Three-Family Residential
130 Summer Street Somerville, MA 02143
130 Summer Street, Somerville, MA, 02143
$1,895,000
For Sale
$1,895,000
Oversized three-family property with driveway parking, a 1-car garage, and recent exterior refinishing.
Property Size4,555 SF
Price / SF$416.03
Days on Market73
Property Features for 130 Summer Street
General Information
- Standard status
- Active
- Size
- 4,555 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Leading Edge Real Estate
Listed by
Melanie Lentini
(617) 731-4644
Source
Hammondre
Added: May 10 Updated: Jul 20 at 6:17PM Checked: Jul 20 at 6:17PM
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.
130 Summer Street is an oversized three-family residential income property offered for sale in Somerville. The building includes spacious units and offers driveway parking plus a 1-car garage. Updates include a renovated kitchen completed in 2022 for one unit and a bathroom renovation completed in 2025.
The exterior has been recently refinished, including new gutters and drain pipes, along with Rhino Shield finish with a transferable warranty. The property is well maintained and may be purchased individually or as part of an opportunity to acquire adjacent multifamily properties totaling 6 units (see listing for 126 Summer St.).
The exterior has been recently refinished, including new gutters and drain pipes, along with Rhino Shield finish with a transferable warranty. The property is well maintained and may be purchased individually or as part of an opportunity to acquire adjacent multifamily properties totaling 6 units (see listing for 126 Summer St.).
Key Highlights
- Oversized three‑family home built in 1900 in Somerville.
- Driveway parking plus 1‑car garage.
- Updates include a renovated unit kitchen in 2022 and a bathroom renovation in 2025.
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 | $144.8k | $31.80 |
| − Vacancy | −$7.2k | −$1.57 |
| EGI | $137.7k | $30.23 |
| − OpEx | −$41.3k | −$9.07 |
| NOI | $96.4k | $21.16 |
4,555 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.20M – $1.61M
NOI $96,385 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,629 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $188,758 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Road To Calvary Prayer ...
Church
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FAQs
What type of property is this?
Triplex - Oversized three-family property with driveway parking, a 1-car garage, and recent exterior refinishing.
Where is this triplex located?
The property is located at 130 Summer Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Oversized three‑family home built in 1900 in Somerville.; Driveway parking plus 1‑car garage.; Updates include a renovated unit kitchen in 2022 and a bathroom renovation in 2025.
