MLS #: 72799379
    11
    Beds
    3
    Baths
    2
    ½ Baths
    0.06
    Acres
    4,086
    SQFT
    $355
    $/SQFT
    1905
    Built
    Neighborhood:
    Magoun Square
    County:
    Middlesex
    Area:
    Magoun Square
    Property Description
    HUGE Triple-decker 3-family with over 4000 SF of living area, just steps from trendy Magoun Square, many restaurants, close to Tufts University and the incoming Green Line T stop! Excellent income potential with 3 large apartments. Units #1 & 2 boast 4 BR's! Unit #3 has 3 BR's plus an open concept DR / LR. Currently rented at 50% occupancy. Pre-Covid Gross Income as high as $93,840/year. Tall ceilings, Eat-in kitchens, Hardwood floors, spacious rooms and a terrific location make this very well maintained property highly rentable! 30-year roof installed in 2014. Newer furnaces. Lead compliance certificate on hand. No permit required to park on Charles Ryan Rd or on Broadway in front of the baseball field. You can park in front of the property overnight from 8pm - 8am. One unit vacant and great tenants in other 2 units make this the perfect opportunity for an owner-occupant or absentee investor. Properties like this are rarely available! Don't miss out! GROUP SHOWING: 4/10 @ 11:30-12:30.
    Exterior Features

    Beachfront No Color Yellow Construction Frame Exterior Vinyl Exterior Features GuttersCity View(S) Foundation Poured Concrete Lot Description City View(S)Level Parking Features On Street Without PermitOther (See Remarks) Parking Spaces 0 Road Type Public Roof Material Asphalt/Fiberglass Shingles Waterfront Flag No Waterview Flag No

    Interior Features

    Appliances Unit1 RangeRefrigerator Appliances Unit2 RangeRefrigerator Appliances Unit3 RangeRefrigerator Basement Yes Basement Features FullUnfinished Basement Bedrooms Unit1 4 Bedrooms Unit2 4 Bedrooms Unit3 3 Cooling Units 0 Cooling Zones 0 Energy Features Insulated WindowsProg. Thermostat Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Flooring TileHardwood Floors Unit1 1 Floors Unit2 2 Floors Unit3 3 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Half Baths Unit1 1 Half Baths Unit2 1 Half Baths Unit3 0 Heat Units 3 Heat Zones 3 Heating Unit1 Hot Water RadiatorsOil Heating Unit2 Hot Water RadiatorsOil Heating Unit3 Hot Water RadiatorsOil Hot Water Oil Interior Features Unit1 Tile FloorHardwood Floors Interior Features Unit2 Tile FloorHardwood Floors Interior Features Unit3 PantryTile FloorHardwood FloorsOpen Floor Plan Levels 3 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Rooms 18 Rooms Description Unit1 Living RoomDining Room Rooms Description Unit2 Living RoomKitchen Rooms Description Unit3 Living RoomDining RoomKitchen Rooms Unit1 6 Rooms Unit2 6 Rooms Unit3 6

    Property Features

    Amenities Public TransportationShoppingParkWalk/Jog TrailsMedical FacilityLaundromatBike PathHighway AccessHouse Of WorshipPrivate SchoolPublic SchoolT-StationUniversity Apod Available Yes Assessments 1050900.00 Disclosure Yes Disclosures Unit #1 Was Leased For $2940 in 2019-20202 Of The 4 Tenants Left Due To Covid-Related ReasonsHence The Unit is Currently Half Occupied. Electric Features Circuit BreakersIndividually Metered Exclusions Tenants' Belongings. Expenses Source Owner Provided Gross Operating Income 41400 Lead Paint Certified Treated Lease Unit1 Y Lease Unit2 N Lease Unit3 Y Lender Owned No Multifamily Type 3 Family Net Operating Income 35995 Rent Description Unit1 HeatElectricGasWaterHot Water Rent Description Unit2 Water Rent Description Unit3 Water Rent Unit1 1450 Rent Unit2 0 Rent Unit3 2000 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Source Public Record Tax Year 2020 Taxes 10604.00 Utility Connections For Gas RangeFor Gas Oven Water City/Town Water Year Built Description Actual Year Built Source Public Record Year Round Yes Zoning Nb

    Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Carey Gatto of Keller Williams Realty.


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-04-11T21:06:51.897.
     
    https://bt-photos.global.ssl.fastly.net/mlspin/orig_boomver_1_72799379_1.jpg https://bt-photos.global.ssl.fastly.net/mlspin/orig_boomver_1_72799379_1.jpg https://bt-photos.global.ssl.fastly.net/mlspin/orig_boomver_1_72799379_1.jpg
    Logo
    Charlesgate Realty Group
    867 Boylston Street, Fl 3
    Boston MA, 02116
    Listing courtesy of Carey Gatto of Keller Williams Realty.