OFF MARKET

Off market aug 2025 for $1.5M

—

•

2,970

sq ft

116 Prospect St, Somerville, MA 02143

About this home

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.

Multi-familyProperty Type

1900Year Built

4,680 sq ftLot Size

$527Price/Sq.Ft.

3 garage spacesParking

Listed by Michael O'Brien • ERA Key Realty Services- Fram

Bought with Michael O'Brien • ERA Key Realty Services- Fram

Redfin checked: a minute ago

•Source:MLS PIN #73396107

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 02143, MA

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

98.5%

1.8% MoM

Median sale price

$1.1M

$79K MoM

Avg. days on market

36d

13 days MoM

Recently sold homes

14 MoM

New listings for sale

OPEN THU, 11:30AM TO 1PM
$1,195,000
3 beds2.5 baths1,430 sq ft
331 Beacon St #1, Somerville, MA 02143
OPEN SAT, 11AM TO 12PM
$799,000
3 beds1 bath897 sq ft
1 Fitchburg St Unit C517, Somerville, MA 02143
$2,200,000
6 beds6 baths5,242 sq ft
35-37 Boston, Somerville, MA 02143
$2,220,000
6 beds4 baths4,233 sq ft
202 Washington St, Somerville, MA 02143
$520,000
3 beds1 bath1,370 sq ft
40 - 42 Highland Ave Unit 8, Somerville, MA 02143
See all

Provided by Redfin

Sale history for 116 Prospect St

Year

Property tax

Land + Additions

Assessment*

2025

$13,972 (+5.9%)

$657,900 + $622,800

$1,280,700

2024

$13,192 (+2.3%)

$657,900 + $596,100

$1,254,000

2023

$12,897 (+5.1%)

$657,900 + $589,400

$1,247,300

2022

$12,266 (+4.2%)

$626,600 + $578,300

$1,204,900

2021

$11,768 (+3.0%)

$596,700 + $558,200

$1,154,900

2020

$11,422 (+8.5%)

$573,800 + $558,200

$1,132,000

2019

$10,531 (+15.3%)

$487,200 + $491,500

$978,700

2018

$9,135 (+1.1%)

$443,000 + $364,700

$807,700

2017

$9,035 (+0.4%)

$401,200 + $373,000

$774,200

2016

$9,000 (+7.5%)

$394,300 + $324,000

$718,300

2015

$8,369 (+15.8%)

$363,700 + $300,000

$663,700

2014

$7,230 (+2.0%)

$304,700 + $266,400

$571,100

2013

$7,088 (+6.4%)

$256,700 + $271,500

$528,200

2012

$6,659 (+4.4%)

$231,100 + $277,600

$508,700

2011

$6,380 (+3.2%)

$224,400 + $277,600

$502,000

2010

$6,180 (−1.6%)

$222,200 + $280,200

$502,400

2009

$6,282

$227,500 + $309,000

$536,500

Tax history for 116 Prospect St

Year

Property tax

Land + Additions

Assessment*

2025

$13,972 (+5.9%)

$657,900 + $622,800

$1,280,700

2024

$13,192 (+2.3%)

$657,900 + $596,100

$1,254,000

2023

$12,897 (+5.1%)

$657,900 + $589,400

$1,247,300

2022

$12,266 (+4.2%)

$626,600 + $578,300

$1,204,900

2021

$11,768 (+3.0%)

$596,700 + $558,200

$1,154,900

2020

$11,422 (+8.5%)

$573,800 + $558,200

$1,132,000

2019

$10,531 (+15.3%)

$487,200 + $491,500

$978,700

2018

$9,135 (+1.1%)

$443,000 + $364,700

$807,700

2017

$9,035 (+0.4%)

$401,200 + $373,000

$774,200

2016

$9,000 (+7.5%)

$394,300 + $324,000

$718,300

2015

$8,369 (+15.8%)

$363,700 + $300,000

$663,700

2014

$7,230 (+2.0%)

$304,700 + $266,400

$571,100

2013

$7,088 (+6.4%)

$256,700 + $271,500

$528,200

2012

$6,659 (+4.4%)

$231,100 + $277,600

$508,700

2011

$6,380 (+3.2%)

$224,400 + $277,600

$502,000

2010

$6,180 (−1.6%)

$222,200 + $280,200

$502,400

2009

$6,282

$227,500 + $309,000

$536,500

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

4,792 Sq. Ft.

Year renovated

—

Sq. Ft.

2,970

Year built

1900

Style

Multi-Family (2-4 Unit)

County

Middlesex County

APN

759399

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 16, 2026.

