Side-by-Side Two-Family
3 Linden Street Somerville, MA 02143
3 Linden Street, Somerville, MA, 02143
$1,198,000
For Sale
$1,198,000
Renovated side-by-side duplex with separate entrances, curb cut for up to two cars, and updated kitchens and baths.
Property Size1,654 SF
Lot Size0.09 Acres
Price / SF$724.30
Days on Market133
Property Features for 3 Linden Street
General Information
- Standard status
- Active
- Size
- 1,654 SF
- Lot size
- 0.09 Acres
- Property subtype
- Multi-family / 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1900
Listing agency
Coldwell Banker Realty - Cambridge
(617) 864-4430
Listed by
Nathan Long · License #9579073
(617) 864-4430
Source
Compass
Added: Mar 12 Updated: Jul 22 at 9:41AM Checked: Jul 22 at 9:41AM
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 - Cambridge
Investment Insights
Based on property information with market context.
This side-by-side two-family home offers each unit a separate entrance and a layout with 3 bedrooms and 1 bathroom. Kitchens and bathrooms were renovated within the last five years. The units have separate systems except for water and sewer. The left side includes a curb cut and can accommodate 2 vehicles. Public records list 1,434 sq ft, while the floor plan measurement indicates more than 1,600 sq ft.
Located on a quiet side street, approximately one block from Union Square, with convenient access to McGrath Highway and I-93. Assembly Square is about 1.9 miles away, and Harvard and MIT are about 1.2 miles away. Supermarkets and numerous restaurants are within walking distance.
The nearly 4,000 sq ft lot supports value-add opportunities, including basement finishing and adding dormers if possible. The offering notes a cap rate above 5%.
Located on a quiet side street, approximately one block from Union Square, with convenient access to McGrath Highway and I-93. Assembly Square is about 1.9 miles away, and Harvard and MIT are about 1.2 miles away. Supermarkets and numerous restaurants are within walking distance.
The nearly 4,000 sq ft lot supports value-add opportunities, including basement finishing and adding dormers if possible. The offering notes a cap rate above 5%.
Key Highlights
- Side‑by‑side two‑family on a quiet side street, 1 block from Union Square
- Each unit has its own entrance and offers 3 beds and 1 bath
- Renovated kitchens and bathrooms within the last 5 years
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.6k | $31.80 |
| − Vacancy | −$2.6k | −$1.57 |
| EGI | $50.0k | $30.23 |
| − OpEx | −$15.0k | −$9.07 |
| NOI | $35.0k | $21.16 |
1,654 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$500.0K
$437.5K – $583.3K
NOI $34,999 @ 7.0% cap · market cap 2.92%
Second Best
Apartment 5plus
$470.1K
$411.4K – $548.5K
NOI $32,909 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$979.2K
$856.8K – $1.14M
NOI $68,541 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated side-by-side duplex with separate entrances, curb cut for up to two cars, and updated kitchens and baths.
Where is this duplex located?
The property is located at 3 Linden Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: Side‑by‑side two‑family on a quiet side street, 1 block from Union Square; Each unit has its own entrance and offers 3 beds and 1 bath; Renovated kitchens and bathrooms within the last 5 years
