$10,000 Closing Credit¹
#73366789, Santana Team, Listing Office: Keller Williams Realty Boston Northwest
$1,850,000 List price
5 Magnus Ave Somerville, MA 02143
$10,000
Closing credit¹
9 beds
3 full
3,573 sqft
0.07 acres
$518 / 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
StatusActive
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: $1,850,000
- Price/SqFt: $517
- 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
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: 5/25/2025, 7:20:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,850,000
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. The most common annual income of people living in Somerville, MA is between $100k-200k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
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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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 $1,850,000.
In April 2025, from all listings sold in Somerville, MA there were more than 24 sold above asking price, over 13 sold below and more than 4 were sold right at the asked price. Between March and April 2025, Somerville, MA real estate market has seen increase in the number of listings by 20.2%. Listings spent 25 days on the market in April 2025, and had a median list price of $1,100,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.