224 Summer St #1 Somerville — Photo 1 of 30
$899,900
Investment Analysis — 224 Summer St #1
Somerville, MA 02143
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02143 carries an estimated $3,470/mo in gross rent — about a 2.40% cap rate and $21,604/yr in estimated NOI at the $899,900 list price. Adjust every assumption in the calculator below.
Beds
2
Baths
2
SqFt
1,238
Style
Condominium
Built
1900
Incredible find with TWO deeded garage parking spaces, a true rarity in Somerville. Located in a quiet two-unit building, this unit includes two dedicated spaces in a spacious, suburb-style 4-car garage—not a cramped parking garage!Beautifully updated 2BR/2BA condo, move-in ready! Open-concept living/dining, hardwoods, recessed lighting, central A/C, NEW WATER HEATER (3/2026), and Harvey windows throughout. Updated kitchen with stainless steel appliances, painted exposed brick, and fresh backsplash. Two updated full baths with smart mirrors; built-in Bluetooth speaker in the first-floor bath. Primary bedroom features a built-in closet and both feature blackout shades. Refinished basement adds flex space with family room and a 2nd full bath, oversized washer/dryer, and additional private & common area storage. Large common rear deck. Steps to cafes, parks, and transit. Did we mention the TWO-CAR GARAGE SPACES?! Interest rates holding you back? Ask us about 1-0 BUYDOWN offer with this unit as the cherry on top! SCHEDULE A SHOWING NOW!
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 MLS and other third-party data may be inaccurate or out of date.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.
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Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Bike Path • Public School • T-Station
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstFlooring - Hardwood
Dining Room
Lvl FirstFlooring - Hardwood
Kitchen
Lvl Main,FirstFlooring - Hardwood, Countertops - Upgraded, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Gas Stove
Family Room
Lvl BasementRecessed Lighting, Remodeled
Primary Bedroom
Lvl FirstWalk-In Closet(s), Closet, Closet/Cabinets - Custom Built, Recessed Lighting
Bedroom 2
Lvl FirstBathroom 1
Lvl Main,FirstBathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Tub & Shower, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Double Vanity, Recessed Lighting, Remodeled
Bathroom 2
Lvl BasementBathroom - Full, Bathroom - Tiled With Shower Stall, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Dryer Hookup - Electric, Recessed Lighting, Remodeled, Washer Hookup
Listing Agent: Quonae Group
Listing Office: Compass
MLS® Number: 73579443
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