3 Family at 41 Derby St, Somerville MA 02145
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20 photos

$1,750,000

41 Derby St, Somerville MA 02145
Somerville, MA 02145
Bedrooms
9
Bathrooms
6
Living area
2,725 sqft
Year built
1915

About this home

Exceptional opportunity to acquire a performing three-family property with built-in upside and multiple exit strategies. This asset stands out with a bi-level first unit, offering enhanced livability and rental appeal compared to typical layouts.The property features off-street parking, a major value-add for tenants and future resale, along with a strong, consistent tenant history that supports immediate cash flow. For added flexibility, the property can be delivered with one unit vacant, ideal for owner-occupants or investors looking to reposition rents. Significant capital improvements include a well-maintained roof, with drone footage available upon request for full transparency.Please note this three-family is already configured as three individual condominium units, each currently being marketed separately. This gives you optionality for a sell-off strategy, hybrid hold, or full portfolio acquisition.

Property details

MLS
MLS Property Information Network
MLS #
73493783
Property type
3 Family
Subdivision
N/A
Status
Active
Days on market
206
On market date
March 31, 2026
Stories
4
Total bathrooms
6
Garage spaces
2
Parking spaces
6
Lot size
N/A
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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
Arthur D Healey
0.36 mi away · Grades -1-8
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
457
Student:teacher ratio
11.1:1
District
Somerville
Middle
Next Wave Junior High
0.47 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
0.47 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).

89
Highly walkable
out of 100
EPA National Walkability Index
16.3 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops20
Pharmacies7

Market position

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

On the market 206 days -- 113 more days than Somerville's current average of 93 days.
For reference, the median list price across 940 active listings in Somerville right now is $439,450.

Mortgage calculator

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

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%
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Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$10,689/mo
$350,000 down
$1,400,000 loan
Principal & interest$9,080
Property tax (est.)$1,458
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated June 12, 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.