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    15 Albion St Somerville, MA 02143

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    For Sale
    $2,100,000

    Fully leased 3-unit property near Davis Square and Tufts.

    Lot size:
    0.13 Acres

    Property Features for 15 Albion St

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1900

    Source: Sterling Beacon Hill Agent Alexander Jafry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Somerville Investment Property For Sale

    This is a fully leased three-family property located in Somerville. It generates $133,200 annually from $11,100 monthly rental income. Each unit is fully leased with a strong tenant history. The property includes parking for up to 5 cars. Each apartment has private washer/dryers and is separately metered for gas and electricity. The property is situated along the Somerville Community Path, a bike & walking trail connecting Davis Square to the new Green Line Extension. Residents have access to 3 individual outdoor spaces. It is located minutes from Davis Square, Porter Square, and Tufts University, with quick access to I-93 and Boston.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1032375
    Latitude
    42.3901565

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    FAQs

    What type of property is this?
    Triplex - Fully leased 3-unit property near Davis Square and Tufts.
    Where is this triplex located?
    The property is located at 15 Albion St Somerville, MA.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - Fully leased 3-unit property generating $133,200 annual income.; - Located directly on the Somerville Community Path, providing easy access to Davis Square and the Green Line Extension.; - Each unit has private washer/dryer and separate gas and electric meters.
    (978) 602-4030
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    Somerville, MA 02143
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15 Albion St Somerville, MA 02143
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