Offered for sale, 237 Highland Avenue presents a rare mixed-use investment opportunity in Somerville's desirable Spring Hill neighborhood, conveniently located close to Davis Square and Porter Square. The property comprises 8,176 square feet (gross area) and includes two street-level commercial storefronts (currently occupied by a nail salon and tailor) along with four residential units consisting of two one-bedroom apartments, one studio apartment, and one four-bedroom apartment. All residential units are leased through August 2027, providing stable income. The property benefits from a strong rent roll and a highly accessible location with convenient access to Route 93, Boston, Cambridge, and public transportation. A compelling opportunity for investors seeking a well-located, income-producing asset in one of Somerville's most sought-after neighborhoods.
For sale
Price cut: $275K (8/17)
$2,200,000
237 Highland Ave, Somerville, MA 02143
6beds
6,020sqft
5-9 Family
Built in 1900
-- sqft lot
$-- Zestimate®
$365/sqft
$-- HOA
What's special
Two street-level commercial storefronts
- 72 days |
- 159 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Shane Marrion 617-750-6378,
Benoit Real Estate Group ,LLC 617-764-5590,
Jay Najarian 781-929-1505
Source: MLS PIN,MLS#: 73536580
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Features
- Flooring: Wood, Tile
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 6,020
- Total interior livable area: 6,020 sqft
- Finished area above ground: 6,020
Property
Lot
- Size: 3,333 Square Feet
- Features: Level
Details
- Parcel number: M:0034 B:000E L:0045,752346
- Zoning: MR3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Frame
- Foundation: Concrete Perimeter
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Gas Oven
Community & HOA
Community
- Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access
Location
- Region: Somerville
Financial & listing details
- Price per square foot: $365/sqft
- Tax assessed value: $1,908,800
- Annual tax amount: $28,451
- Date on market: 6/16/2026
- Total actual rent: 10850
Estimated market value
Not available
Estimated sales range
Not available
$2,714/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/17/2026 | Price change | $2,200,000-11.1%$365/sqft |
Source: MLS PIN #73536580 Report a problem | ||
| 6/16/2026 | Listed for sale | $2,475,000+72.4%$411/sqft |
Source: MLS PIN #73536580 Report a problem | ||
| 4/30/2026 | Listing removed | $2,600 |
Source: Zillow Rentals Report a problem | ||
| 4/9/2026 | Listed for rent | $2,600+10.6% |
Source: Zillow Rentals Report a problem | ||
| 5/6/2025 | Listing removed | $2,350 |
Source: Zillow Rentals Report a problem | ||
| 4/15/2025 | Listed for rent | $2,350+4.4% |
Source: Zillow Rentals Report a problem | ||
| 3/21/2019 | Listing removed | $2,250 |
Source: Zillow Rental Manager Report a problem | ||
| 2/27/2019 | Listed for rent | $2,250 |
Source: Zillow Rental Manager Report a problem | ||
| 8/25/2016 | Sold | $1,435,200-7.4%$238/sqft |
Source: Public Record Report a problem | ||
| 1/13/2016 | Listed for sale | $1,550,000$257/sqft |
Source: RE/MAX Leading Edge #71943672 Report a problem | ||
| 1/5/2016 | Pending sale | $1,550,000$257/sqft |
Source: RE/MAX Leading Edge #71943672 Report a problem | ||
| 12/29/2015 | Listed for sale | $1,550,000+40.9%$257/sqft |
Source: RE/MAX Leading Edge #71943672 Report a problem | ||
| 6/5/2011 | Listing removed | $1,100,000$183/sqft |
Source: The Norton Group, Inc. #70596254 Report a problem | ||
| 1/18/2011 | Listed for sale | $1,100,000$183/sqft |
Source: Donald Norton #70596254 Report a problem | ||
| 7/31/2010 | Listing removed | $1,100,000$183/sqft |
Source: Donald Norton #70596254 Report a problem | ||
| 7/25/2008 | Listed for sale | $1,100,000$183/sqft |
Source: Donald Norton #70596254 Report a problem | ||
| 12/7/2007 | Listing removed | $1,100,000$183/sqft |
Source: ERA #70596254 Report a problem | ||
| 11/12/2007 | Listed for sale | $1,100,000+323.1%$183/sqft |
Source: ERA #70596254 Report a problem | ||
| 6/26/1997 | Sold | $260,000$43/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $1,833,200 +2.3% |
| 2024 | -- | $1,791,500 +1.8% |
| 2023 | -- | $1,760,200 +3.1% |
| 2022 | -- | $1,706,700 +5.2% |
| 2021 | -- | $1,622,900 +6.2% |
| 2020 | -- | $1,528,400 +3.6% |
| 2019 | -- | $1,475,500 +16.1% |
| 2018 | -- | $1,271,100 +30.4% |
| 2017 | -- | $974,700 +13.4% |
| 2016 | -- | $859,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Spring Hill
Nearby schools
GreatSchools rating
- 8/10John F. Kennedy Elementary SchoolGrades: PK-8Distance: 0.4 mi
- 6/10Somerville High SchoolGrades: 9-12Distance: 0.8 mi
- 8/10Benjamin G. Brown SchoolGrades: K-5Distance: 0.5 mi
- $--1 bd1 ba700 sqft237 Highland Ave #3L, Somerville, MA 02143Off Market
- $--2 bd1 ba775 sqft237 Highland Ave #2R, Somerville, MA 02144Off Market
- $--1 bd1 ba100 sqft237 Highland Ave #3L, Somerville, MA 02144Off Market
- $---- bd-- ba-- sqft237 Highland Ave #22, Somerville, MA 02143Off Market
- $--1 bd1 ba600 sqft237 Highland Ave #3R, Somerville, MA 02143Off Market
- $1,605,0006 bd3 ba3.2k sqft239 Highland Ave, Somerville, MA 02143Sold
- $--1 bd1 ba580 sqft239 Highland Ave #18, Somerville, MA 02143Off Market
- $--2 bd1 ba900 sqft239 Highland Ave #2R, Somerville, MA 02143Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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