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    23 Ossipee Rd Somerville, MA 02144

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    For Sale
    $1,900,000

    Three-unit property near Tufts University with strong rental income.

    Lot size:
    0.23 Acres

    Property Features for 23 Ossipee Rd

    General Information

    Lot size
    0.23 Acres

    Building Details

    Year built
    1920

    Source: Sterling Beacon Hill Agent Alexander Jafry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Somerville Multifamily Investment Opportunity

    Located a short distance from Tufts University, 23 Ossipee Rd is a well-maintained three-unit multifamily property. This investment property generates $10,000 per month in rental income. Rent increases are already signed for as early as June 1, 2026. The property includes two 1-bedroom units and one 4-bedroom unit, each with in-unit laundry and well-kept interiors. The tenants have access to multiple outdoor decks and spaces, bright natural light, and comfortable layouts. Off-street parking is available for up to three cars. The property offers a blend of convenience, location, and financial upside.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1225453
    Latitude
    42.403481

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    FAQs

    What type of property is this?
    Triplex - Three-unit property near Tufts University with strong rental income.
    Where is this triplex located?
    The property is located at 23 Ossipee Rd Somerville, MA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - High rental income of $10,000 per month with scheduled rent increases starting June 1, 2026.; - Prime location near Tufts University, ensuring consistent tenant demand.; - Turnkey investment property, ready for immediate income generation.
    (978) 602-4030
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23 Ossipee Rd Somerville, MA 02144
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