
185-187 Lowell Street Somerville — Photo 1 of 34
$1,700,000
Somerville, MA 02144
Beds
6
Baths
6
SqFt
3,621
Style
5-9 Family
Built
1900
Legal six family apartment building in desirable location just 2/10 mile near new Green Line T stop at Magoun station and 9/10 mile to Porter Square Red Line T Station. This property is a great investment opportunity with annual rents totaling $136,000 per year. Five units are one bedroom apartments and one unit is a studio apartment. All with gas cooking and gas heat. There are coin operated laundry machines in basement and a good size yard. Five of the six units are currently rented with leases expiring 8/31/27 and we are keeping one unit empty to facilitate showings.
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Somerville, MA.
25,448
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
$150K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
63.4%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
Listing Agent: Lori Orchanian
Listing Office: Coldwell Banker Realty - Belmont
MLS® Number: 73555712
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