$1,995,000

5 Magnus Ave Somerville, MA 02143

$10,000
Closing credit¹
9 beds
3 full
3,573 sqft
0.07 acres
$558 / sqft
Multi-Family

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

Home typeMulti Family
StatusActive
(New)
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: $1,995,000
  • 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

IDX 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: 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.

Get an agent. Get a mortgage. Save big.¹

view of front of home

$1,995,000

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

YearAssessmentProperty 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.

All data from GreatSchools

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.

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 ConcertsMusic Concerts
  • TennisTennis
  • Art MuseumsArt Museums

Where do the neighbors shop?

  • H&MH&M
  • Crate & BarrelCrate & Barrel
  • BloomingdalesBloomingdales

Where do the neighbors go to eat?

  • ChipotleChipotle
  • StarbucksStarbucks
  • Boston MarketBoston Market

What do the neighbors drive?

  • VolkswagenVolkswagen
  • BMWBMW
  • AudiAudi

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • NewsNews
  • AlternativeAlternative
All data provided by Home Junction and Claritas

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.

From Rocket Homes Real Estate and based on county public records data.

More resources