Apartment Acquisitions · Somerville
Sell Your Commercial Property In Somerville, MA
We are an active buyer of Somerville commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Where We Look: Davis Square · Union Square · Assembly Square · Ball Square — Middlesex County, MA
The Somerville Market
What Drives Rentals In Somerville
Somerville is a Middlesex County city of 81,036 residents, per Census ACS 2020-2024, one of the densest and most transit-connected communities near Boston. Somerville's median household income is $132,572, and its median gross rent is $2,517. Owners who sell commercial property in Somerville, MA face a market where renters hold 65.8% of homes, well above the 37.5% share statewide, while buildings of five or more units make up just 29.9% of local housing. Davis Square, Union Square, Assembly Square and Ball Square anchor Somerville's commercial and transit nodes.
Tufts University
Tufts University's Medford/Somerville campus enrolled 13,274 students in fall 2023, per the university's own Fact Book enrollment report.Mass General Brigham at Assembly Row
Mass General Brigham runs clinical offices at Assembly Row, including an imaging center on Revolution Drive, per its own site.Green Line Extension stations
Somerville gained five new Green Line Extension stations in 2022, per the MBTA, joining its 2014 Orange Line station.Our Buy Box
What We Buy In Somerville
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Somerville Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Somerville
Renters hold 65.8% of Somerville's 35,715 occupied homes, or 23,483 households, per ACS 2020-2024 tenure data, nearly double the 37.5% renter share statewide. Buildings of five or more units hold 29.9% of Somerville's 37,756 housing units, per table B25024. Somerville's housing stock is old: 79.8% of units predate 1980, with a median year built of 1938, per table B25034.
Rents and affordability in Somerville
Somerville's median gross rent is $2,517 a month, $755 above the Massachusetts median of $1,762, per ACS 2020-2024. Under HUD's FY2027 fair market rents, Somerville falls in the Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. Buyers who sell commercial property in Somerville, MA compare that rent against the FMR table below.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $2,440 |
| One-bedroom | $2,518 |
| Two-bedroom | $3,008 |
| Three-bedroom | $3,584 |
| Four-bedroom | $3,953 |
Property taxes in Middlesex County
Somerville's FY2026 residential rate is $10.98 per $1,000 of assessed value, against $18.94 for commercial property, per the Somerville Assessors' online database. Chapter 59, section 2A classes any building with one or more dwelling units, apartments included, as class one residential. Owners who sell commercial real estate in Somerville, MA can expect a $2,000,000 apartment building to owe $21,960 a year at that rate, plus $9,120 of Middlesex South deed excise at $2.28 per $500, per the Middlesex South Registry of Deeds.
Landlord rules in Somerville
A Massachusetts security deposit may not exceed one month's rent under chapter 186, section 15B, returnable within 30 days after the tenancy ends. Nonpayment under a written lease allows a 14-day notice to quit under section 11. Anyone selling commercial property in Somerville works under chapter 40P, a uniform statewide policy against rent control.
What it means for an owner
The $3,008 two-bedroom HUD FMR runs 19.5% above Somerville's $2,517 median rent, a gap buyers price into offers when owners sell commercial property in Somerville, MA. Tufts University's Medford/Somerville campus enrolled 13,274 students in fall 2023, per the Tufts Fact Book, and Mass General Brigham runs clinical offices at Assembly Row, including an imaging center at 335 Revolution Drive, per Mass General Brigham's own site. Somerville's Union Square Green Line terminus and four more Green Line Extension stations opened in 2022, joining the Orange Line's Assembly station, per the MBTA. Before you sell your apartment building in Somerville, test the numbers with our cap rate calculator; see how we buy apartment buildings. Skyline Capital Investments buys 5+ unit apartment buildings.
Before You Sell
Pricing Your Building In Somerville
More about selling in Massachusetts →Investing in Somerville? See apartment syndications in Somerville →
- Somerville's $2,517 median rent sits $755 above the Massachusetts median of $1,762, per ACS 2020-2024.
- Owners who sell commercial real estate in Somerville, MA budget $9,120 of Middlesex South deed excise per $2,000,000.
- Somerville's 79.8% share of pre-1980 housing far exceeds Middlesex County's 68.1% share of older stock.
Seller Guides
Selling A Building In Somerville
Learn More
Taxes & Rules For Somerville Property
The Massachusetts rules that shape any deal in Somerville: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Somerville Seller FAQ
How do I sell commercial property in Somerville, MA?
Gather rent rolls, tax bills and capital records, since buyers price all three. Middlesex South deed excise runs $2.28 per $500, or $9,120 on a $2,000,000 sale. Skyline Capital Investments can walk you through the process from first call to closing.
What's involved when I sell commercial real estate in Somerville, MA?
Somerville's FY2026 residential tax rate is $10.98 per $1,000, far below the $18.94 commercial rate, so classification matters. Massachusetts law classes any building with one or more dwelling units as residential. A $2,000,000 apartment building owes about $21,960 a year at that rate.
What is the average rent in Somerville, MA?
Somerville's median gross rent is $2,517 a month in Census ACS 2020-2024 estimates, $755 above the Massachusetts median. HUD's FY2027 fair market rent for a two-bedroom in the Boston-Cambridge-Quincy area is $3,008, well above Somerville's typical contract rent.
Who rents in Somerville?
Renters occupy 23,483 of Somerville's 35,715 occupied homes, or 65.8%, per ACS 2020-2024. Buildings of five or more units hold just 29.9% of local housing stock. Owners ready to sell multifamily property in Somerville should note most of this stock predates 1980.
Does rent control apply in Somerville, MA?
No. Massachusetts chapter 40P sets a uniform statewide policy against rent control, so Somerville rents follow the market. Security deposits are capped at one month's rent and must be returned within 30 days. Nonpayment under a written lease allows a 14-day notice to quit.
Will you buy a Somerville property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
How does a sale to you work in Middlesex County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Can I sell rental property in Somerville with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
What do I need to sell my apartment building in Somerville?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Selling A Building In Somerville?
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