Three-Family with Outdoor
119 Temple Street Somerville, MA 02145
119 Temple Street, Somerville, MA, 02145
$1,399,000
For Sale
$1,399,000
Three-family property on Temple Street with private outdoor decks, separately metered utilities, and tandem parking.
Property Size3,306 SF
Price / SF$423.17
Days on Market132
Property Features for 119 Temple Street
General Information
- Standard status
- Active
- Size
- 3,306 SF
- Property subtype
- Multi-family / 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1920
Listing agency
Coldwell Banker Realty - Boston
(617) 266-4430
Listed by
Gabrielle Russo · License #9567073
(617) 266-4430
Source
Compass
Added: Mar 12 Updated: Jul 20 at 8:46PM Checked: Jul 21 at 6:51AM
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 Coldwell Banker Realty - Boston
Investment Insights
Based on property information with market context.
This three-family residential income property features a true two-bedroom layout in each unit, with the possibility to create an additional bedroom. Residents also have private outdoor decks. Utilities are separately metered, and the home includes newer HVAC systems and updated water tanks. Tandem parking is available for added convenience, and the property is currently configured with two occupied units and one unit delivered vacant.
The property is located at 119 Temple Street in Somerville’s Winter Hill neighborhood, situated on a lot that includes a large outdoor space.
Offered for sale, the current tenancy is reported to be below market value and the property is not under lease, providing flexibility. The seller notes the opportunity may benefit from some TLC.
The property is located at 119 Temple Street in Somerville’s Winter Hill neighborhood, situated on a lot that includes a large outdoor space.
Offered for sale, the current tenancy is reported to be below market value and the property is not under lease, providing flexibility. The seller notes the opportunity may benefit from some TLC.
Key Highlights
- Three‑family property on Temple Street in Somerville’s Winter Hill neighborhood
- Each unit has a true 2‑bedroom layout with private outdoor decks (potential to create a 3rd bedroom)
- Two units currently occupied; one unit delivered vacant; existing tenancy is below market value and not under lease
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.1k | $31.80 |
| − Vacancy | −$5.2k | −$1.57 |
| EGI | $99.9k | $30.23 |
| − OpEx | −$30.0k | −$9.07 |
| NOI | $70.0k | $21.16 |
3,306 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$999.4K
$874.5K – $1.17M
NOI $69,956 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$939.7K
$822.2K – $1.10M
NOI $65,778 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $137,000 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
SHINY BOSTON MAIDS
Hardware & Home Improvement
cleaningsisters
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-family property on Temple Street with private outdoor decks, separately metered utilities, and tandem parking.
Where is this triplex located?
The property is located at 119 Temple Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Three‑family property on Temple Street in Somerville’s Winter Hill neighborhood; Each unit has a true 2‑bedroom layout with private outdoor decks (potential to create a 3rd bedroom); Two units currently occupied; one unit delivered vacant; existing tenancy is below market value and not under lease
