Rare opportunity in prime Somerville! 116 Prospect St, a three-unit multi-family offers exceptional value for both investors and owner-occupants. Ideally located just minutes from Union Square (and the Green Line) in Somerville and Cambridge’s Inman Square, this property offers unbeatable convenience. Each unit includes private laundry and dedicated storage, garage parking for all three units, plus five additional off-street parking spots. Enjoy private balconies for each unit, full living and dining rooms in the second and third floor units, as well as bonus rooms perfect for a home office or guest space. The updated first-floor unit features two bedrooms and modern finishes. A smart investment in a vibrant, connected neighborhood. Property being sold AS IS for seller’s convenience.
Property Details
Price:
$1,600,000
MLS #:
73396107
Status:
Pending
Beds:
4
Baths:
3
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
Neighborhood:
Union Square
Listed Date:
Jun 25, 2025
Finished Sq Ft:
2,970
Total Sq Ft:
2,970
Lot Size:
4,792 sqft / 0.11 acres (approx)
Year Built:
1900
Units:
3
See this Listing
Schools
Interior
Appliances
Range, Refrigerator, Washer, Dryer
Bathrooms
3 Full Bathrooms
Cooling
Window Unit(s)
Flooring
Wood, Carpet, Laminate
Heating
Baseboard, Hot Water
Laundry Features
Gas Dryer Hookup, Electric Dryer Hookup
Exterior
Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Laundromat, Bike Path, Highway Access, House of Worship, T- Station
Construction Materials
Frame
Exterior Features
Balcony
Parking Features
Paved Drive, Off Street
Parking Spots
5
Roof
Rubber
Financial
Tax Year
2025
Taxes
$13,972
Map
Community
- Address116 Prospect St Somerville MA
- CitySomerville
- CountyMiddlesex
- Zip Code02143
Subdivisions in Somerville
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Market Summary
Current real estate data for Multi Family in Somerville as of Aug 03, 2025
67
Multi Family Listed
120
Avg DOM
499
Avg $ / SqFt
$1,682,792
Avg List Price
Property Summary
- 116 Prospect St Somerville MA is a Multi Family for sale in Somerville, MA, 02143. It is listed for $1,600,000 To schedule a showing of MLS#73396107 at 116 Prospect St in Somerville, MA, contact your Cornerstone Real Estate agent at 617-238-7400.
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Courtesy of ERA Key Realty Services- Fram. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
116 Prospect St
Somerville, MA
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