Rare opportunity in prime Somerville! 116 Prospect St, a three-unit multi-family offers exceptional value for both investors and owner-occupants. Ideally located just minutes from Union Square (and the Green Line) in Somerville and Cambridge’s Inman Square, this property offers unbeatable convenience. Each unit includes private laundry and dedicated storage, garage parking for all three units, plus five additional off-street parking spots. Enjoy private balconies for each unit, full living and dining rooms in the second and third floor units, as well as bonus rooms perfect for a home office or guest space. The updated first-floor unit features two bedrooms and modern finishes. A smart investment in a vibrant, connected neighborhood. Property being sold AS IS for seller's convenience.
Sold for $1,565,000
$1,565,000
116 Prospect St, Somerville, MA 02143
4beds
2,970sqft
3 Family - 3 Units Up/Down
Built in 1900
-- sqft lot
$1,575,400 Zestimate®
$527/sqft
$4,261 Estimated rent
Home value
$1,575,400
$1.47M - $1.70M
$4,261/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 04, 2025 at 08:25am
Listed by:
Michael O'Brien 617-286-2768,
ERA Key Realty Services- Fram 508-879-4474
Bought with:
Michael O'Brien
ERA Key Realty Services- Fram
Source: MLS PIN,MLS#: 73396107
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Hot Water
Cooling
- Window Unit(s)
Appliances
- Included: Range, Refrigerator, Washer, Dryer
- Laundry: Gas Dryer Hookup, Electric Dryer Hookup
Features
- Ceiling Fan(s), Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Office/Den
- Flooring: Wood, Carpet, Laminate
- Basement: Full,Interior Entry,Concrete,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,970
- Total interior livable area: 2,970 sqft
- Finished area above ground: 2,970
Property
Parking
- Total spaces: 8
- Parking features: Paved Drive, Off Street
- Garage spaces: 3
- Uncovered spaces: 5
Features
- Exterior features: Balcony
Lot
- Size: 4,680 sqft
- Features: Level
Details
- Parcel number: M:83 B:B L:23,759399
- Zoning: RB
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family - 3 Units Up/Down
Materials
- Frame
- Foundation: Concrete Perimeter
- Roof: Rubber
Condition
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Gas Oven, for Gas Dryer, for Electric Dryer
Community & neighborhood
Community
- Community features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Highway Access, House of Worship, T-Station
Location
- Region: Somerville
HOA & financial
Other financial information
- Total actual rent: 0
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2025 | Sold | $1,565,000-2.2%$527/sqft |
Source: MLS PIN #73396107 Report a problem | ||
| 6/28/2025 | Contingent | $1,600,000$539/sqft |
Source: MLS PIN #73396107 Report a problem | ||
| 6/25/2025 | Listed for sale | $1,600,000$539/sqft |
Source: MLS PIN #73396107 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,972 +5.9% | $1,280,700 +2.1% |
| 2024 | $13,192 +2.3% | $1,254,000 +0.5% |
| 2023 | $12,897 +5.1% | $1,247,300 +3.5% |
Find assessor info on the county website
Neighborhood: Union Square
Nearby schools
GreatSchools rating
- 5/10Albert F. Argenziano School At Lincoln ParkGrades: PK-8Distance: 0.3 mi
- 6/10Somerville High SchoolGrades: 9-12Distance: 0.8 mi
- NACapuano Early Childhood CenterGrades: PK-1Distance: 0.7 mi
Get a cash offer in 3 minutes
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Estimated market value$1,575,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,575,400