Property details

Parking

Parking Information
Has Garage
Has Open Parking
# of Garage Spaces: 3
# of Covered Spaces: 3
Parking Spaces: 5
Parking Features: Paved Drive, Off Street

Interior

Bathroom Information
# of Bathrooms (Full): 3

Basement Information
Basement: Full, Interior Entry, Concrete, Unfinished

Laundry Information
Laundry Features: Gas Dryer Hookup, Electric Dryer Hookup

Interior Features
# of Rooms (Total): 18
Flooring: Wood, Carpet, Laminate
Interior Features: Ceiling Fan(s), Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen, Office/Den

Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: Y

Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: N

Unit #3 Information
# of Levels: 1
# of Floors: 3
Lease: N

Exterior

Building Information
Building Area (Total): 2,970
Foundation Details: Concrete Perimeter
Construction Materials: Frame
Stories (Total): 3
Year Built Source: Public Records
Year Built Details: Actual

Exterior Features
Roof: Rubber
Exterior Features: Balcony

Property Information
PropertySubType: 3 Family - 3 Units Up/Down

Lot Information
Lot Size (Acres): 0.11
Lot Features: Level
Road Frontage Type: Public

Financial

Tax Information
Tax Annual Amount: $13,972
Tax Year: 2025

Utilities

Utility Information
Utilities: for Gas Range, for Gas Oven, for Gas Dryer, for Electric Dryer
Sewer: Public Sewer
Water Source: Public
Electric: Circuit Breakers

Heating & Cooling
Has Heating
Has Cooling
Heating: Baseboard, Hot Water
Heating Units: 3
Cooling: Window Unit(s)
Cooling Units: 0

Location

Location Information
Directions: Use GPS
UnparsedAddress: 116 Prospect St, Somerville MA 02143

Community Information
Senior CommunityYN: No
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Highway Access, House of Worship, T-Station

Public facts

Beds: 4
Baths: 3.0
Sq. Ft.: 2,970
Stories: 3.0
Lot Size: 4,792 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1900
Year Renovated: —
County: Middlesex County
APN: 759399

Home facts updated by county records on Jul 16, 2026

Other

Miscellaneous Information
Heat Zones: 3

Listing Information
StandardStatus: Closed

Around this home

Schools

K - 12
Preschool & daycare

Albert F. Argenziano School At Lincoln Park

Public PreK-8 • Assigned • 0.3mi

7/10

Somerville High School

Public 9-12 • Assigned • 0.8mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

The densest city in New England and the birthplace of Marshmallow Fluff! Somerville will continue to be a competitive Seller's market due to limited new inventory. With many T stops, mixed-use spaces, and close proximity to Cambridge and Boston,...
2 months ago • Somerville
Benjamin Ginsburg
Redfin Premier agent
155 deals
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Climate risks

6/10 Flood Factor

Estimated 51-63% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 97° expected this year, 15 days in 30 years

6/10 Wind Factor

64% chance of strong winds in next 30 years

3/10 Air Factor

3 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Somerville, MA • 02143

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.2 hours in June and 4.4 hours in December, placing it below the U.S. average for solar exposure.

9.2 hrs

4.4 hrs

JuneDecember

Provided by Shadowmap

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Home values near 116 Prospect St

Data from public records.

Address	Redfin Estimate
122 Prospect St Apartment 2, Somerville, MA 2 Beds \| 2 Baths \| 1136 Sq. Ft.	$893,233
110 Prospect St, Somerville, MA 6 Beds \| 3 Baths \| 2513 Sq. Ft.	—
118 Prospect St, Somerville, MA 60 Beds \| 40 Baths \| 23600 Sq. Ft.	—
122 Prospect St Apartment 1, Somerville, MA 2 Beds \| 1 Baths \| 1179 Sq. Ft.	$819,803

Address	Redfin Estimate
122 Prospect St Apartment 3, Somerville, MA 2 Beds \| 1 Baths \| 1182 Sq. Ft.	$822,459
108 Prospect St, Somerville, MA 6 Beds \| 3 Baths \| 2492 Sq. Ft.	$1,417,627
122 Prospect St Apartment 3, Somerville, MA 2 Beds \| 1 Baths \| 1182 Sq. Ft.	$827,748
114 Prospect St, Somerville, MA 7 Beds \| 3 Baths \| 3528 Sq. Ft.	—

Address	Redfin Estimate
114 Prospect St, Somerville, MA 7 Beds \| 3 Baths \| 3528 Sq. Ft.	$1,607,434
108 Prospect St, Somerville, MA 6 Beds \| 3 Baths \| 2492 Sq. Ft.	$1,389,150
122 Prospect St Apartment 2, Somerville, MA 2 Beds \| 2 Baths \| 1136 Sq. Ft.	$894,061
110 Prospect St, Somerville, MA 6 Beds \| 3 Baths \| 2513 Sq. Ft.	$1,581,535

Property information provided by MLS PIN when last listed in 2025. This data may not match . Learn more.

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