Three-Story Multifamily with
17 Dow Street Somerville, MA 02144
17 Dow Street, Somerville, MA, 02144
$1,950,000
For Sale
$1,950,000
Three-story multifamily includes eight bedrooms, three full bathrooms, detached garage, yard, porch, and basement coin-op laundry.
Property Size3,114 SF
Price / SF$626.20
Days on Market8
Property Features for 17 Dow Street
General Information
- Standard status
- Active
- Size
- 3,114 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
NextGen Realty,Inc.
Listed by
Yuan Huang
(617) 993-4639
Source
Flowrealty
Added: Jul 14 Updated: Jul 21 at 3:25AM Checked: Jul 21 at 3:25AM
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 NextGen Realty,Inc.
Investment Insights
Based on property information with market context.
This three-story multifamily residence offers eight bedrooms and three full bathrooms, with stainless steel appliances in the kitchen. Outdoor space includes a private yard and a welcoming porch, and a detached garage is complemented by a long driveway for vehicle accommodation. A basement adds additional functionality with coin-operated laundry machines.
The property is fully rented and described as being in great condition, located in the Teele Square area of Somerville, MA. The remarks note that all three units are under market rent.
With three separate units within the three-story layout, the home provides a straightforward income setup and additional day-to-day convenience through on-site coin-op laundry, a yard, and garage parking.
The property is fully rented and described as being in great condition, located in the Teele Square area of Somerville, MA. The remarks note that all three units are under market rent.
With three separate units within the three-story layout, the home provides a straightforward income setup and additional day-to-day convenience through on-site coin-op laundry, a yard, and garage parking.
Key Highlights
- Three‑story multi‑family built in 1910 with 8 bedrooms and 3 full bathrooms
- Fully rented property in the Teele Square area
- Detached garage plus long driveway for convenient vehicle parking
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 | $99.0k | $31.80 |
| − Vacancy | −$4.9k | −$1.57 |
| EGI | $94.1k | $30.23 |
| − OpEx | −$28.2k | −$9.07 |
| NOI | $65.9k | $21.16 |
3,114 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$941.3K
$823.7K – $1.10M
NOI $65,893 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$885.1K
$774.5K – $1.03M
NOI $61,958 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,043 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-story multifamily includes eight bedrooms, three full bathrooms, detached garage, yard, porch, and basement coin-op laundry.
Where is this triplex located?
The property is located at 17 Dow Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Three‑story multi‑family built in 1910 with 8 bedrooms and 3 full bathrooms; Fully rented property in the Teele Square area; Detached garage plus long driveway for convenient vehicle parking
