BEDS5
BATHS5 full
SQUARE FEET3,782
MLS#73580288
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
The multi-family investment property located at 70 Columbus Ave in Somerville, MA (the Property??) is a multi-story building containing five (5) 1-Bedroom/1-Bathroom units with 3,782 square feet of gross living area in 5,878 square feet of gross area. The Property is situated upon a 0.14-acre parcel and features three (3) tandem parking spaces. The historic building has been exceptionally cared for and features large recently updated apartments, providing residents with a desirable blend of character and modern convenience in a sought-after sub-market, minutes from the new Union Square MBTA Train Station. The Property benefits from recent significant capital improvements, including the installation of six new Burnham boilers in 2019, a new roof and extensive exterior maintenance in 2022, the replacement of approximately half of the building's windows in 2025, and a brand-new landlord-owned coin-operated laundry in 2026. The Property also offers meaningful value-add opportunity through below market rents. A full-height basement unit currently generates no income and may present future opportunities for additional revenue. The large driveway is also underutilized and can accommodate at least three off street parking spaces, creating supplemental parking income.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Partially Finished
Fireplaces: 1
Lot Size: 0.14 Acres
Roof Type: Shingle, Rubber
Stories: 5.0
Taxes: $17,715
Year Built: 1900
Amenities
Sprinkler System
Garden
Feature Descriptions
Appliances: Washer, Dryer
Building Area Total: 3782
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Dwelling Type: 5-9 Family
Exterior: Frame
Fireplace Y/N: Yes
Open Parking Y/N: Yes
Parcel Number: M:0073 B:000B L:0005,758033
Parking Features: Paved Drive, Off Street, Tandem, On Street, Paved
Parking Total: 3
Patio And Porch: Porch, Deck - Roof, Covered
Rooms Total: 20
Sewer: Public Sewer
Units: 5
Water: Public
Listed By / Shown By
Listed By
Agency Name: Horvath & Tremblay
Agent Name: Tess Kohanski
Agency Phone: 781-776-4000
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 6,007.27 per month $4,006.02 Principal & Interest $1,476.25 Property Tax $525.00 Homeowner's Insurance
70 Columbus Ave | MLS# 73580288
This multi-family property located at 70 Columbus Ave, Somerville, MA 02143 is currently listed for sale with an asking price of $1,800,000. Search Somerville real estate on www.masiellogrouprealestate.com today.