40 Highland Ave #8 Somerville — Photo 1 of 13
$499,900
Investment Analysis — 40 Highland Ave #8
Somerville, MA 02143
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02143 carries an estimated $4,160/mo in gross rent — about a 5.73% cap rate and $28,652/yr in estimated NOI at the $499,900 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
1
SqFt
1,370
Style
Condominium
Built
1895
Lowest priced 3 bedroom in Somerville! Completely renovated unit on one level in a great location right off highway, minutes to Gilman square greenline and a few blocks from Inman Square! The open concept kitchen great for entertaining with new white shaker cabinets, quartz counters with breakfast bar that can fit 2-3 stools. The dining area is perfect for full size table with beautiful natural oak buffet for extra storage and entertaining needs. Next is the livingroom with cozy new fireplace with tv above which swivels in case you want to watch your favorite show while prepping meals. The three nice sized bedrooms have decent sized closets and lots of window for bright airy faell! No more trips to the laundromat or having to take stairs with laundry since hookups are in the unit! Extra storage off kitchen and finally, the common outdoor space is perfect for outdoor grilling and summer get togethers! Low condo fee just adds to the value here.
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 MLS and other third-party data may be inaccurate or out of date.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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Bike Path
Geography
Property History
$499,900
Jul 15, 2026
MLS® 73550468
$559,900
Jul 11, 2026
MLS® 73505217
$559,900
Apr 22, 2026
MLS® 73505217
Listing Agent: Dennis Oliveira
Listing Office: JDS Realty Group
MLS® Number: 73550468
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