Welcome to 23 Ossipee Rd, a well-maintained three-unit multi-family property ideally located a stones throw away from Tufts University. This turnkey investment currently generates $10,000 per month in rental income, with rent increases already signed for as early as June 1 2026, making it a strong addition to any portfolio - or an excellent opportunity for an owner-occupant looking to offset living costs with steady rental income. The property consists of two spacious 1-bedroom units and one large 4-bedroom unit, each offering in-unit laundry and well-kept interiors. Tenants enjoy multiple outdoor decks/spaces, bright natural light, and comfortable layouts that make the building easy to rent and manage.Outside, the property features off-street parking for up to three cars, a valuable asset in this sought-after Somerville neighborhood. With its strong rental history, stable income stream, 23 Ossipee Rd presents a rare blend of convenience, location, and financial upside.
For sale
$1,900,000
23 Ossipee Rd, Somerville, MA 02144
6beds
3,386sqft
Est.:
3 Family - 3 Units Up/Down
Built in 1920
-- sqft lot
$1,829,100 Zestimate®
$561/sqft
$-- HOA
What's special
Comfortable layoutsIn-unit laundryWell-kept interiorsBright natural light
- 33 days |
- 480 |
- 22 |
Zillow last checked: 8 hours ago
Listing updated: November 17, 2025 at 12:08am
Listed by:
Alexander Jafry 978-602-4030,
Sterling Beacon Hill 617-785-6188
Source: MLS PIN,MLS#: 73454781
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 3,386
- Total interior livable area: 3,386 sqft
- Finished area above ground: 3,386
Property
Parking
- Total spaces: 3
- Parking features: Paved Drive
- Uncovered spaces: 3
Lot
- Size: 9,999 Square Feet
Details
- Parcel number: 748429
- Zoning: RES
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 3 Family - 3 Units Up/Down
Materials
- Foundation: Stone
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Somerville
Financial & listing details
- Price per square foot: $561/sqft
- Tax assessed value: $1,651,000
- Annual tax amount: $18,722
- Date on market: 11/21/2025
- Total actual rent: 10000
Estimated market value
$1,829,100
$1.74M - $1.92M
$5,336/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/13/2025 | Listed for sale | $1,900,000+45%$561/sqft |
Source: MLS PIN #73454781 Report a problem | ||
| 8/10/2018 | Sold | $1,310,000$387/sqft |
Source: Public Record Report a problem | ||
| 4/20/2018 | Price change | $1,310,000-6.4%$387/sqft |
Source: Elite Realty #72301373 Report a problem | ||
| 4/2/2018 | Listed for sale | $1,399,000+133.2%$413/sqft |
Source: Elite Realty #72301373 Report a problem | ||
| 7/30/2001 | Sold | $600,000$177/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,012 +6.4% | $1,651,000 +2.6% |
| 2024 | $16,931 +2.3% | $1,609,400 +0.6% |
| 2023 | $16,549 +4.8% | $1,600,500 +3.2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$11,973/mo
Principal & interest
$9709
Property taxes
$1599
Home insurance
$665
Climate risks
Neighborhood: Davis Square
Nearby schools
GreatSchools rating
- 5/10West Somerville Neighborhood SchoolGrades: PK-8Distance: 0.3 mi
- 6/10Somerville High SchoolGrades: 9-12Distance: 1.8 mi
- 8/10Benjamin G. Brown SchoolGrades: K-5Distance: 0.6 mi
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