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    18 Otis St Somerville, MA 02145

    For Sale
    $1,499,999

    Three-unit property near Union Square with investment and owner-occupancy potential.

    Lot size:
    0.09 Acres

    Property Features for 18 Otis St

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    1900

    Source: Cameron Real Estate Group Agent Michael Wetherbee

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

    Overview

    Somerville Multifamily Property Near Union Square

    This three-unit multifamily property features 12 beds and three baths. The property is located just outside Union Square and minutes from Assembly Row. Each unit offers spacious layouts with large rooms. Some units can be delivered vacant. The property includes off-street parking and a yard. There is additional storage space in the back. The property is located in a rapidly growing area with strong rental demand and easy access to shops, restaurants, public transportation, and major routes. This property offers flexibility, location, and size.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -71.0881091
    Latitude
    42.3872513

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    FAQs

    What type of property is this?
    Multifamily property - Three-unit property near Union Square with investment and owner-occupancy potential.
    Where is this multifamily property located?
    The property is located at 18 Otis St Somerville, MA.
    What is the asking price?
    The asking price for this property is $1,499,999.
    What are key features of this property?
    This property features: - Large 3-unit property with 12 beds and 3 baths, offering significant income potential or owner-occupancy options.; - Prime location near Union Square and Assembly Row, providing easy access to shops, restaurants, and public transportation.; - Flexibility with some units delivered vacant, allowing for immediate occupancy, renovation, or rental.
    (978) 361-7476
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    18 Otis St Somerville, MA 02145
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    Somerville, MA 02145
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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
    18 Otis St Somerville, MA 02145
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