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Somerville 02144 Medford Hillside
83 Wallace
Photo of 83 Wallace
Sold on Aug 6, 2026

4

Map

Photo of 83 Wallace
Photo of 83 Wallace
$1,325,000
● House - Off Market

83 Wallace

Somerville, MA 02144
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,650 Ft²
$7,736
Est. Monthly

About This Property

Exceptional development opportunity on one of Somerville's most desirable streets. This grand location offers investors, developers, and end users a chance to make this property magnificent. Renovate the existing 4-bedroom, 2-bath single-family residence into a premier luxury home or explore the potential for a 3-unit development. Ideally located just minutes from Davis Square, one of Somerville's most vibrant and sought-after neighborhoods. Enjoy easy access to gourmet restaurants, popular cafes, H Mart, boutique shopping, and the Davis Square Red Line station, providing a direct commute to Cambridge and downtown Boston. Also, appoximately 0.6 miles to the Green Line. Property to be sold "as is".
Unit Size
1,650 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$836
Property Type
House
Property Taxes
$960
HOA Dues
-
Year Built
1900

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 months ago (MLSPIN #73530423)

Price History

Date / Event Date Event Price
Aug 6, 2026 Sold
Premium
Sold
Jun 11, 2026 In contract -
In contract
Jun 4, 2026 Listed by RE/MAX Real Estate Center $1,380,000
Listed by RE/MAX Real Estate Center
Jun 30, 1992 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,197
  • Total Building Area: 1,650
  • Gross Building Area: 2,990
  • Building Area: 1,650
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,650
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000096
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Somerville School District
  • School Tax School District: SOMERVILLE SD
  • Census Tract: 350500

Zoning

  • Zoning: RA

Geography

  • Account Number: 11340150
  • District: 274
  • Parcel: SOME M:16 B:C L:17
  • Block: C
  • Lot: 17
  • Municipality: SOMERVILLE
  • Latitude: 42.4002
  • Longitude: -71.1213

    Address

  • Full Address: 83 Wallace St
  • Address - House Number: 83
  • Address - Street Name: Wallace
  • Address - Suffix Type: St
  • State: MA
  • City Name: Somerville
  • Carrier Code: C063
  • 4-Digit Zip Code: 1832
  • Zip Code: 02144

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,405,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1957
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 73
  • Final Value: 1,184,309
  • High Value: 1,416,088
  • Low Value: 952,530

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,335,800
  • Assessed Land Value: $883,200
  • Assessed Improvements Value: $452,600

    Sales

  • Current Sale Recording Date: Jun 30, 1992
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Medford Hillside

Stats & Trends

Median Asking:

$1,094,500

Sale Price/ft²

$558

Below Asking

0.01%

Average Days on Market

55

Average Home Size

4629 ft²

Average Home Age

68.1 years

Currently For Sale

12 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 205 Walden St, Cambridge, MA, 02140

$2,631 /mo

  • Studio
  • 1 Bath
  • 539 ft²
205 Walden St #The Copley, Cambridge, MA, 02140 Listing by Equity Residential
Unit for rent at 20 Stephenson Aman St, MA, 02144

$2,000 /mo

  • 1 Bed
  • 1 Bath
20 Stephenson Aman St, MA, 02144 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 months ago
Data Source: MLS PIN, MLS# 73530423

Frequently Asked Questions

When was property at 83 Wallace Street built and last sold?
The property at 83 Wallace Street was built in 1900 and last sold on Jan 1, 1970 for $108,000.
How much is this home worth?
The estimated value of the home located at 83 Wallace Street is $1,371,758.
What are some comparable homes to 83 Wallace Street?
There are currently no comparable homes to 83 Wallace Street.
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