
1246 Broadway #2 Somerville — Photo 1 of 24
Recent Drop: $49,900
$1,125,000
Investment Analysis — 1246 Broadway #2
Somerville, MA 02144
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02144 carries an estimated $4,360/mo in gross rent — about a 1.86% cap rate and $20,958/yr in estimated NOI at the $1,125,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2.5
SqFt
1,598
Style
Condominium
Built
2021
THE SPACE OF A SINGLE-FAMILY, WITH THE CONVENIENCE OF CONDO LIVING. Nearly 1,600 square feet of thoughtfully designed living space unfolds across three levels in this quiet, light-filled 3-bedroom, 2.5-bath townhouse-style home, complete with a flexible bonus room and two deeded covered parking spaces. Enter on the first level, where a spacious bonus room creates a welcoming and versatile space away from the main living areas. Ideal for a home office, media room, gym, playroom or guest space. Upstairs, the main level opens into a bright and inviting living and dining area filled with natural light. The beautifully appointed kitchen features quartz countertops, stainless steel appliances, abundant cabinetry, pantry and a generous island that anchors the open-concept space. A bedroom on this level adds valuable flexibility for guests, an additional office or anyone who prefers separation from the upper-floor bedrooms. The top floor offers two additional bedrooms, creating a peaceful retreat removed from the main living and entertaining spaces. The home's multi-level design provides an appealing sense of privacy and separation, while oversized windows bring in abundant natural light throughout. With 2.5 baths, central air, in-unit laundry, generous storage and two deeded covered parking spaces, this home delivers the functionality and space of a single-family lifestyle without the maintenance that often comes with one. Ideally located near Teele Square, Davis Square, Tufts University, with MBTA bus right outside the building - Route 87. Convenient access to the Red Line, neighborhood restaurants, cafés and major commuter routes, parks, route 16 to route 2. Quiet, spacious and filled with natural light. Three levels of flexible living with room to work, gather, retreat and make the space your own.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Second17.416666666 x 12.416666666
Flooring - Laminate, Recessed Lighting
Kitchen
Lvl Second14.666666666 x 8.583333333
Flooring - Laminate, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Recessed Lighting, Lighting - Pendant
Primary Bedroom
Lvl Third14.416666666 x 11.833333333
Walk-In Closet(s), Flooring - Laminate, Recessed Lighting
Bedroom 2
Lvl Second12.416666666 x 9.5
Bedroom 3
Lvl Third12.416666666 x 9.5
Closet, Flooring - Laminate, Recessed Lighting
Bathroom 1
Lvl Third8.583333333 x 5.5
Flooring - Stone/Ceramic Tile, Recessed Lighting, Lighting - Overhead
Bathroom 2
Lvl Third10 x 4.833333333
Flooring - Stone/Ceramic Tile, Recessed Lighting, Lighting - Overhead
Bathroom 3
Lvl Second6.75 x 2.916666666
Bathroom - Half, Flooring - Stone/Ceramic Tile, Recessed Lighting, Lighting - Overhead
Property History
$1,125,000
Was $1,174,900
Sep 8, 2026
MLS® 73546881
$1,174,900
Jul 8, 2026
MLS® 73546881
Listing Agent: The Bill Butler Group
Listing Office: Leading Edge Real Estate
MLS® Number: 73546881
Open Houses
Related Insights

Somerville’s Move-Up Trap for Home Sellers

Somerville Draft Dormer Rules May Favor Expanding

Somerville Bridge Loans for Winter Hill Buyers

Somerville School Zones: Address Over Home Type

Why Somerville Single-Family Prices Are Up 10%
Somerville Buyers: Location vs. Schools in 2026

Massachusetts Move-Up Families Hit the 65% Equity Wall
