Three-Unit Multifamily
New
For Sale
$1,100,000
52 Burnside Ave, Somerville, MA 02144
Three residential units provide two-bedroom layouts, with vaulted ceilings and skylights in the upper-floor apartment.
Property Size3,396 SF
Days on Market4
Property Features for 52 Burnside Ave
General Information
Standard status
Active
Size
3,396 SF
Total Parking Spaces
3
Property subtype
Multifamily
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$17,330
Building Details
Building Size
3,396 SF
Year Built
1920
Listing Agency:
Coldwell Banker Realty - Cambridge
Listed By:
The Team - Real Estate Advisors
(617) 864-4430
Source:
Classifiedrealtygroup
Added: Sep 24
Last Checked: Sep 26 at 4:08AM
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 Coldwell Banker Realty - Cambridge
Investment Insights
Based on property information with market context.
Built in 1920, this three-unit residential property contains more than 5,000 square feet of interior space. The first- and second-floor apartments each have two bedrooms and one bathroom. The top-floor unit also has two bedrooms and one bathroom, with vaulted ceilings, skylights, a wood-burning stove, and washer and dryer hookups.
The property sits on a large lot with parking for three vehicles. Porter and Davis Square T stations and multiple bus stops on Elm Street are each within half a mile.
The property sits on a large lot with parking for three vehicles. Porter and Davis Square T stations and multiple bus stops on Elm Street are each within half a mile.
Key Highlights
- Three apartments totaling more than 5,000 square feet of interior space
- First- and second‑floor units each have 2 bedrooms and 1 bathroom
- Top‑floor apartment features vaulted ceilings, skylights, a wood‑burning stove, and washer/dryer hookups
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
$71,861
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
6.53%
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%
$1,437,220
$1.4M
Cap Rate 7%
$1,026,586
$1.0M
Cap Rate 9%
$798,456
$798.5K
Market Conditions
NOI Build-Up for 3,396 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
$108.0K $31.80/SF
− Vacancy
−$5.3K −$1.57/SF
EGI
$102.7K $30.23/SF
− OpEx
−$30.8K −$9.07/SF
NOI
$71.9K $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%
$1,437,220
Cap Rate 7%
$1,026,586
Cap Rate 9%
$798,456
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$898.3K – $1.20M
NOI $71,861 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$965.3K
$844.6K – $1.13M
NOI $67,569 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $140,729 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,996
Businesses Nearby
Explore this area
Business Placement
Demographics for 02144, MA
25,497
Population
11,881
Households
2.1
Avg Household Size
31
Median Age
75%
College-Educated
96%
High-School Grad
1.1 sq mi
ZIP Area
23,179
Density / Sq Mi
$140,591
Median Household Income
$74,639
Median Earnings
$2,654
Median Rent
$987,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units provide two-bedroom layouts, with vaulted ceilings and skylights in the upper-floor apartment.
Where is this triplex located?
The property is located at 52 Burnside Ave Somerville, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three apartments totaling more than 5,000 square feet of interior space; First- and second‑floor units each have 2 bedrooms and 1 bathroom; Top‑floor apartment features vaulted ceilings, skylights, a wood‑burning stove, and washer/dryer hookups
