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49 Dover St
Somerville, MA 02144 Davis Square

Price Upon Request

Apartments For Sale  •  34,310 SF

Property Details

• Property Type Apartments
• Total Building Size 34,310 SF
• Lot Size 0.82 AC
• Building Class C
• Year Built 1920
• Zoning RB

80 Transit Score

90 Walk Score

Highlights

Extremely Rare, Generational Multifamily Opportunity: The property represents a true generational offering

Immediate Scale in High Barrier, World-Class Location: This 41-unit portfolio offers rare, immediate scale in one of the most competitive

Superior Urban Transit-Oriented Location: Ideally positioned for seamless connectivity, the property is just a ±6-minute walk to Davis Square Station

Positively Trending and Durable Rental Income: The asset has demonstrated consistent rent growth, with rent roll increasing 7.11% year-over-year

Strong Upside Through Unit Renovations: Approximately 7 of the units have received partial updates, presenting a clear path

Favorable Unit Mix for Urban Renters and Efficient Layouts: The property offers an attractive unit mix comprised of studio, one & two-bedroom units

Public Transportation

Commuter Rail	Drive	Walk	Distance
Porter Square (Fitchburg/South Acton Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line))	3 min	13 min	0.7 mi
West Medford (Lowell Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line))	5 min	-	2.6 mi
Transit/Subway	Drive	Walk	Distance
Davis Station (Red Line - Massachusetts Bay Transportation Authority Subway (The T))	2 min	4 min	0.2 mi
Porter Square Station (Red Line - Massachusetts Bay Transportation Authority Subway (The T))	2 min	13 min	0.7 mi
Alewife (Red Line - MBTA)	2 min	16 min	0.9 mi
Ball Square (Green Line B - MBTA, Green Line C - MBTA, Green Line D - MBTA, Green Line E - MBTA)	4 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
General Edward Lawrence Logan International	17 min	-	8.6 mi