Active
86 Days on market
422 Mcgrath Highway Somerville — Photo 1 of 39

422 Mcgrath Highway Somerville — Photo 1 of 39

Recent Drop: $300,000

$2,300,000
$2,000,000

$2,000,000

422 Mcgrath Highway, Somerville, MA 02143

Somerville, MA 02143

Beds

14

Baths

8

SqFt

4,725

Style

4 Family

Built

1920

Exceptional investment opportunity in Somerville’s highly desirable Prospect Hill neighborhood. This well-maintained 4-unit multifamily property features (2) spacious 3-bedroom, 2-bath units and (2) 4-bedroom, 2-bath units, each offering private direct-entry access for a townhouse-style living experience. Originally gut renovated in 2016, the property includes modern finishes, central air conditioning, in-unit laundry, separately metered utilities, and rear outdoor space. Tenants pay their own gas and electric expenses, minimizing owner operating costs. The asset has been professionally maintained and offers upside potential through future rent growth. Ideally located with convenient access to Cambridge, Boston, Assembly Row, Union Square, Kendall Square, major employers, universities, public transportation, shopping, dining, and entertainment. A turnkey multifamily asset in one of Greater Boston’s strongest rental markets.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$423/sqft
Local Avg (Somerville)$510/sqft
17% BelowMarket Average

* Analysis is based on 22 actively listed and recently sold comparable properties strictly within Somerville, MA.

Property Details

Financials

Original Price$2,300,000
Annual Taxes$16,755

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms20
FireplacesNone
Flooring--
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofRubber
FoundationConcrete Perimeter
ZoningUR

Property & Lot

Acres0.13
SqFt Lot5,624
Lot FeaturesOther

Neighborhood

Public Transportation

Geography

Property History

Price Drop
$2,000,000

Was $2,200,000

Sep 14, 2026

MLS® 73539496

Price Drop
$2,200,000

Was $2,300,000

Aug 14, 2026

MLS® 73539496

Listed
$2,300,000

Jun 22, 2026

MLS® 73539496

Population

25,513

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$131K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

69.0%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Middlesex County

2,667 housing units permitted in the last 12 months (-2% vs the prior 12 months) — 1,709 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Listing Provided By

Listing Agent: Tom Egbers

Listing Office: Northeast Private Client Group

MLS® Number: 73539496

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