aisellshomes.space

$1,800,000

New

70 Columbus Ave

Somerville, MA, 02143

Multi-Family · MLS #73580288

Price/sqft

$476

Days on market

3 days

Year built

1900

Lot size

0.14 ac

5 full

Baths

3,782 sq ft

Sq Ft

0.14 acres

Lot

1900

Year Built

Taxes: $17,715 (2026)

About this home

The multi-family investment property located at 70 Columbus Ave in Somerville, MA (the “Property”) is a multi-story building containing five (5) 1-Bedroom/1-Bathroom units with 3,782 square feet of gross living area in 5,878 square feet of gross area. The Property is situated upon a 0.14-acre parcel and features three (3) tandem parking spaces. The historic building has been exceptionally cared for and features large recently updated apartments, providing residents with a desirable blend of character and modern convenience in a sought-after sub-market, minutes from the new Union Square MBTA Train Station. The Property benefits from recent significant capital improvements, including the installation of six new Burnham boilers in 2019, a new roof and extensive exterior maintenance in 2022, the replacement of approximately half of the building's windows in 2025, and a brand-new landlord-owned coin-operated laundry in 2026. The Property also offers meaningful value-add opportunity through below market rents. A full-height basement unit currently generates no income and may present future opportunities for additional revenue. The large driveway is also underutilized and can accommodate at least three off street parking spaces, creating supplemental parking income.

Location

70 Columbus Ave, Somerville, MA, 02143

Property details

Basement
Full, Partially Finished

Listed by Tess Kohanski · Horvath & Tremblay

Schedule a showing

70 Columbus Ave

By submitting you agree to be contacted by Antonio Illas.

Estimated payment

$11,758 / month

Down payment20% · $360,000
Interest rate6.95%

Loan term

Principal & interest
$9,532
Property tax
$1,476
Home insurance
$750

Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses listed taxes.

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