Residential Property with Private
1004a Broadway, Somerville, MA 02144
For Sale
$1,389,900
Custom interior millwork, oversized windows, and dedicated parking complement a spacious, open-plan residence.
Property Size2,000 SF
Price / SF$694.95
Days on Market164
Property Features for 1004a Broadway
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
exclusive yard area
built in shelved entertainment center
Range
Dishwasher
Disposal
Microwave
Refrigerator
Central Air
Wood
Tile
Hardwood
Engineered Hardwood
Forced Air, Heat Pump, Electric
2.0 Stories
$12,345 Taxes
Public
Built in 2026
Building Details
Year Built
Listing Agency:
Steve Bremis Realty Group
(617) 828-1070
Listed By:
The Steve Bremis Team
Source:
Donahuere
Added: Jun 4
Changed: Nov 2
Last Checked: Nov 12 at 4:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Steve Bremis Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2026, this residential property offers more than 2,000 square feet of open living space, with custom carpentry, paneled moldings, and a built-in shelving feature. Oversized windows bring natural light into the interior, while the property also includes one-car parking and an exclusive yard area. Energy efficiency and soundproofing are noted among its features.
Davis Square is within walking distance. The Red Line is less than half a mile away, and the Green Line is under a mile from the property.
Davis Square is within walking distance. The Red Line is less than half a mile away, and the Green Line is under a mile from the property.
Key Highlights
- More than 2,000 square feet of open interior space
- Built in 2026 with custom carpentry and paneled moldings
- One‑car parking and exclusive yard area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,793
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,860
$795.9K
Cap Rate 7%
$568,471
$568.5K
Cap Rate 9%
$442,144
$442.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$76.3K $38.16/SF
− Vacancy
−$4.0K −$1.98/SF
EGI
$72.4K $36.18/SF
− OpEx
−$32.6K −$16.28/SF
NOI
$39.8K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,860
Cap Rate 7%
$568,471
Cap Rate 9%
$442,144
Alternative Uses
Best Use
Apartment 5plus
$568.5K
$497.4K – $663.2K
NOI $39,793 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,879 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,433
Businesses Nearby
Explore this area
Business Placement
Demographics for 02144, MA
25,497
Population
11,881
Households
2.1
Avg Household Size
31
Median Age
75%
College-Educated
96%
High-School Grad
1.1 sq mi
ZIP Area
23,179
Density / Sq Mi
$140,591
Median Household Income
$74,639
Median Earnings
$2,654
Median Rent
$987,000
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Somerville, MA
Properties on Market for Residential income properties in Somerville
Frequently Asked Questions
What type of property is this?
Residential income property - Custom interior millwork, oversized windows, and dedicated parking complement a spacious, open-plan residence.
Where is this residential income property located?
The property is located at 1004a Broadway Somerville, MA.
What is the asking price?
The asking price for this property is $1,389,900.
What are key features of this property?
This property features: More than 2,000 square feet of open interior space; Built in 2026 with custom carpentry and paneled moldings; One‑car parking and exclusive yard area
