Sold for $1,560,000

$1,560,000

16 Electric Ave, Somerville, MA 02144

6beds

3,113sqft

Multi Family

Built in 1900

-- sqft lot

$1,746,800 Zestimate^®

$501/sqft

$4,322 Estimated rent

Home value

$1,746,800

$1.59M - $1.94M

$4,322/mo

Zestimate^® history

Owner options

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$4,322/mo

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$4,322/mo

Rent Zestimate^®

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$9,758/mo

Est. payment

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$9,758/mo

Est. payment

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What's special

Back deckSituated on electric avenue

-Located in the heart of Somerville, this stunning Multi-Family Home offers an exceptional investment opportunity in a prime location. With over 3,100 square feet of living space, this property is truly a gem. One of the most enticing features of this property is its perfect location. Situated on Electric Avenue, you'll find yourself just steps away from Davis Square, Ball Square, Tufts University, Teele Square, and the Red and Green Line T Stops. In addition to its superb location, this property offers fantastic amenities and features. With 6+ bedrooms (Possibility to convert to 9 Bedrooms), and 2.5 bathrooms, there is ample space for everyone. Beautiful hardwood flooring, a washer and dryer in unit for added convenience. Step outside onto the back deck, and enjoy the beautiful views of Boston Skylights. With a driveway that can accommodate up to 2 cars, parking will never be an issue for you or your guests. this property presents a fantastic investment opportunity.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Features

Basement: Full
Has fireplace: No

Interior area

Total structure area: 3,113
Total interior livable area: 3,113 sqft

Property

Parking

Total spaces: 2
Parking features: Paved Drive
Uncovered spaces: 2

Features

Has view: Yes
View description: City View(s)

Lot

Size: 3,150 sqft

Details

Parcel number: 748475
Zoning: RA

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Foundation: Block

Condition

Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & neighborhood

Location

Region: Somerville

HOA & financial

Other financial information

Total actual rent: 6150

Price history

Date	Event	Price
6/3/2024	Sold	$1,560,000+4%$501/sqft
Source: MLS PIN #73218272 Report a problem
4/9/2024	Contingent	$1,500,000$482/sqft
Source: MLS PIN #73218272 Report a problem
4/1/2024	Listed for sale	$1,500,000$482/sqft
Source: MLS PIN #73218272 Report a problem
10/8/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
9/7/2021	Listed for rent	$2,700$1/sqft
Source: Zillow Rental Manager Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$15,209 +4.7%	$1,394,000 +0.9%
2024	$14,530 +5.4%	$1,381,200 +3.6%
2023	$13,780 +6.2%	$1,332,700 +4.5%
2022	$12,981 +3.1%	$1,275,100 +3.2%
2021	$12,586 +3.6%	$1,235,100 +2.6%
2020	$12,144 +5.8%	$1,203,600 +12.9%
2019	$11,476 +8.6%	$1,066,500 +14.1%
2018	$10,568 +1.9%	$934,400 +5.1%
2017	$10,373 +3.4%	$888,900 +11%
2016	$10,034	$800,800