Four-Unit Multifamily with
15 Kenneson Road Somerville, MA 02145
15 Kenneson Road, Somerville, MA, 02145
$1,200,000
For Sale
$1,200,000
Four-unit multifamily property with 6 bedrooms, 4 bathrooms, and two parking spaces including one in front of the building.
Property Size2,364 SF
Price / SF$507.61
Days on Market75
Property Features for 15 Kenneson Road
General Information
- Standard status
- Active
- Size
- 2,364 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1890
Listing agency
Benoit Real Estate Group,LLC
Listed by
Shane Marrion
(978) 808-8064
Source
Merryfoxrealty
Added: May 10 Updated: Jul 21 at 6:22PM Checked: Jul 22 at 7:29AM
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 Benoit Real Estate Group,LLC
Investment Insights
Based on property information with market context.
This four-unit multifamily property contains a total of 6 bedrooms and 4 bathrooms across the four units. Parking includes two spaces: one off-street and one “private way” parking space directly in front of the building.
Located at 15 Kenneson Road in Somerville, the property is described as conveniently near public transportation and major commuter routes, with access to Assembly Row, Union Square, East Somerville, and local restaurants, shopping, and parks.
With four separate units, the configuration offers straightforward multi-unit living under one ownership, supported by the on-site parking setup directly at the building.
Located at 15 Kenneson Road in Somerville, the property is described as conveniently near public transportation and major commuter routes, with access to Assembly Row, Union Square, East Somerville, and local restaurants, shopping, and parks.
With four separate units, the configuration offers straightforward multi-unit living under one ownership, supported by the on-site parking setup directly at the building.
Key Highlights
- 1890‑built 4‑unit multifamily property
- 6 bedrooms and 4 bathrooms across the four units
- Two parking spaces: 1 off‑street and 1 “private way” space directly in front of the building
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 | $75.2k | $31.80 |
| − Vacancy | −$3.7k | −$1.57 |
| EGI | $71.5k | $30.23 |
| − OpEx | −$21.4k | −$9.07 |
| NOI | $50.0k | $21.16 |
2,364 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$714.6K
$625.3K – $833.7K
NOI $50,023 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$671.9K
$588.0K – $783.9K
NOI $47,036 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,964 @ 7.0% cap · market cap 8.16%
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 - Four-unit multifamily property with 6 bedrooms, 4 bathrooms, and two parking spaces including one in front of the building.
Where is this quadplex located?
The property is located at 15 Kenneson Road Somerville, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 1890‑built 4‑unit multifamily property; 6 bedrooms and 4 bathrooms across the four units; Two parking spaces: 1 off‑street and 1 “private way” space directly in front of the building
