Three-Unit Triplex
For Sale
$999,750
Pending
17 George St, Somerville, MA 02145
Three-level residence with an unfinished basement, natural gas, and forced hot-water heating.
Property Size3,144 SF
Days on Market33
Property Features for 17 George St
General Information
Standard status
Pending
Size
3,144 SF
Property subtype
3 Family - 3 Units Up/Down
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
3
Building Details
Building Size
3,144 SF
Year Built
1915
Buildings
1
Stories
3
Construction
Decker-style
Listing Agency:
IVerty Realty, LLC
Listed By:
Mela Dieujuste · License #452508574
(413) 786-0584
Source:
Iverty
Added: Sep 9
Changed: Oct 11
Last Checked: Oct 11 at 9:15AM
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 IVerty Realty, LLC
Investment Insights
Based on property information with market context.
This Decker-style triplex, built in 1915, contains three residential units across three levels of living space. The property offers 7 bedrooms, 3 full bathrooms, approximately 3,144 SF, vinyl siding, natural gas service, and forced hot-water heating. A full unfinished basement provides additional interior space.
The property is located at 17 George St in Somerville, near Sullivan Square and Assembly Row. The Orange Line and Route 93 provide access to Boston and Cambridge, while nearby shopping, restaurants, entertainment, and daily amenities add convenience to the surrounding area.
The property is located at 17 George St in Somerville, near Sullivan Square and Assembly Row. The Orange Line and Route 93 provide access to Boston and Cambridge, while nearby shopping, restaurants, entertainment, and daily amenities add convenience to the surrounding area.
Key Highlights
- Three residential units with 7 bedrooms and 3 full bathrooms
- Approximately 3,144 SF across three levels of living space
- Full unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,528
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,330,560
$1.3M
Cap Rate 7%
$950,400
$950.4K
Cap Rate 9%
$739,200
$739.2K
Market Conditions
NOI Build-Up for 3,144 SF
Gross rent
$100.0K $31.80/SF
− Vacancy
−$4.9K −$1.57/SF
EGI
$95.0K $30.23/SF
− OpEx
−$28.5K −$9.07/SF
NOI
$66.5K $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%
$1,330,560
Cap Rate 7%
$950,400
Cap Rate 9%
$739,200
Alternative Uses
Best Use
Multifamily LT 5
$950.4K
$831.6K – $1.11M
NOI $66,528 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$893.6K
$781.9K – $1.04M
NOI $62,555 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,287 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,761
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-level residence with an unfinished basement, natural gas, and forced hot-water heating.
Where is this triplex located?
The property is located at 17 George St Somerville, MA.
What is the asking price?
The asking price for this property is $999,750.
What are key features of this property?
This property features: Three residential units with 7 bedrooms and 3 full bathrooms; Approximately 3,144 SF across three levels of living space; Full unfinished basement
