Solid mixed-use investment opportunity in the heart of Somerville. 241 Highland Ave features three fully occupied 2-bed/1-bath residential units all on current leases, plus a vacant 2,000 sq. ft. commercial space ready to be built out. The commercial space features high ceiling heights and an unfinished basement offering plenty of additional storage ideal for a range of business uses. The residential units offer hardwood floors throughout, good natural light, and functional layouts with room to add value. Units 1 and 3 feature renovated kitchens. Unit 2 features an updated bathroom. Situated between Magoun Square, Davis Square, and Porter Square with steady foot traffic and strong rental demand. Easy access to the MBTA Red Line and bus routes, with a quick commute into Boston. Street parking only.

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Basic Information

Gross Income $97,800
Mls StatusActive
Parcel Number M:34 B:E L:47,752348
Rent Includes Unit 2(Hot Water)

Tax Information

Tax Assessed Value $814,300
Tax Year 2025
Taxes$8,884

Parking

Open Parking YN Yes
Parking Features Paved Drive
Parking Spaces

Rooms

Bathroom4
Bathrooms Total Decimal 4
Bedrooms6
Full Bath4

Basic Information

List Price$1,900,000
MLS Number73513408
Modification Date05/12/2026
Property SubType3 Family - 3 Units Up/Down

Location

Address241 Highland Avenue
Building Number241
CountyMiddlesex
StateMA
StreetHighland Avenue
TownSomerville
Zip02143

Building

BasementConcrete, Unfinished
Building Area Units Square Feet
Construction Materials Frame, Brick
FoundationConcrete Perimeter
Levels 4
Patio And Porch Features Deck - Wood
Rooms18
Stories4
Units4
Window Features Skylight(s)
Year Built1900
Year Built Details Approximate
Year Built Source Public Records

Property

Acreage0.07

Interior

Flooring Tile, Hardwood
Interior Features
- Ceiling Fan(s)
- Kitchen
- Living Room
- Open Floorplan
- Storage
- Upgraded Cabinets
- Upgraded Countertops

Exterior

Exterior Features Balcony/Deck
RoofShingle, Rubber

Utilities

Electric Circuit Breakers
Heat SystemYes
Heating Steam, Natural Gas, Forced Air
Sewer Public Sewer
Water Source Public

Property Information

Building Area Source Public Records
Living Area 4,247
Lot Size Square Feet 3,236
Lot Size Units Acres
Square Feet4,247

Amenities

Amenities
- Highway Access
- House of Worship
- Medical Facility
- Park
- Public School
- Public Transportation
- Shopping
- T-Station
- University
Appliances IncludedRange, Dishwasher, Refrigerator
Other AmenitiesBasement

Legal

ZoningRC

Other

Date Listed05/06/2026
Farm Land Area Units Square Feet

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Newton, MA

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Newton, MA