Upgraded Quadplex
83-85 Newton St Somerville, MA 02143
83-85 Newton St, Somerville, MA, 02143
$1,800,000
Pending
For Sale
$1,800,000
Pending
Two upgraded 3-bedroom and two upgraded 2-bedroom units make up this Somerville quadplex.
Property Size6,058 SF
Lot Size0.08 Acres
Days on Market90
Property Features for 83-85 Newton St
General Information
- Standard status
- Pending
- Size
- 6,058 SF
- Lot size
- 0.08 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1900
Listing agency
Horvath & Tremblay
(781) 776-4002
Listed by
Dennis Kelleher · License #9528992
(781) 776-4002
Source
Elliman
Added: Apr 24 Updated: Jul 21 at 4:24PM Checked: Jul 21 at 4:24PM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
83–85 Newton Street is a two-story quadplex that contains two 3-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units. The building totals 4,034 square feet of gross living area within 6,058 square feet of gross area on a 0.08-acre parcel. Units have been completely upgraded and include modern finishes and updated bathrooms.
The property is located in an urban-infill area and is less than a 1/4 mile walk to Union Square Station. Union Square is described as a vibrant neighborhood with a mix of restaurants and local businesses and includes a new MBTA Green Line Station.
With four residential units configured as two-bedroom and three-bedroom layouts, the property offers a diversified unit mix within a single two-story building.
The property is located in an urban-infill area and is less than a 1/4 mile walk to Union Square Station. Union Square is described as a vibrant neighborhood with a mix of restaurants and local businesses and includes a new MBTA Green Line Station.
With four residential units configured as two-bedroom and three-bedroom layouts, the property offers a diversified unit mix within a single two-story building.
Key Highlights
- Two‑story quadplex with 2 three‑bedroom/1‑bath units and 2 two‑bedroom/1‑bath units
- 4,034 sq ft gross living area in a 6,058 sq ft gross area building on a 0.08‑acre parcel
- Completely upgraded units with updated bathrooms and modern finishes
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 | $192.6k | $31.80 |
| − Vacancy | −$9.5k | −$1.57 |
| EGI | $183.1k | $30.23 |
| − OpEx | −$54.9k | −$9.07 |
| NOI | $128.2k | $21.16 |
6,058 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.83M
$1.60M – $2.14M
NOI $128,189 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$1.72M
$1.51M – $2.01M
NOI $120,534 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$3.59M
$3.14M – $4.18M
NOI $251,042 @ 7.0% cap · market cap 13.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Two upgraded 3-bedroom and two upgraded 2-bedroom units make up this Somerville quadplex.
Where is this quadplex located?
The property is located at 83-85 Newton St Somerville, MA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Two‑story quadplex with 2 three‑bedroom/1‑bath units and 2 two‑bedroom/1‑bath units; 4,034 sq ft gross living area in a 6,058 sq ft gross area building on a 0.08‑acre parcel; Completely upgraded units with updated bathrooms and modern finishes
