Duplex Property with
3 Somerville Ave, Braintree, MA 02184
For Sale
$619,900
Two-home configuration supports owner occupancy, rental use, or extended-family living within a single residential income property.
Property Size1,566 SF
Days on Market47
Property Features for 3 Somerville Ave
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Additional Details
Road Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
garage
shed
Building Details
Building Size
Year Built
Listing Agency:
Cameron Prestige, LLC
Listed By:
Jermaine A. Hurley · License #9503604
(774) 930-5694
Source:
Hillarybirchgroup
Added: Sep 21
Changed: Nov 3
Last Checked: Nov 6 at 2:57PM
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 Cameron Prestige, LLC
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Investment Insights
Based on property information with market context.
This duplex property includes two homes, a garage, and a shed for additional storage. The configuration can accommodate an owner living in one residence while renting the other, or support separate living arrangements for family members. Both homes may benefit from updating and cosmetic improvements, allowing the next owner to personalize the interiors and address existing condition needs.
The property is located at 3 Somerville Ave in Braintree, Massachusetts, with frontage and off-street parking associated with both homes. Zoning is B. A potential subdivision may be explored, subject to town approval and applicable zoning requirements. Built in 1907, the property offers a two-home layout with several documented residential use options.
The property is located at 3 Somerville Ave in Braintree, Massachusetts, with frontage and off-street parking associated with both homes. Zoning is B. A potential subdivision may be explored, subject to town approval and applicable zoning requirements. Built in 1907, the property offers a two-home layout with several documented residential use options.
Key Highlights
- Two‑home duplex configuration at 3 Somerville Ave, Braintree, MA 02184
- Garage and shed provide additional storage space
- Frontage and off‑street parking associated with both homes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,052
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,040
$561.0K
Cap Rate 7%
$400,743
$400.7K
Cap Rate 9%
$311,689
$311.7K
Market Conditions
NOI Build-Up for 1,566 SF
Gross rent
$42.3K $27.00/SF
− Vacancy
−$2.2K −$1.41/SF
EGI
$40.1K $25.59/SF
− OpEx
−$12.0K −$7.68/SF
NOI
$28.1K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,040
Cap Rate 7%
$400,743
Cap Rate 9%
$311,689
Alternative Uses
Best Use
Multifamily LT 5
$400.7K
$350.7K – $467.5K
NOI $28,052 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$369.8K
$323.5K – $431.4K
NOI $25,883 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$927.1K
$811.2K – $1.08M
NOI $64,895 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Explore this area
Business Placement
Demographics for 02184, MA
39,143
Population
15,032
Households
2.6
Avg Household Size
42
Median Age
47%
College-Educated
93%
High-School Grad
13.8 sq mi
ZIP Area
2,836
Density / Sq Mi
$125,305
Median Household Income
$65,542
Median Earnings
$1,925
Median Rent
$623,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Norfolk County, MA
Properties on Market for Duplexes in Norfolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-home configuration supports owner occupancy, rental use, or extended-family living within a single residential income property.
Where is this duplex located?
The property is located at 3 Somerville Ave Braintree, MA.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: Two‑home duplex configuration at 3 Somerville Ave, Braintree, MA 02184; Garage and shed provide additional storage space; Frontage and off‑street parking associated with both homes
