#73366789, Santana Team, Listing Office: Keller Williams Realty Boston Northwest
5 Magnus Ave Somerville, MA 02143
Property details
About 5 Magnus Ave
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
(New)
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: $1,995,000
- Price/SqFt: $558
- Annual Tax Amount: $16,497
- Tax Year: 2024
- Lot: Corner Lot
- Directions: Washinhgton St to Magnus Ave.
- Year Built: 1920
- Stories: 6
- 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
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2025, 5:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,995,000
5 Magnus Ave
$10,000
closing credit¹
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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. Typical income of Somerville, MA residents is between $100k-200k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
Similar homes for sale
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 $1,995,000.
While more than 23 listings in Somerville, MA in March 2025 were sold above asking price, there were more than 5 listings sold at asking price, and more than 14 were sold below. Between February and March 2025, Somerville, MA real estate market has seen increase in the number of listings by 38.8%. In March 2025 median list price was $1,105,400 and the average listing age was 49 days.