Residential Income
26 Wesley Street, Somerville, MA 02145
For Sale
$850,000
The property has NR zoning and a paved exterior area.
Property Size2,606 SF
Price / SF$326.17
Days on Market63
Property Features for 26 Wesley Street
General Information
Standard status
Size
Property subtype
Lease Term
Building Details
Year Built
Listing Agency:
Coldwell Banker Realty - Lexington
Listed By:
Domingo Medina · License MA #449551703
(617) 610-0050
Source:
Stonewallre
Added: Sep 12
Changed: Nov 1
Last Checked: Nov 12 at 8:35AM
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 Coldwell Banker Realty - Lexington
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Investment Insights
Based on property information with market context.
This residential income property at 26 Wesley St in Somerville, Massachusetts, was built in 1920. Its exterior includes a paved area, and the property is zoned NR.
Access directions reference Pearl St and Wesley St. The property is in Middlesex County.
Access directions reference Pearl St and Wesley St. The property is in Middlesex County.
Key Highlights
- Built in 1920
- Zoned NR
- Paved exterior area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,851
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,020
$1.0M
Cap Rate 7%
$740,729
$740.7K
Cap Rate 9%
$576,122
$576.1K
Market Conditions
NOI Build-Up for 2,606 SF
Gross rent
$99.4K $38.16/SF
− Vacancy
−$5.2K −$1.98/SF
EGI
$94.3K $36.18/SF
− OpEx
−$42.4K −$16.28/SF
NOI
$51.9K $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 Rate 5%
$1,037,020
Cap Rate 7%
$740,729
Cap Rate 9%
$576,122
Alternative Uses
Best Use
Apartment 5plus
$740.7K
$648.1K – $864.2K
NOI $51,851 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,992 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,311
Businesses Nearby
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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
$784,900
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Somerville, MA
Properties on Market for Residential income properties in Somerville
Frequently Asked Questions
What type of property is this?
Residential income property - The property has NR zoning and a paved exterior area.
Where is this residential income property located?
The property is located at 26 Wesley Street Somerville, MA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Built in 1920; Zoned NR; Paved exterior area
