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Off market
  • $1,486,600

    38 Madison St, Somerville, MA 02143

    6beds
    3,090sqft
    MultiFamily
    Built in 1900
    -- sqft lot
    $1,486,600 Zestimate®
    $481/sqft
    $4,171 Estimated rent

    Home value

    $1,486,600

    $1.38M - $1.61M

    $4,171/mo

    Zestimate® history
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    Owner options

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    $4,171/mo

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    $4,171/mo

    Rent Zestimate®

    Refinance and save

    $9,469/mo

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    $9,469/mo

    Est. payment

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    What's special

    ATTENTION Investors and End-Users! This great, well-maintained multi-family home in Somerville gets SOLID rents with room to improve! Parallel with Highland Ave, Madison Street is moments away from ample public transportation resources, highway access, great shops/restaurants, Somerville City Hall & High School as well as the future GILMAN SQ Green Line T stop! These BIG units make for happy renters. Open floor plans, nice appliances, ceiling fans, fireplaces and front and rear porches make for great city living. Recently painted interior. Laundry in the basement with space to store items. This area boasts ample resident street parking and the large driveway gets the cars off the street. With some improvement you could enjoy many possible uses for the large 3 car garage. Opportunity awaits!

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Other, Gas
    Features
    • Flooring: Hardwood
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 3,090 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Off-street
    Features
    • Exterior features: Other
    Lot
    • Size: 4,356 Square Feet
    Details
    • Parcel number: SOMEM50BFL6

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Other
    Condition
    • Year built: 1900

    Community & HOA

    Location
    • Region: Somerville

    Financial & listing details

    • Price per square foot: $481/sqft
    • Tax assessed value: $1,261,200
    • Annual tax amount: $13,760

    Price history

    DateEventPrice
    12/28/2018Sold$1,100,000-4.3%$356/sqft
    Source: Public Record Report a problem
    12/21/2018Pending sale$1,150,000$372/sqft
    Source: Berkshire Hathaway HomeServices Commonwealth Real Estate #72407846 Report a problem
    11/19/2018Price change$1,150,000-3.8%$372/sqft
    Source: Berkshire Hathaway HomeServices Commonwealth Real Estate #72407846 Report a problem
    11/8/2018Listed for sale$1,195,000$387/sqft
    Source: Berkshire Hathaway HomeServices Commonwealth Real Estate #72407846 Report a problem
    10/29/2018Pending sale$1,195,000$387/sqft
    Source: ePlace #72407846 Report a problem
    10/9/2018Listed for sale$1,195,000+132%$387/sqft
    Source: ePlace #72407846 Report a problem
    12/30/2003Sold$515,000$167/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$13,760 +4.8%$1,261,200 +1%
    2024$13,130 +5.9%$1,248,100 +4.1%
    2023$12,396 +6%$1,198,800 +4.4%
    2022$11,689 +5.3%$1,148,200 +5.4%
    2021$11,096 +6.3%$1,088,900 +5.2%
    2020$10,442 +21.8%$1,034,900 +29.9%
    2019$8,571 +8.9%$796,600 +14.5%
    2018$7,867 +1.7%$695,600 +4.9%
    2017$7,736 +2%$662,900 +9.5%
    2016$7,583 $605,200
    Find assessor info on the county website

    Neighborhood: Central Hill

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,486,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,486,600