East Somerville Multifamily Investment
For Sale
$1,699,000
20 Autumn St, Somerville, MA 02145
Multifamily property in a desirable, accessible East Somerville location.
Property Size3,540 SF
Days on Market119
Property Features for 20 Autumn St
General Information
Standard status
Active
Size
3,540 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$12,126
Building Details
Building Size
3,540 SF
Year Built
1890
Stories
6
Units
4
Listing Agency:
(617) 610-3678
Listed By:
Cindy Laughrea
(617) 610-3678
Source:
Elliman
Added: Apr 24
Changed: Aug 9
Last Checked: Aug 19 at 12:27PM
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 Cindy Laughrea
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 rental markets. The property's value is enhanced by its location and income potential. Situated minutes from Sullivan Square (Orange Line) and the Green Line Extension, Broadway /Cross Bus line, it offers access to Boston, Cambridge, and major universities, appealing to students and young professionals. This connectivity supports consistent rental demand and tenant stability. The neighborhood is surrounded by local dining, cafés, and everyday conveniences, and is close to Assembly Row’s retail and entertainment district. The location has a bikeScore of 84, indicating it is very bikeable, a walkScore of 84, indicating it is very walkable, and a transitScore of 67, indicating good transit.
Key Highlights
- Prime location in East Somerville, a high‑demand rental market.
- Minutes from Sullivan Square (Orange Line) and Green Line Extension, offering easy access to Boston and Cambridge.
- Strong income potential due to consistent rental demand from students and young professionals.
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property in a desirable, accessible East Somerville location.
Where is this apartment building located?
The property is located at 20 Autumn St 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.; Minutes from Sullivan Square (Orange Line) and Green Line Extension, offering easy access to Boston and Cambridge.; Strong income potential due to consistent rental demand from students and young professionals.
