Exceptional opportunity to own a spacious two-family home on a dead-end street in desirable Somerville! Ideal for an owner-occupant or investor, this property offers generous living space and established rental income. The first-floor unit features two spacious bedrooms, high ceilings, an updated full bathroom, central heat, and ample closet space. Currently rented at $2,350 per month, with a lease in place through March 31, 2027. The vacant upper unit spans two levels and offers four bedrooms, a full bathroom, a dining room, and a comfortable living room—ready for an owner-occupant or new tenants. Additional finished basement flex space adds versatility. Conveniently located near the Gilman Square Green Line station, Community Path, Somerville High School, and public library, with easy access to Union Square, Davis Square, Assembly Row, restaurants, and shopping. Enjoy convenient connections to Boston and major highways. Easy to show, with a flexible closing date available! First Showing at Open House Sunday October 18th from 12 to 2:00pm

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Basic Information

Gross Income $28,200
Listing Terms Contract
Mls StatusNew
Parcel Number M:0078 B:000G L:0016,758807
Rent Includes Unit 1(Water), Unit 2(Water)
Road Frontage DescriptionPaved

Tax Information

Tax Assessed Value $850,500
Tax Year 2026
Taxes$9,338

Parking

Parking Spaces

Rooms

Bathroom3
Bathrooms Total Decimal 3
Bedrooms6
Full Bath3

Basic Information

List Price$1,199,900
MLS Number73590206
Modification Date10/13/2026
Property SubTypeMulti Family

Location

Address5 Gilman Terrace
Building Number5
CountyMiddlesex
StateMA
StreetGilman Terrace
TownSomerville
Zip02145

Building

BasementFull, Partially Finished, Interior Entry, Bulkhead
Building Area Units Square Feet
Construction Materials Frame
Door Features Insulated Doors
FoundationStone
Levels 3
Patio And Porch Features Deck
Rooms13
Stories3
Units2
Window Features Insulated Windows
Year Built1890
Year Built Details Approximate
Year Built Source Public Records

Property

Acreage0.05

Interior

Flooring Tile, Hardwood
Interior Features Living Room, Kitchen, Dining Room

Exterior

Fencing Fenced/Enclosed, Fenced
RoofShingle

Utilities

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

Property Information

Building Area Source Public Records
Living Area 2,267
Lot Size Square Feet 2,091
Lot Size Units Acres
Square Feet2,267
View YN Yes

Amenities

Amenities
- Highway Access
- House of Worship
- Laundromat
- Park
- Public School
- Public Transportation
- T-Station
Appliances IncludedRange, Refrigerator
Other AmenitiesBasement

Legal

ZoningNR

Other

Date Listed10/13/2026
Farm Land Area Units Square Feet

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Newton, MA

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More Info

Basic Information

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Newton, MA