East Somerville Multifamily Investment
For Sale
$1,699,000
20 Autumn Street, Somerville, MA 02145
Multifamily property in a dynamic, in-demand rental market.
Property Size3,540 SF
Price / SF$479.94
Days on Market149
Property Features for 20 Autumn Street
General Information
Standard status
Active
Size
3,540 SF
Property subtype
Multi-family
Building Details
Year Built
1890
Listing Agency:
Engel & Volkers Wellesley
(781) 248-6350
Listed By:
Cindy Laughrea
Source:
Stevebremis
Added: Mar 25
Changed: Aug 8
Last Checked: Aug 8 at 6:45AM
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 Engel & Volkers Wellesley
Investment Insights
Based on property information with market context.
Located in East Somerville, 20 Autumn Street presents an investment opportunity in one of Greater Boston’s dynamic and in-demand rental markets. The property's value lies in its location and income potential. Situated minutes from Sullivan Square (Orange Line) and the Green Line Extension, Broadway /Cross Bus line, the property provides access to Boston, Cambridge, and major universities, making it attractive to students and young professionals. This connectivity supports rental demand and tenant stability. Surrounded by local dining, cafes, and everyday conveniences, and close to Assembly Row’s retail and entertainment district, the neighborhood offers a lifestyle that tenants seek. The property size is 3540 square feet.
Key Highlights
- Prime location in East Somerville, a high‑demand rental market.
- Excellent access to public transportation: Orange Line (Sullivan Square) and Green Line Extension.
- Convenient access to Boston, Cambridge, and major universities.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,434
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,408,680
$1.4M
Cap Rate 7%
$1,006,200
$1.0M
Cap Rate 9%
$782,600
$782.6K
Market Conditions
NOI Build-Up for 3,540 SF
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.
Gross rent
$135.1K $38.16/SF
− Vacancy
−$7.0K −$1.98/SF
EGI
$128.1K $36.18/SF
− OpEx
−$57.6K −$16.28/SF
NOI
$70.4K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,408,680
Cap Rate 7%
$1,006,200
Cap Rate 9%
$782,600
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$880.4K – $1.17M
NOI $70,434 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.83M – $2.44M
NOI $146,697 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,983
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property in a dynamic, in-demand rental market.
Where is this multifamily property located?
The property is located at 20 Autumn Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Prime location in East Somerville, a high‑demand rental market.; Excellent access to public transportation: Orange Line (Sullivan Square) and Green Line Extension.; Convenient access to Boston, Cambridge, and major universities.
