New Boston Investment Property.

205 College Ave, Somerville
$2,288,000
11 Beds ⋅ 5 Baths ⋅ 73589869 MLS
Exceptional Three-Family Investment Opportunity Directly Across from Tufts University!Ideally situated on highly desirable College Avenue, this well-maintained three-family property offers 11 bedrooms, 5 bathrooms, and an outstanding opportunity to acquire an established income-producing investment property in one of Somerville’s most sought-after rental locations.Currently generating $167,100 in annual rental income for 2026–2027, with contracted income increasing to $170,700 for 2027–2028, the property is leased through May 2028, providing immediate cash flow and income stability, with leases extending through May 2028. With two units renewed at existing rental rates, there is additional potential for future rental growth.Proudly owned and maintained by the same owner for over 32 years, this property has enjoyed a longstanding history of consistent occupancy and dependable rental income. The features include updated kitchens and bathrooms, beautiful hardwood floors, inviting front and rear porches, basement laundry facilities, generous storage space, and off-street tandem parking for at least three vehicles. New windows — 2023 and New Chimney liners.An additional investment advantage is the property's separately metered utilities. Each apartment has separate gas, electric, and water meters, along with individual heating and hot water systems. Tenants pay their own gas and electricity, while water usage is billed by the owner based on individual unit meter readings. This arrangement helps minimize owner-paid operating expenses.The location is truly exceptional—directly across from Tufts University and just a short distance from the Medford/Tufts Green Line station and the Joyce Cummings Center. Nearby university athletic and recreational facilities, vibrant Davis Square, Red Line connections, and convenient access to I-93 and downtown Boston further enhance the property's appeal.An outstanding opportunity to acquire a well-maintained, established investment property combining a premier university location, strong rental history, contracted rental income, and potential for future growth.

205 College Ave, Somerville

Listing courtesy of Listing Agent: Rajendra Sunuwar from Listing Office: Keller Williams Realty.

42 Pearl St, Everett
$1,150,000
6 Beds ⋅ 3 Baths ⋅ 73589145 MLS
An outstanding opportunity for investors and owner-occupants alike! This well-maintained three-family offers approximately 3,537 sq ft of living space, excellent income potential, and a convenient location near the Malden line. With the second-floor apartment vacant, buyers can move right in while collecting rental income from two occupied units or lease all three as an investment. Each spacious apartment features 2+ bedrooms, one full bath, high ceilings, abundant natural light, a functional layout, and rear porch. Additional highlights include separate utilities and heating systems, laundry, and basement access. Recent improvements include fresh paint and carpeting in the common hallway and newly painted Unit 2. All three units have Letters of Full Compliance dated 2019 or 2020 (See attachments). A generous driveway accommodates approximately 4–5 vehicles and leads to a garage with potential for two-car parking with improvements. Ideally located just off Main Street, near neighborhood shops, restaurants, MBTA bus service connecting to the Orange Line, and convenient access to Route 93, downtown Boston, and Logan Airport. Approximately one mile from Encore Boston Harbor. Whether expanding your investment portfolio or seeking the financial benefits of owner-occupied multifamily living, 42 Pearl Street offers exceptional flexibility and opportunity!

42 Pearl St, Everett

Listing courtesy of Listing Agent: The Margie and Jon Team from Listing Office: Gibson Sotheby's International Realty.

22 Arlington Avenue, Revere
$1,050,000
8 Beds ⋅ 3 Baths ⋅ 73588666 MLS
Enjoy coastal living and everyday convenience at 22 Arlington Avenue! This three family home offers 8 bedrooms, 3 full baths, parking for 3 cars and some ocean views. A great opportunity for an investor or an owner occupant looking to live in one unit and use rental income from the others to help offset mortgage expenses. Tucked away from the hustle and bustle, yet close to everyday conveniences, the property is within walking distance of Revere Beach and near the T, bus service, grocery stores, shopping, dining and major routes. A generously sized backyard provides space for outdoor activities, gardening and relaxing, and each unit has its own rear porch. Two updated units add to the appeal. Unit 1 features a kitchen with a dishwasher and a separate dining room, while Units 2 and 3 offer eat in kitchens with adjoining pantries. Interior features include a mix of hardwood, tile, laminate and linoleum flooring, plus recessed lighting and ceiling fans with lights in select units. The basement provides ample storage. Improvements include updated electrical wiring and panels, a rubber roof, replacement windows, two updated bathrooms, a newer third floor heating system and a second floor water heater replaced in September 2026. All units have gas heat. See the property feature sheet for additional details and approximate ages of improvements. One property, three units, plenty of potential! Join us for group showings on October 10 and Oct 11th.

22 Arlington Avenue, Revere

Listing courtesy of Listing Agent: Evelyn Rockas from Listing Office: Coldwell Banker Realty - Lynnfield.

Start Your Search

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

How much is your home worth?

Get instant property value now!