Newly Renovated Three-Family
174 Walnut Street Somerville, MA 02145
174 Walnut Street, Somerville, MA, 02145
$3,300,000
For Sale
$3,300,000
Renovated three-family property with three spacious residences, in-unit laundry, and driveway off-street parking.
Property Size5,921 SF
Price / SF$557.34
Days on Market36
Property Features for 174 Walnut Street
General Information
- Standard status
- Active
- Size
- 5,921 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
KM Real Estate Group
(781) 307-8843
Listed by
Kirsten McEleney
Source
Eganrealtygroup
Added: Jun 17 Updated: Jul 21 at 1:27PM Checked: Jul 21 at 1:27PM
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 KM Real Estate Group
Investment Insights
Based on property information with market context.
174 Walnut Street is a newly renovated three-family property with three separate residences. Unit 1 is a large duplex with multiple bedrooms and three full bathrooms, plus private deck access. Unit 2 offers three bedrooms, two full bathrooms, and an in-unit laundry setup, with a modern kitchen/living layout. Unit 3 is a top-floor unit featuring two bedrooms, two full bathrooms, skylights, and in-unit laundry, with an efficient living/dining arrangement.
The building includes driveway/off-street parking and outdoor exclusive-use areas. It is positioned for access to Somerville’s local amenities and conveniences, including transit, restaurants, shopping, and major employment centers.
This configuration provides a mix of larger and more compact unit layouts within a single three-family structure.
The building includes driveway/off-street parking and outdoor exclusive-use areas. It is positioned for access to Somerville’s local amenities and conveniences, including transit, restaurants, shopping, and major employment centers.
This configuration provides a mix of larger and more compact unit layouts within a single three-family structure.
Key Highlights
- Renovated three‑family at 174 Walnut Street with approx. 5,921 total gross SF across three residences
- Unit 1 duplex: approx. 3,044 SF with 6 effective bedrooms, 3 full baths, and private deck access
- Unit 2: approx. 1,532 SF with 3 bedrooms, 2 full baths, and in‑unit laundry
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 | $188.3k | $31.80 |
| − Vacancy | −$9.3k | −$1.57 |
| EGI | $179.0k | $30.23 |
| − OpEx | −$53.7k | −$9.07 |
| NOI | $125.3k | $21.16 |
5,921 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.79M
$1.57M – $2.09M
NOI $125,290 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$1.68M
$1.47M – $1.96M
NOI $117,808 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$3.51M
$3.07M – $4.09M
NOI $245,365 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Potaris Construction
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Renovated three-family property with three spacious residences, in-unit laundry, and driveway off-street parking.
Where is this triplex located?
The property is located at 174 Walnut Street Somerville, MA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Renovated three‑family at 174 Walnut Street with approx. 5,921 total gross SF across three residences; Unit 1 duplex: approx. 3,044 SF with 6 effective bedrooms, 3 full baths, and private deck access; Unit 2: approx. 1,532 SF with 3 bedrooms, 2 full baths, and in‑unit laundry
