Triplex with Tandem
For Sale
Under Contract
$2,288,000
205 College Ave, Somerville, MA 02144
Residential Income, Somerville, MA
Property Size3,280 SF
Lot Size0.08 Acres
Price / SF$697.56
Days on Market18
Property Features for 205 College Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
NR
Bedrooms
11
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 9, Bedroom 4, Bedroom 6, Bathroom 3, Bedroom 11, Bedroom 3, Bedroom 2, Bedroom 8, Bedroom 10, Bathroom 5, Bedroom 7, Bathroom 2, Bedroom 5
Parking
3
Directions
GPS
Subdivision
Tufts University
Standard status
Active Under Contract
APN
M:0018 B:000C L:0054,749669
Size
3,280 SF
Lot size
0.08 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
gas, electric, water
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
20262
Amenities
front and rear porches
basement laundry
storage
Building Details
Year built
1900
Floors in Building
4
Number of units
3
Buildings
1
Listing Agency:
Keller Williams Realty
Listed By:
Keller Williams
(617) 969-9000
Added: Oct 13
Changed: Oct 25
Last Checked: Oct 30 at 11:06PM
MLS# 73589869
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,280-square-foot triplex contains 11 bedrooms and 5 bathrooms. Interior features include updated kitchens and bathrooms, hardwood flooring, front and rear porches, basement laundry, and storage. Tandem parking accommodates at least three vehicles. The property also has separate gas, electric, and water meters for each apartment, plus individual heating and hot water systems. Windows were replaced in 2023, and chimney liners are new.
The 0.0826-acre property at 205 College Ave is directly across from Tufts University. It is near the Medford/Tufts Green Line station and Joyce Cummings Center, with Davis Square, Red Line connections, I-93, and downtown Boston also identified as nearby destinations. Leases extend through May 2028, and zoning is NR.
The 0.0826-acre property at 205 College Ave is directly across from Tufts University. It is near the Medford/Tufts Green Line station and Joyce Cummings Center, with Davis Square, Red Line connections, I-93, and downtown Boston also identified as nearby destinations. Leases extend through May 2028, and zoning is NR.
Key Highlights
- Across the street from Tufts University
- 11 bedrooms and 5 bathrooms in 3,280 square feet
- Separate gas, electric, and water meters for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,406
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,388,120
$1.4M
Cap Rate 7%
$991,514
$991.5K
Cap Rate 9%
$771,178
$771.2K
Market Conditions
NOI Build-Up for 3,280 SF
Gross rent
$104.3K $31.80/SF
− Vacancy
−$5.2K −$1.57/SF
EGI
$99.2K $30.23/SF
− OpEx
−$29.7K −$9.07/SF
NOI
$69.4K $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%
$1,388,120
Cap Rate 7%
$991,514
Cap Rate 9%
$771,178
Alternative Uses
Best Use
Multifamily LT 5
$991.5K
$867.6K – $1.16M
NOI $69,406 @ 7.0% cap · market cap 3.03%
Second Best
Apartment 5plus
$932.3K
$815.8K – $1.09M
NOI $65,261 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $135,922 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,953
Businesses Nearby
Explore this area
Business Placement
Demographics for 02144, MA
25,497
Population
11,881
Households
2.1
Avg Household Size
31
Median Age
75%
College-Educated
96%
High-School Grad
1.1 sq mi
ZIP Area
23,179
Density / Sq Mi
$140,591
Median Household Income
$74,639
Median Earnings
$2,654
Median Rent
$987,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments have separate gas, electric, and water meters.
Where is this triplex located?
The property is located at 205 College Ave Somerville, MA.
What is the asking price?
The asking price for this property is $2,288,000.
What are key features of this property?
This property features: Across the street from Tufts University; 11 bedrooms and 5 bathrooms in 3,280 square feet; Separate gas, electric, and water meters for each apartment
