Somerville Triplex in Spring
For Sale
$1,695,000
15 Atherton Street, Somerville, MA 02143
Three-unit property in desirable location with strong rental appeal.
Property Size4,426 SF
Price / SF$382.96
Days on Market192
Property Features for 15 Atherton Street
General Information
Standard status
Active
Size
4,426 SF
Property subtype
Multi-family / 3 Family
Zoning
res.
Net Operating Income
$109,900
Taxes and HOA fees
Annual Taxes
$17,093
Amenities
City/Town Sewer, Public, Circuit Breakers, for Gas Range
No, .00
No
Tile, Hardwood
3.0
Full
3
3.00
Fenced
Frame
Rubber
Gentle Sloping
Fenced Yard, Covered Patio/Deck
Covered
Building Details
Year Built
1890
Listing Agency:
Compass
Listed By:
Maggie Dee + Charles Cherney Team · License #9042699
(617) 733-8937
Source:
Compass
Added: Apr 1
Changed: Oct 8
Last Checked: Oct 7 at 2:12PM
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 Compass
Investment Insights
Based on property information with market context.
Located in the Spring Hill neighborhood of Somerville, this three-unit property offers an investment opportunity. Each unit features three bedrooms, high ceilings, well-proportioned rooms, and an excellent layout suitable for roommate living or flexible configurations. All three apartments include a covered rear deck overlooking a spacious fenced yard. The property is situated between Porter Square, with access to the MBTA Red Line and commuter rail, and Union Square, with access to the MBTA Green Line, providing access to shops, services, and restaurants. Current lease agreements are in place through May 31, 2027. The location has a bike score of 89, indicating it is very bikeable, a walk score of 97, indicating it is a walker's paradise, and a transit score of 85, indicating excellent transit options.
Key Highlights
- Prime location offering excellent transit access to Porter Square (Red Line & Commuter Rail) and Union Square (Green Line).
- Three income‑generating units, each with 3 bedrooms, providing a strong investment opportunity.
- Current leases in place through May 31, 2027, ensuring immediate rental income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,656
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,873,120
$1.9M
Cap Rate 7%
$1,337,943
$1.3M
Cap Rate 9%
$1,040,622
$1.0M
Market Conditions
NOI Build-Up for 4,426 SF
Gross rent
$140.7K $31.80/SF
− Vacancy
−$7.0K −$1.57/SF
EGI
$133.8K $30.23/SF
− OpEx
−$40.1K −$9.07/SF
NOI
$93.7K $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 Rate 5%
$1,873,120
Cap Rate 7%
$1,337,943
Cap Rate 9%
$1,040,622
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,656 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,062 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$2.62M
$2.29M – $3.06M
NOI $183,412 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,379
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property in desirable location with strong rental appeal.
Where is this triplex located?
The property is located at 15 Atherton Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Prime location offering excellent transit access to Porter Square (Red Line & Commuter Rail) and Union Square (Green Line).; Three income‑generating units, each with 3 bedrooms, providing a strong investment opportunity.; Current leases in place through May 31, 2027, ensuring immediate rental income.
