Three-Family Residential Income
For Sale
$1,595,000
126 Summer St, Somerville, MA 02143
Well-maintained three-family in Somerville with off-street parking for three vehicles, outdoor space, and updated key building systems.
Property Size3,688 SF
Days on Market94
Property Features for 126 Summer St
General Information
Standard status
Active
Size
3,688 SF
Total Parking Spaces
3
Property subtype
3 Family - 3 Units Up/Down
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$13,824
Amenities
front yard irrigation system
oversized gazebo
Building Details
Building Size
3,688 SF
Year Built
1900
Listing Agency:
Leading Edge Real Estate
(781) 526-8070
Listed By:
Melanie Lentini · License #448510392
Source:
Jonathanradford
Added: May 12
Changed: Aug 11
Last Checked: Aug 12 at 3:24PM
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 Leading Edge Real Estate
Investment Insights
Based on property information with market context.
126 Summer St is a well-maintained three-family offering flexibility for investors and owner-occupants. The property features three spacious units, a large driveway with off-street parking for three vehicles, and inviting outdoor space including a front yard irrigation system. An oversized gazebo was updated in 2022.
Recent improvements include upgraded electrical with a separate fire alarm meter, along with newer heating systems serving the first- and third-floor units.
The seller also notes an opportunity to purchase one or both adjacent multifamily properties totaling six units, with additional details referenced under 130 Summer Street.
Recent improvements include upgraded electrical with a separate fire alarm meter, along with newer heating systems serving the first- and third-floor units.
The seller also notes an opportunity to purchase one or both adjacent multifamily properties totaling six units, with additional details referenced under 130 Summer Street.
Key Highlights
- Three‑family home built in 1900 in Somerville with three spacious units
- Off‑street parking: large driveway with space for 3 vehicles
- Outdoor space includes front yard irrigation system and an oversized gazebo updated in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$78,039
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,560,780
$1.6M
Cap Rate 7%
$1,114,843
$1.1M
Cap Rate 9%
$867,100
$867.1K
Market Conditions
NOI Build-Up for 3,688 SF
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.
Gross rent
$117.3K $31.80/SF
− Vacancy
−$5.8K −$1.57/SF
EGI
$111.5K $30.23/SF
− OpEx
−$33.4K −$9.07/SF
NOI
$78.0K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,560,780
Cap Rate 7%
$1,114,843
Cap Rate 9%
$867,100
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$975.5K – $1.30M
NOI $78,039 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$1.05M
$917.2K – $1.22M
NOI $73,379 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,830 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,457
Businesses Nearby
Explore this area
Business Placement
Demographics for 02143, MA
26,022
Population
12,901
Households
2
Avg Household Size
33
Median Age
74%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
17,348
Density / Sq Mi
$126,102
Median Household Income
$73,055
Median Earnings
$2,424
Median Rent
$930,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-family in Somerville with off-street parking for three vehicles, outdoor space, and updated key building systems.
Where is this triplex located?
The property is located at 126 Summer St Somerville, MA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Three‑family home built in 1900 in Somerville with three spacious units; Off‑street parking: large driveway with space for 3 vehicles; Outdoor space includes front yard irrigation system and an oversized gazebo updated in 2022
