Four-Unit Multifamily with
For Sale
$1,200,000
15 Kenneson Road, Somerville, MA 02145
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 Market197
Property Features for 15 Kenneson Road
General Information
Standard status
Active
Size
2,364 SF
Total Parking Spaces
2
Property subtype
Multi-family
Additional Details
Multifamily Units
4
Building Details
Year Built
1890
Tenancy
Multi
Listing Agency:
Benoit Real Estate Group,LLC
Listed By:
Shane Marrion
(617) 750-6378
Source:
Benoitrealestate
Added: Apr 3
Changed: Oct 11
Last Checked: Oct 14 at 11:21PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,023
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,000,460
$1.0M
Cap Rate 7%
$714,614
$714.6K
Cap Rate 9%
$555,811
$555.8K
Market Conditions
NOI Build-Up for 2,364 SF
Gross rent
$75.2K $31.80/SF
− Vacancy
−$3.7K −$1.57/SF
EGI
$71.5K $30.23/SF
− OpEx
−$21.4K −$9.07/SF
NOI
$50.0K $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%
$1,000,460
Cap Rate 7%
$714,614
Cap Rate 9%
$555,811
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 authorities.
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,617
Businesses Nearby
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Business Placement
Demographics for 02145, MA
27,520
Population
12,669
Households
2.2
Avg Household Size
33
Median Age
55%
College-Educated
89%
High-School Grad
1.4 sq mi
ZIP Area
19,657
Density / Sq Mi
$119,167
Median Household Income
$63,629
Median Earnings
$2,377
Median Rent
$784,900
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
Frequently Asked Questions
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
