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237 Highland Ave 5,095 SF 100% Leased Retail Building Somerville, MA 02143 $3,499,526 CAD ($686.85 CAD/SF) 6.19% Cap Rate
Executive Summary
237 Highland Avenue — mixed-use investment in Somerville’s desirable Spring Hill neighborhood, minutes from Davis Square and Porter Square. 8,176 SF (gross) building, two street-level commercial storefronts (currently leased to a nail salon and tailor), four residential units (2 one-bedrooms, 1 studio, 1 four-bedroom). Residential units leased through August 2027. Easy access to I-93, Boston, Cambridge, and public transportation — an attractive, income-producing opportunity for investors in one of Somerville’s most sought-after submarkets.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,095 SF
Building Class
C
Year Built
1900
Price
$3,499,526 CAD
Price Per SF
$686.85 CAD
Cap Rate
6.19%
NOI
$216,784 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.52
Lot Size
0.08 AC
Zoning
MR3
Frontage
41’ on Highland Ave
Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
70/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | SOME-000034-E000000-000045 | Total Assessment | $2,565,985 CAD |
| Land Assessment | $650,594 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,915,390 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
SOME-000034-E000000-000045
Land Assessment
$650,594 CAD
Improvements Assessment
$1,915,390 CAD
Total Assessment
$2,565,985 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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237 Highland Ave
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