53 Prescott St Somerville, MA 02143
Prospect Hill NeighborhoodEstimated payment $8,670/month
Total Views
2,574
5
Beds
2.5
Baths
2,941
Sq Ft
$476
Price per Sq Ft
Highlights
- Property is near public transit
- Park
- 3 Car Garage
- Somerville High School Rated A-
- Shops
- Bike Trail
About This Home
Investment Opportunity – Multi-Family Residential (MFR) Property in Somerville, Don’t miss this incredible opportunity to own a versatile multi-family home just minutes from the Green Line station and only 15 minutes from downtown Boston! This prime-location property includes 3 parking garages—a rare and valuable perk for urban living—and even has potential for an ADU (Accessory Dwelling Unit), offering additional income or flexible living space. With unbeatable access to public transit, strong rental potential, and proximity to shops, dining, and downtown amenities, this home is perfect for investors or homeowners seeking a high-value asset. Whether you're expanding your portfolio or seeking a property that generates a return on investment, this opportunity offers endless potential. Schedule your showing today—this won’t last long! Viewings commence from the open house.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,683
Year Built
- Built in 1870
Parking
- 3 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Duplex
- Block Foundation
- Shingle Roof
Interior Spaces
- 2,941 Sq Ft Home
- Property has 1 Level
- Unfinished Basement
Bedrooms and Bathrooms
- 5 Bedrooms
Location
- Property is near public transit
- Property is near schools
Additional Features
- 5,650 Sq Ft Lot
- 110 Volts
Listing and Financial Details
- Assessor Parcel Number 756598
Community Details
Amenities
- Shops
- Coin Laundry
Recreation
- Park
- Bike Trail
Additional Features
- 2 Units
- Net Operating Income $28,800
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,256 | $1,215,000 | $673,100 | $541,900 |
| 2024 | $12,683 | $1,205,600 | $673,100 | $532,500 |
| 2023 | $12,102 | $1,170,400 | $673,100 | $497,300 |
| 2022 | $11,397 | $1,119,500 | $641,000 | $478,500 |
| 2021 | $10,833 | $1,063,100 | $610,500 | $452,600 |
| 2020 | $10,229 | $1,013,800 | $587,000 | $426,800 |
| 2019 | $9,452 | $878,400 | $510,400 | $368,000 |
| 2018 | $8,762 | $774,700 | $464,100 | $310,600 |
| 2017 | $8,600 | $736,900 | $437,800 | $299,100 |
| 2016 | $8,431 | $672,900 | $400,300 | $272,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/22/2025 08/22/25 | Price Changed | $1,399,999 | -6.7% | $476 / Sq Ft |
| 08/07/2025 08/07/25 | For Sale | $1,499,999 | -- | $510 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $520,000 | -- | |
| Deed | $520,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Unknown | |
| Open | $270,000 | Unknown | |
| Closed | $45,000 | No Value Available | |
| Closed | $390,000 | No Value Available | |
| Closed | $400,000 | Purchase Money Mortgage | |
| Previous Owner | $416,000 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Somerville, MA
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73414834
APN: SOME-000062-B000000-000020
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.
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