About 248 Somerset Ave
Strong income-producing two-family located directly across from Memorial Park with major updates and long-term rental stability already in place. This property generates $4,550/month with Unit 1 leased through July 2027 and Unit 2 leased through April 2027. Recent improvements include a new heating system installed in 2022 and a new deck completed in 2024. The building offers gas heat, separate electric, off-street parking, and a rare 9-foot-ceiling basement with meaningful potential for future expansion or an additional unit. Washer/dryer hookup located in the basement. Situated in a strong rental area with convenient access to shopping, transit, and commuter routes, this turnkey asset delivers reliable cash flow with clear upside and low owner expenses. Buyer and buyer’s agent to perform all due diligence.
Open Houses
| Sat, Sep 12th | 11:00 AM - 1:00 PM |
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Features of 248 Somerset Ave
| MLS® # | 73572323 |
|---|---|
| Price | $599,000 |
| Bedrooms | 5 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,354 |
| Acres | 0.13 |
| Year Built | 1890 |
| Type | Residential Income |
| Sub-Type | 2 Family - 2 Units Up/Down |
| Status | Active |
Community Information
| Address | 248 Somerset Ave |
|---|---|
| Area | Weir Village |
| City | Taunton |
| County | Bristol |
| State | MA |
| Zip Code | 02780-4625 |
Amenities
| Utilities | for Electric Oven, for Electric Dryer, Washer Hookup |
|---|---|
| Parking Spaces | 4 |
| Parking | Paved Drive, Shared Driveway, Off Street, Common, Driveway, Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Storage, Pantry, Stone/Granite/Solid Counters, Upgraded Cabinets, Bathroom With Tub & Shower, Ceiling Fan(s), Cathedral/Vaulted Ceilings, Kitchen, Living RM/Dining RM Combo, Living Room |
|---|---|
| Appliances | Washer/Dryer, Oven, Microwave, Refrigerator |
| Heating | Natural Gas |
| Cooling | Window Unit(s) |
| Fireplace | No |
| # of Stories | 2 |
| Stories | 2 |
Exterior
| Exterior Features | Balcony/Deck, Rain Gutters |
|---|---|
| Lot Description | Cleared, Gentle Sloping |
| Windows | Skylight(s), Insulated Windows |
| Roof | Shingle |
| Construction | Conventional (2x4-2x6) |
| Foundation | Stone |
School Information
| Elementary | Galligan |
|---|---|
| Middle | Parker |
| High | Taunton High |
Additional Information
| Zoning | 3.31 |
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Listing Details
| Agent | Kobe Lomba |
|---|---|
| Office | Lomba Realty Group, Inc. |