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237 Highland Ave 5,095 SF 100% Leased Retail Building Somerville, MA 02143 $2,475,000 ($485.77/SF) 6.19% Cap Rate
Executive Summary
237 Highland Avenue — mixed-use investment in Somerville’s desirable Spring Hill neighborhood, minutes from Davis Square and Porter Square. 8,176 SF (gross) building, two street-level commercial storefronts (currently leased to a nail salon and tailor), four residential units (2 one-bedrooms, 1 studio, 1 four-bedroom). Residential units leased through August 2027. Easy access to I-93, Boston, Cambridge, and public transportation — an attractive, income-producing opportunity for investors in one of Somerville’s most sought-after submarkets.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,095 SF
Building Class
C
Year Built
1900
Price
$2,475,000
Price Per SF
$485.77
Cap Rate
6.19%
NOI
$153,318
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.52
Lot Size
0.08 AC
Zoning
MR3
Frontage
41’ on Highland Ave
Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
70/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | SOME-000034-E000000-000045 | Total Assessment | $1,833,200 |
| Land Assessment | $464,800 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,368,400 | Tax Year | 2025 |
Property Taxes
Parcel Number
SOME-000034-E000000-000045
Land Assessment
$464,800
Improvements Assessment
$1,368,400
Total Assessment
$1,833,200
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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237 Highland Ave
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