Three-Family Property With
22 Victoria Street, Somerville, MA 02144
For Sale
$1,599,900
Distinctive multifamily property with separate utilities, rear porches, decks, and a finished basement with full bath.
Property Size3,327 SF
Price / SF$480.88
Days on Market74
Property Features for 22 Victoria Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Utilities to Site
Additional Details
Multifamily Units
Amenities
covered front porch
rear decks
backyard
finished basement
laundry area
storage room
Building Details
Year Built
Listing Agency:
Apex Realty Group,LLC
Listed By:
The Apex Team
(617) 908-0894
Source:
Highlandre
Added: Aug 26
Changed: Nov 6
Last Checked: Nov 6 at 10:05AM
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 Apex Realty Group,LLC
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Investment Insights
Based on property information with market context.
This three-family property includes 3,327 square feet across three residences, each with basement access and its own rear porch. The first-floor unit has an eat-in kitchen, separate dining room, living room, full bath, and oversized bedroom. The second-floor residence offers three bedrooms, an eat-in kitchen, dining room, living room, and full bath, while the top-floor unit includes an updated kitchen, three bedrooms, and a full bath. The building features a gambrel-style roofline, vinyl siding, brick accents, a covered front porch, and mature landscaping.
An oversized driveway leads to a 2-car garage, with additional outdoor space provided by the backyard and rear decks. The finished basement contains a laundry area, wash sink, storage room, and full bath. Separate utilities, gas heating systems, and water tanks approximately 1.5 years old add practical operating features. The property is located between Davis Square and Teele Square, with access to Tufts University, Alewife Station, Rt 16, and Rt 2.
An oversized driveway leads to a 2-car garage, with additional outdoor space provided by the backyard and rear decks. The finished basement contains a laundry area, wash sink, storage room, and full bath. Separate utilities, gas heating systems, and water tanks approximately 1.5 years old add practical operating features. The property is located between Davis Square and Teele Square, with access to Tufts University, Alewife Station, Rt 16, and Rt 2.
Key Highlights
- 3,327‑square‑foot three‑family property built in 1930
- Oversized driveway with 2‑car garage
- Three residences with separate utilities and individual rear porches
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,401
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,020
$1.4M
Cap Rate 7%
$1,005,729
$1.0M
Cap Rate 9%
$782,233
$782.2K
Market Conditions
NOI Build-Up for 3,327 SF
Gross rent
$105.8K $31.80/SF
− Vacancy
−$5.2K −$1.57/SF
EGI
$100.6K $30.23/SF
− OpEx
−$30.2K −$9.07/SF
NOI
$70.4K $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%
$1,408,020
Cap Rate 7%
$1,005,729
Cap Rate 9%
$782,233
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$880.0K – $1.17M
NOI $70,401 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$945.7K
$827.5K – $1.10M
NOI $66,196 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,870 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,981
Businesses Nearby
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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
$987,000
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Somerville, MA
Properties on Market for Triplexes in Somerville
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Distinctive multifamily property with separate utilities, rear porches, decks, and a finished basement with full bath.
Where is this triplex located?
The property is located at 22 Victoria Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: 3,327‑square‑foot three‑family property built in 1930; Oversized driveway with 2‑car garage; Three residences with separate utilities and individual rear porches
