Exceptional investment opportunity in the heart of Davis Square. This rare corner three-family property offers abundant parking and endless potential for investors, owner-occupants, or developers. Unit 1 features two bedrooms plus a den and sits above street level, providing added privacy and natural light. Unit 2 offers three spacious bedrooms, while Unit 3 includes one bedroom plus additional unfinished space with potential to expand the living area. The building's desirable southern exposure and numerous windows fill each unit with sunlight throughout the day. A partially finished basement with generous ceiling height presents additional possibilities for expansion or future improvements. Ideally located just a five-minute walk to Porter Square Station, Star Market, and the vibrant restaurants, cafés, and shops of both Porter and Davis Squares. A unique opportunity in one of Somerville's most sought-after neighborhood. Offers are due on Tuesday June 30th at 12pm
Pending
$1,695,000
157 Elm St, Somerville, MA 02144
6beds
2,719sqft
3 Family
Built in 1920
-- sqft lot
$-- Zestimate®
$623/sqft
$-- HOA
What's special
Corner three-family propertyDesirable southern exposureAbundant parkingThree spacious bedrooms
- 37 days
- 40
- 1
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Iliyan Padinkov 617-678-6400,
Coldwell Banker Realty - Boston 617-266-4430
Source: MLS PIN,MLS#: 73540783
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Features
- Basement: Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 2,719
- Total interior livable area: 2,719 sqft
- Finished area above ground: 2,719
Property
Parking
- Total spaces: 4
- Uncovered spaces: 4
Features
- Patio & porch: Enclosed, Patio
Lot
- Size: 4,155 Square Feet
- Features: Corner Lot
Details
- Parcel number: 750557
- Zoning: Res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family
Materials
- Foundation: Granite
- Roof: Shingle
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, Private School, Public School, T-Station
Location
- Region: Somerville
Financial & listing details
- Price per square foot: $623/sqft
- Tax assessed value: $1,563,200
- Annual tax amount: $17,164
- Date on market: 7/30/2026
- Total actual rent: 2000
Estimated market value
Not available
Estimated sales range
Not available
$2,901/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2026 | Pending sale | $1,695,000$623/sqft |
Source: MLS PIN #73540783 Report a problem | ||
| 7/2/2026 | Contingent | $1,695,000$623/sqft |
Source: MLS PIN #73540783 Report a problem | ||
| 6/24/2026 | Listed for sale | $1,695,000$623/sqft |
Source: MLS PIN #73540783 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,940 +5.5% | $1,461,000 +1.8% |
| 2024 | $15,105 +2.1% | $1,435,800 +0.4% |
| 2023 | $14,793 +5.4% | $1,430,700 +3.8% |
| 2022 | $14,035 +4.4% | $1,378,700 +4.5% |
| 2021 | $13,447 +8.2% | $1,319,600 +7.1% |
| 2020 | $12,429 +0.5% | $1,231,800 +7.2% |
| 2019 | $12,369 +7.5% | $1,149,500 +13% |
| 2018 | $11,508 +1.8% | $1,017,500 +5.1% |
| 2017 | $11,301 +2.4% | $968,400 +9.9% |
| 2016 | $11,040 | $881,100 |
Find assessor info on the county website
Monthly payment
Est. payment






