Multi Family at 22-24 Fountain Avenue, Somerville MA 02145
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$1,599,000

22-24 Fountain Avenue, Somerville MA 02145
Somerville, MA 02145
Listed by Thomas Mario
Bedrooms
5
Bathrooms
7
Living area
3,807 sqft
Year built
2021

About this home

Rare development opportunity in prime East Somerville! This expansive 2-family home offers 3,807 total finished sq. ft. across 3 levels (including finished lower levels) featuring a total of 5 bedrooms, 6 full bathrooms, and 2 half bathrooms. Unit 1 is a multi-level layout delivering 2 bedrooms, 3.5 baths, an office/den, and living/dining areas. Unit 2 offers a 3-bedroom, 3.5-bath townhome layout with flex space. Convenient off-street tandem parking for 2 cars. Situated in a highly accessible East Somerville location close to the Green Line Extension, Assembly Row, Route 28/I-93, and downtown Boston. Ideal project for an experienced developer or builder looking to complete a luxury multi-family or condominium conversion.

Property details

MLS
MLS Property Information Network
MLS #
73560985
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
77
On market date
August 8, 2026
Stories
6
Total bathrooms
7
Garage spaces
N/A
Parking spaces
2
Lot size
0.07 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Capuano Early Childhood Center
0.09 mi away · Grades -1-0
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
195
Student:teacher ratio
8.9:1
District
Somerville
Middle
Next Wave Junior High
0.29 mi away · Grades 7-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
18
Student:teacher ratio
9.0:1
District
Somerville
High
Full Circle High School
0.29 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
52
Student:teacher ratio
5.8:1
District
Somerville

Walkability

Blended score for Somerville's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

85
Highly walkable
out of 100
EPA National Walkability Index
14.8 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops20
Pharmacies13

Market position

How this listing compares to current activity in Somerville, from live MLS data.

On the market 77 days -- 16 fewer days than Somerville's current average of 93 days.
For reference, the median list price across 947 active listings in Somerville right now is $429,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$9,779/mo
$319,800 down
$1,279,200 loan
Principal & interest$8,297
Property tax (est.)$1,333
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated September 5, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.