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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Somerville, MA
Listed for sale 7 days ago
$ 799,900
ROI
20.6
Cash Flow/m
117- 2 Bed
- 2 Bath
- 932 sft
9 Kidder Ave #2, Somerville, MA, 02144
$ 649,000
ROI
20.8Cash Flow/m
126- 2 Bed
- 2 Bath
- 910 sft
37-39 Bond St, Somerville, MA, 02145
Currently Rented
Fix & Flip
$ 399,000
ROI
26.8Cash Flow/m
783- 1 Bed
- 1 Bath
- 640 sft
474 Broadway APT 25, Somerville, MA, 02145
$ 469,000
ROI
19.8Cash Flow/m
2- 2 Bed
- 1 Bath
- 835 sft
84 Grant St APT 7, Somerville, MA, 02145
Why Invest in Somerville, Massachusetts?
Investing in condo properties in Somerville, MA offers great opportunities thanks to its vibrant economy and strong rental demand. The average ROI for condos here is competitive, typically around 7%, with rental yields near 5%. Appreciation rates remain steady, driven by urban renewal and proximity to Boston. Cap rates for condos average about 4.5%, delivering solid cash flow for investors looking for stable returns. High renter occupancy rates above 85% support consistent rental income.
7%
Avg. ROI
5%
Rental Yield
4.5%
Cap Rate
$1500/mo
Avg. Cash Flow
$2800/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield for condos in Somerville is approximately 5%, reflecting strong rental demand and steady market conditions.
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