new - 6 days on rocket

74 Franklin St, Somerville, MA, 02145

$1,680,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
4 Full Baths
3,149 SqFt
$534/SqFt
Multi

Location

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74 Franklin St, Somerville$1,680,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOff Street, On Street, Driveway
Year Built1890
BasementYes
MLS #73324402
Lot Size0.10 Acres
StatusActive

About 74 Franklin St

Attention developers, landlords, and owner occupants - Four unit multi family property in Somerville. Seven bedrooms, four bathrooms, and 5+ parking spaces. Great location and short distance to the Green Line & Orange Line trains, you'll enjoy easy access to all that Somerville and Greater Boston have to offer. The building is currently vacant, presenting a fantastic opportunity for condominium conversion, renovation, or rental income. Unit 1 is a three bedroom, one bathroom, living room, and eat in kitchen. Unit 2 is a one bedroom, one bathroom, living room, and eat in kitchen. Unit 3 is a one bedroom, one bathroom, and eat in kitchen. Unit 4 is a two bedroom, one bathroom, living room, and eat in kitchen. Utilities, systems, and laundry in basement. Open House Saturday 1/11 12-130 and Sunday 1/12 12-130.

Property Details

Property Features

Property Information:

  • Year Built: 1890
  • Living Area: 3,149 SqFt

Listing Office:

  • Office Name: Red Tree Real Estate
  • Office Phone: (617) 487-8015
  • Listing Agent: Nicole Stabnikov

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Wood

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 7

Exterior Features

Parking Information:

  • Parking: Off Street, On Street, Driveway

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.10 Acres

Other

Directions Information:

  • Directions: Off Franklin Ave & Washington St. - .3 miles to Green Line B, C, E - .7 miles to Orange Line

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,680,000
  • Price Per SqFt: $534/SqFt

Tax Information:

  • Annual Amount: $9,208
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Somerville, MA.

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Somerville, MA

City

Med. Sold Price

$1.1M

Med. Price/SqFt

$637

Avg. Days On Market

43

# of Sold Homes

45

74 Franklin St vs Somerville

6 DAYS ON ROCKET

-37 Days

$1,680,000

+$571K More

$534/SqFt

-$103 Less

KEY TAKEAWAY

This property is $571K more than the Median Sold Price and $103/SqFt less than other homes in Somerville, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73324402

Listing Office:

  • Office Name: Red Tree Real Estate
  • Office Phone: (617) 487-8015
  • Listing Agent: Nicole Stabnikov

IDX Disclaimer: The property listing data and information 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 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 set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/14/2025, 11:55:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 06, 2014Home Sold
$489,000
May 06, 2004Home Sold
$264,000

Tax History

YEARPROP. TAXASSESSMENT
2021$9,208$903,600
2020$8,525$844,900
2019$7,356$683,600
2018$6,837$604,500
2017$6,507$557,600

History based on county public records data.

Payment Calculator

$8,452

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,103

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2474541
4
/10

  • King Open

  • 850 Cambridge St

  • 0.76 miles

  • Public District Grades PK-5

school-card-donut-2474542
5
/10

  • Kennedy-Longfellow

  • 158 Spring St

  • 0.89 miles

  • Public District Grades PK-5

school-card-donut-2474543
8
/10

  • Cambridgeport

  • 89 Elm St

  • 1.10 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $50,641. Residents of Somerville, MA typically earn less than $35k each year. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Middlesex County›Somerville›02145›74 Franklin St

This home is located at 74 Franklin St in Somerville, MA and zip code 02145 in the East Somerville neighborhood. This 3,149 square foot home, which was built in 1890, sits on a 0.10 acre lot. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 08, 2025 and is currently priced at $1,680,000.

Over 14 listings were sold over their listed price in December 2024 in Somerville, MA. In the same period over 25 listings were sold below the listed price and 6 listings were sold for the listed price. The number of listings in Somerville, MA decreased by 21.7% between November 2024 and December 2024. The median list price of listings available in December 2024 was $1,109,000, while the average time on the real estate market was 43 days.

From Rocket Homes Real Estate and based on county public records data.

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