$10,000 Closing Credit¹
#73355882, Santana Team, Listing office: Keller Williams Realty Boston Northwest
$1,750,000 List price
5 Magnus Ave Somerville, MA 02143
$10,000
Closing credit¹
9 beds
3 full
3,573 sqft
0.07 acres
$490 / sqft
Multi-Family
Property details
About 5 Magnus Ave
Whether you're a savvy investor looking to expand your portfolio or an owner-occupant seeking rental income, don't miss this exceptional opportunity in one the most vibrant and connected neighborhoods. Prime investment opportunity in the heart of Somerville! This 3-family property offers roughly 3,600 sqft of living space across three spacious units, generating great rental income. Each unit features large living areas, in-unit dishwashers, and ample natural light, with 3 bedrooms and 1 bathroom per unit. 2 Off-street parking spots on a paved driveway add convenience. Located near Porter Square, Harvard University, Whole Foods, and public transportation, this property is perfect for investors or owner-occupants. Additional highlights include separately metered electric, natural gas heating, newer furnaces for all 3 units, vinyl siding, and a full basement with exterior access. Don’t miss this opportunity to own a high-income property in one of Somerville’s most desirable locations!
Highlights
Home typeMulti Family
StatusAccepting Backup Offers
(Contingent)
(Contingent)
Size3,573 sqft
BasementYes
Lot size0.07 Acres
Year built1920
ParkingPaved Drive, Off Street, On Street, Paved
MLS #73366478
Summary
- Full Bathrooms: 3
- Basement: Yes
- Flooring Type: Wood, Tile, Carpet
- Total Bedroom Count: 9
- Parking: Paved Drive, Off Street, On Street, Paved
- List Price: $1,750,000
- Price/SqFt: $489
- Annual Tax Amount: $16,497
- Tax Year: 2024
- Lot: Corner Lot
- Directions: Washinhgton St to Magnus Ave.
- Year Built: 1920
- Stories: 3
- Living Area: 3,573 SqFt
- Lot Size: 0.07 Acres
- MLS Number: 73366478
- MLS Name: MLS Property Information Network
- Office Name: Douglas Elliman Real Estate - The Sarkis Team
- Office Phone: (617) 875-4950
- Listing Agent: The Sarkis Team
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/25/2025, 12:55:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,750,000
5 Magnus Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,568,200 | $16,497 |
| 2023 | $1,558,700 | $16,117 |
| 2022 | $1,507,900 | $15,350 |
| 2021 | $1,446,000 | $14,735 |
| 2020 | $1,420,500 | $14,333 |
| 2019 | $1,229,000 | $13,224 |
History based on county public records data.
Nearby schools
8
Cambridgeport
Public District PK-5
0.7 mi
•89 Elm St
7
Maria L. Baldwin
Public District PK-5
0.7 mi
•85 Oxford St
4
King Open
Public District PK-5
0.8 mi
•850 Cambridge St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $100,169. Residents of Somerville, MA typically earn between $100k-200k each year. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
5%
<35k
45%
35k-100k
47%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
73%
Single, No Kids
3%
Single, with Kids
18%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
1%
12-17 yrs old
64%
18-34 yrs old
24%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Tennis
Art Museums
Where do the neighbors shop?
H&M
Crate & Barrel
Bloomingdales
Where do the neighbors go to eat?
Chipotle
Starbucks
Boston Market
What do the neighbors drive?
Volkswagen
BMW
Audi
What do the neighbors listen to?
Rhythmic Contemporary Hits
News- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5 Magnus Ave
The listing price of 5 Magnus Ave property is $1,750,000.
The property 5 Magnus Ave is a multi located in Somerville, Massachusetts, 02143.
Accepting Backup Offers: 5 Magnus Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 5 Magnus Ave are: Cambridgeport (GreatSchools Rating 8/10), Maria L. Baldwin (GreatSchools Rating 7/10), King Open (GreatSchools Rating 4/10), Albert F. Argenziano School at Lincoln Park (GreatSchools Rating 4/10), Cambridge Street Upper School (GreatSchools Rating 4/10), Winter Hill Community (GreatSchools Rating 4/10), Cambridge Rindge and Latin (GreatSchools Rating 6/10), Somerville High School (GreatSchools Rating 4/10), Prospect Hill Academy Charter School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $16,497 (source: MLS/based on county public records data).
The property 5 Magnus Ave is 3,573 SqFt (source: MLS/tax record).
The year of construction for 5 Magnus Ave is 1920.
This home is located at 5 Magnus Ave in Somerville, MA and zip code 02143 in the Cobble Hill / Ward 2 neighborhood. This 3,573 square foot home, which was built in 1920, sits on a 0.07 acre lot. Features: 9 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 30, 2025 and is currently priced at $1,750,000.
In May 2025 more than 34 listings in Somerville, MA were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 22 were sold below. The number of listings in Somerville, MA increased by 10% between April and May 2025. In May 2025, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,100,000.
From Rocket Homes Real Estate and based on county public records data.