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39-41 GilmanSomerville, MA 02145

For Sale

$2,950,000

Smart Buyer Rebate $14,750

Don't miss this exceptional chance to own a fully renovated 4-unit multifamily building in the heart of East Somerville! Each spacious unit offers 4 bedrooms and 2 full bathrooms, with 2 units featuring an office/den space as well. This building has been thoughtfully updated with modern finishes and layouts ideal for both renters and owner-occupants. With room for 4 off-street parking spots, this property offers a rare convenience in this vibrant urban neighborhood. Situated just minutes from the new Green Line Extension, Assembly Row, restaurants, shops, and major commuter routes, this location is a high-demand rental market with strong income potential.Whether you're an investor looking to add a turn-key property to your portfolio or a buyer seeking long-term appreciation in one of Somerville’s fastest-growing areas, this building delivers.

Listed by Alexander Jafry

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Sterling Beacon Hill

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978-602-4030

Last updated September 12, 2025

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Source: MLSPin #73410300

Listing Facts

  • TypeMulti-family
  • NeighborhoodEast Somerville
  • Bedrooms16
  • Bathrooms8
  • Days on Prevu136
  • Taxes$29,000/year
  • Size4,724 sqft
  • Price per sqft$624

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

09/08/2025
Price Decreased
$2,950,000
07/28/2025
Listed by Sterling Beacon Hill
$3,190,000

Property Details for 39-41 Gilman

Exterior

Construction

  • Number Of Units Total: 4
  • Roof: Shingle
  • Stories: 4
  • Stories Total: 4
  • Year Built: 1900
  • Year Built Details: Approximate
  • Construction Materials: Frame

Measurements

  • Building Area Total: 4,724
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.23
  • Lot Size Area: 0
  • Lot Size Square Feet: 9,999
  • Lot Size Units: Acres

Financial

Residential Income

  • Gross Income: $198,708.00

Taxes

  • Tax Annual Amount: $29,000.00
  • Tax Assessed Value: $2,542,000.00
  • Tax Year: 2025

Interior

Features

  • Interior Features: Living Room, Kitchen, Office/Den

Measurements

  • Living Area: 4,724
  • Living Area Source: Public Record

Rooms

  • Bathrooms Full: 8
  • Bathrooms Total Integer: 8
  • Bedrooms Total: 16
  • Rooms Total: 34

Parking

Parking

  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off Street
  • Parking Total: 4

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this multi-family home have?

There are 16 bedrooms and 8 bathrooms in this multi-family home at 39-41 Gilman.

Does this multi-family home have parking?

Yes, there are 4 parking spaces available for 39-41 Gilman.

What are the annual taxes for 39-41 Gilman?

Annual taxes for this multi-family home are estimated at $29,000.

How does 39-41 Gilman compare to other multi-family homes in East Somerville?

This multi-family home is listed 6% below the average price for multi-family homes in East Somerville and has been on the market for 61 more days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 4,724 sqft.

39-41 Gilman is a 16-bedroom, 8-bath multi-family home for sale in Somerville MA 02145. Listed on Prevu for 136 days at $2,950,000. This includes a recent price decrease of $240,000. This residence features 4,724 square feet of living space, located in East Somerville. The median listing price for multi-family homes in this area is $1,189,900. Additional amenities include parking. View other multi-family home listings in Somerville.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.