4-Unit Multifamily with Off-Street
19-21 Everett Avenue Somerville, MA 02145
19-21 Everett Avenue, Somerville, MA, 02145
$1,999,000
For Sale
$1,999,000
Four-unit property with separately metered water, three tenant-at-will units, and at least six off-street parking spaces.
Property Size4,556 SF
Price / SF$438.76
Days on Market274
Property Features for 19-21 Everett Avenue
General Information
- Standard status
- Active
- Size
- 4,556 SF
- Property subtype
- Multi-family / 4 Family
Building Details
- Year Built
- 1900
Listing agency
Grove Property Group
(617) 812-9035
Listed by
Joseph Vecchione · License #9584488
(617) 812-9035
Source
Compass
Added: Oct 22, 2025 Updated: Jul 21 at 7:53AM Checked: Jul 22 at 8:11AM
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 Grove Property Group
Investment Insights
Based on property information with market context.
This well-located 4-unit multifamily offers a desirable mix of (2) 2-bedroom/1-bath units and (2) 4-bedroom/1-bath units. Three of the four units are currently tenant-at-will, providing near-term flexibility.
The property includes at least six off-street parking spaces. Each unit has separately metered water, and the landlord pays no utilities, helping keep operating expenses predictable.
Ideal for an owner-occupant or investor looking for straightforward management of separately metered units and off-street parking for residents.
The property includes at least six off-street parking spaces. Each unit has separately metered water, and the landlord pays no utilities, helping keep operating expenses predictable.
Ideal for an owner-occupant or investor looking for straightforward management of separately metered units and off-street parking for residents.
Key Highlights
- Four‑unit multifamily in East Somerville with a (2) 2‑bed/1‑bath and (2) 4‑bed/1‑bath unit mix
- Three of the four units are currently tenant‑at‑will for near‑term leasing flexibility
- Each unit has separately metered water, and the landlord pays no utilities
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 | $144.9k | $31.80 |
| − Vacancy | −$7.2k | −$1.57 |
| EGI | $137.7k | $30.23 |
| − OpEx | −$41.3k | −$9.07 |
| NOI | $96.4k | $21.16 |
4,556 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.21M – $1.61M
NOI $96,407 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,649 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $188,799 @ 7.0% cap · market cap 9.44%
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 property with separately metered water, three tenant-at-will units, and at least six off-street parking spaces.
Where is this quadplex located?
The property is located at 19-21 Everett Avenue Somerville, MA.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Four‑unit multifamily in East Somerville with a (2) 2‑bed/1‑bath and (2) 4‑bed/1‑bath unit mix; Three of the four units are currently tenant‑at‑will for near‑term leasing flexibility; Each unit has separately metered water, and the landlord pays no utilities
