Three-Unit Multifamily
New
For Sale
$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 Market3
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
Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 11, Bedroom 8, Bedroom 10, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 5, Bedroom 5, Bedroom 7, Bathroom 4, Bedroom 9
Parking
3
Directions
GPS
Subdivision
Tufts University
Standard status
Active
APN
M:0018 B:000C L:0054,749669
Size
3,280 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
20262
Amenities
hardwood floors
front and rear porches
basement laundry facilities
storage space
off-street parking
Building Details
Year built
1900
Floors in Building
4
Number of units
3
Listing Agency:
Keller Williams Realty
Listed By:
Keller Williams
(617) 969-9000
Added: Oct 13
Last Checked: Oct 15 at 8:06AM
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.
Investment Insights
Based on property information with market context.
This 3,280-square-foot triplex contains three apartments with a total of 11 bedrooms and 5 bathrooms. Updated kitchens and bathrooms, hardwood floors, front and rear porches, basement laundry, and storage serve the building. The property was built in 1900 and sits on a 0.0826-acre lot.
At 205 College Ave in Somerville, the building is directly across from Tufts University. The Medford/Tufts Green Line station and Joyce Cummings Center are nearby; Davis Square, Red Line connections, I-93, and downtown Boston are also identified as area destinations.
Each apartment has separate gas, electric, and water meters, as well as its own heating and hot water system. Tenants pay for gas and electricity; water is billed by the owner using individual unit meter readings. Leases run through May 2028, with contracted rental income listed as $167,100 for 2026–2027 and $170,700 for 2027–2028. At least three vehicles can be accommodated in tandem off-street parking.
At 205 College Ave in Somerville, the building is directly across from Tufts University. The Medford/Tufts Green Line station and Joyce Cummings Center are nearby; Davis Square, Red Line connections, I-93, and downtown Boston are also identified as area destinations.
Each apartment has separate gas, electric, and water meters, as well as its own heating and hot water system. Tenants pay for gas and electricity; water is billed by the owner using individual unit meter readings. Leases run through May 2028, with contracted rental income listed as $167,100 for 2026–2027 and $170,700 for 2027–2028. At least three vehicles can be accommodated in tandem off-street parking.
Key Highlights
- Three apartments with 11 bedrooms and 5 bathrooms
- 3,280 square feet on a 0.0826‑acre lot
- Directly across from Tufts University at 205 College Ave
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
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer separate utility meters, individual heating and hot water systems, and off-street tandem parking.
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: Three apartments with 11 bedrooms and 5 bathrooms; 3,280 square feet on a 0.0826‑acre lot; Directly across from Tufts University at 205 College Ave
