Solid mixed-use investment opportunity in the heart of Somerville. 241 Highland Ave features three fully occupied 2-bed/1-bath residential units all on current leases, plus a vacant 2,000 sq. ft. commercial space ready to be built out. The commercial space features high ceiling heights and an unfinished basement offering plenty of additional storage ideal for a range of business uses. The residential units offer hardwood floors throughout, good natural light, and functional layouts with room to add value. Units 1 and 3 feature renovated kitchens. Unit 2 features an updated bathroom. Situated between Magoun Square, Davis Square, and Porter Square with steady foot traffic and strong rental demand. Easy access to the MBTA Red Line and bus routes, with a quick commute into Boston. Street parking only.
Property Details
Price:
$1,900,000
MLS #:
73513408
Status:
Active
Beds:
6
Baths:
4
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
Listed Date:
May 6, 2026
Finished Sq Ft:
4,247
Total Sq Ft:
4,247
Lot Size:
3,236 sqft / 0.07 acres (approx)
Year Built:
1900
Units:
4
See this Listing
Schools
Interior
Above Grade Finished Area
4247
Appliances
Range, Dishwasher, Refrigerator
Bathrooms
4 Full Bathrooms
Cooling
None
Flooring
Tile, Hardwood
Heating
Steam, Natural Gas, Forced Air
Interior Features
Upgraded Cabinets, Upgraded Countertops, Ceiling Fan(s), Storage, Open Floorplan, Living Room, Kitchen
Levels
4
Exterior
Community Features
Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, Public School, T-Station, University
Construction Materials
Frame, Brick
Exterior Features
Balcony/Deck
Open Parking YN
1
Parking Features
Paved Drive
Patio And Porch Features
Deck – Wood
Roof
Shingle, Rubber
Stories
4
Window Features
Skylight(s)
Financial
Tax Year
2025
Taxes
$8,884
Map
Community
- Address241 Highland Ave Somerville MA
- CitySomerville
- CountyMiddlesex
- Zip Code02143
Subdivisions in Somerville
Market Summary
Current real estate data for Multi Family in Somerville as of May 15, 2026
89
Multi Family Listed
117
Avg DOM
486
Avg $ / SqFt
$2,029,975
Avg List Price
Property Summary
- 241 Highland Ave Somerville MA is a Multi Family for sale in Somerville, MA, 02143. It is listed for $1,900,000 To schedule a showing of MLS#73513408 at 241 Highland Ave in Somerville, MA, contact your Cornerstone Real Estate agent at 617-238-7400.
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Courtesy of Serhant Rhode Island LLC. 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.
241 Highland Ave
Somerville, MA