Somerville Triplex Investment
For Sale
$1,000,000
Pending
25 Alston St, Somerville, MA 02143
Triplex in Somerville with rehab potential and commuter convenience.
Property Size3,440 SF
Lot Size0.06 Acres
Days on Market279
Property Features for 25 Alston St
General Information
Standard status
Pending
Size
3,440 SF
Lot size
0.06 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$6,663
Building Details
Building Size
3,440 SF
Year Built
1884
Stories
3
Units
3
Listing Agency:
LAER Realty Partners
Listed By:
Vision Realty Group
(617) 800-9111
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 27
Last Checked: Sep 1 at 6:57PM
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 LAER Realty Partners
Investment Insights
Based on property information with market context.
This triplex presents an investment opportunity in Somerville, offering convenient access to public transportation, major routes and highways, schools, and shopping. The property is situated in an area with new developments and rehabbed properties. It is suitable for generating rental income or for rehabilitation. The property requires rehabilitation.
Key Highlights
- Excellent investment opportunity in a desired Somerville location
- Commuter‑friendly location with easy access to public transportation, major routes, and highways
- Three‑unit property offering potential rental income
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
$72,792
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
7.28%
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%
$1,455,840
$1.5M
Cap Rate 7%
$1,039,886
$1.0M
Cap Rate 9%
$808,800
$808.8K
Market Conditions
NOI Build-Up for 3,440 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
$109.4K $31.80/SF
− Vacancy
−$5.4K −$1.57/SF
EGI
$104.0K $30.23/SF
− OpEx
−$31.2K −$9.07/SF
NOI
$72.8K $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 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%
$1,455,840
Cap Rate 7%
$1,039,886
Cap Rate 9%
$808,800
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$909.9K – $1.21M
NOI $72,792 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$977.8K
$855.6K – $1.14M
NOI $68,444 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,553 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,313
Businesses Nearby
Explore this area
Business Placement
Demographics for 02143, MA
26,022
Population
12,901
Households
2
Avg Household Size
33
Median Age
74%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
17,348
Density / Sq Mi
$126,102
Median Household Income
$73,055
Median Earnings
$2,424
Median Rent
$930,200
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?
Triplex - Triplex in Somerville with rehab potential and commuter convenience.
Where is this triplex located?
The property is located at 25 Alston St Somerville, MA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Excellent investment opportunity in a desired Somerville location; Commuter‑friendly location with easy access to public transportation, major routes, and highways; Three‑unit property offering potential rental income
