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INVESTMENT SNAPSHOT
About this property
Opportunities like this are becoming increasingly rare. For the first time in generations, this cherished , well maintianed, three-family home is ready for its next chapter. Set in a prime Somerville location, 126 Summer Street has been lovingly maintained and offers the flexibility today's buyers are looking for, whether as an investment, owner-occupied property, or multigenerational home. Three spacious units, off-street parking for three vehicles and an inviting outdoor entertaining area with an oversized gazebo, make this a standout opportunity. Recent improvements include upgraded electrical with a separate fire alarm meter and newer heating systems serving the first and third floors. Looking for even greater potential? The adjacent three-family at 130 Summer Street is also available, offering a unique opportunity to own six units side by side in one of Somerville's most desirable neighborhoods.
Property details
| Units | 3 |
| Living area | 3,688 sqft |
| Lot size | 4,800 sqft |
| Year built | 1900 |
| Price / sqft | $360 |
| County | Middlesex |
| MLS # | 73516983 |
Listing status
| Days on market | 115 days |
| Listed on | May 12, 2026 |
Taxes & financials
| Annual property tax | $13,824 |
| Tax year | 2026 |
| Assessed value | $1,259,000 |
| Zoning | RB |
| Gross income (actual) | $63,900/yr |
| Net operating income (actual) | $63,900/yr |
| Total actual rent | $5,325/mo |
Building & lot
| Stories | 3 |
| Total rooms | 15 |
| Lot size | 0.11 acres |
| Garage spaces | 0 |
| Parking spaces | 3 |
| Parking | Paved Drive, Off Street |
| Basement | Full, Unfinished |
| Foundation | Brick/Mortar |
| Roof | Shingle |
| Construction | Frame |
| Flooring | Wood, Tile, Hardwood |
Utilities & systems
| Heating | Baseboard, Natural Gas, Forced Air |
| Cooling | None |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup |
| Appliances | Range, Refrigerator, Washer, Dryer, Dishwasher, Microwave |
Location
More about investing in Somerville →
Listing courtesy of Leading Edge Real Estate — Melanie Lentini. Listing data © MLS PIN.
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Questions & answers
Answered from the listing data and public map data.
How many units does 126 Summer St, Somerville MA 02143 have?
It is a 3-unit multi-family property with 3,688 sqft of living area, built in 1900.
How long was 126 Summer St, Somerville MA 02143 on the market before it sold?
126 Summer St, Somerville MA 02143 sold after about 169 days on the market (listed May 12, 2026, closed October 28, 2026).
What is the estimated cap rate on this 3-family in Somerville?
Based on area median rents, the estimated cap rate is about 4.3%, with a Signal Score of 77/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,595,000 across 3 units, that works out to roughly $531,667 per unit.
What are the property taxes on 126 Summer St, Somerville MA 02143?
Annual property taxes are $13,824 (2026), on an assessed value of $1,259,000.
What is the price per square foot?
At $1,595,000 for 3,688 sqft, that's about $360 per square foot.
Is there parking?
3 total parking spaces (paved drive, off street).
Where is this property located?
126 Summer St, Somerville MA 02143 is in Somerville, Middlesex County, MA 02143.
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