Oversized Three-Family
For Sale
$1,837,000
130 Summer St, Somerville, MA 02143
Three-family property with garage and driveway parking, plus recent exterior refinishing and select interior updates.
Property Size4,555 SF
Price / SF$403.29
Days on Market66
Property Features for 130 Summer St
General Information
Standard status
Active
Size
4,555 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1900
Listing Agency:
Leading Edge Real Estate
Listed By:
Melanie Lentini · License #448510392
(781) 526-8070
Source:
Livianhomesct
Added: Jul 5
Changed: Sep 8
Last Checked: Sep 5 at 7:22AM
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 St in Somerville is an oversized three-family property offering spacious unit layouts. The home includes a 1-car garage and driveway parking, and features targeted interior updates with one unit receiving a renovated kitchen in 2022 and a renovated bathroom in 2025.
The exterior has been recently refinished, including new gutters and drain pipes, along with a Rhino Shield finish with a transferable warranty.
The offering also provides flexibility for buyers considering adjacent options, with an opportunity to purchase 1 or 2 nearby multifamily properties totaling 6 units (see listing for 126 Summer St for additional details).
The exterior has been recently refinished, including new gutters and drain pipes, along with a Rhino Shield finish with a transferable warranty.
The offering also provides flexibility for buyers considering adjacent options, with an opportunity to purchase 1 or 2 nearby multifamily properties totaling 6 units (see listing for 126 Summer St for additional details).
Key Highlights
- Three‑family property built in 1900 with an oversized layout, plus a 1‑car garage and driveway parking
- Select interior updates include a renovated kitchen (2022) and a bathroom renovation (2025)
- Exterior recently refinished, including new gutters and drain pipes and a Rhino Shield finish with transferable warranty
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
$96,385
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
5.25%
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%
$1,927,700
$1.9M
Cap Rate 7%
$1,376,929
$1.4M
Cap Rate 9%
$1,070,944
$1.1M
Market Conditions
NOI Build-Up for 4,555 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
$144.8K $31.80/SF
− Vacancy
−$7.2K −$1.57/SF
EGI
$137.7K $30.23/SF
− OpEx
−$41.3K −$9.07/SF
NOI
$96.4K $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%
$1,927,700
Cap Rate 7%
$1,376,929
Cap Rate 9%
$1,070,944
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.20M – $1.61M
NOI $96,385 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,629 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $188,758 @ 7.0% cap · market cap 10.28%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-family property with garage and driveway parking, plus recent exterior refinishing and select interior updates.
Where is this triplex located?
The property is located at 130 Summer St Somerville, MA.
What is the asking price?
The asking price for this property is $1,837,000.
What are key features of this property?
This property features: Three‑family property built in 1900 with an oversized layout, plus a 1‑car garage and driveway parking; Select interior updates include a renovated kitchen (2022) and a bathroom renovation (2025); Exterior recently refinished, including new gutters and drain pipes and a Rhino Shield finish with transferable warranty
