Renovated Quadplex with Central
32 Cameron Avenue Somerville, MA 02144
32 Cameron Avenue, Somerville, MA, 02144
$3,300,000
For Sale
$3,300,000
Completely renovated four-unit property with in-unit laundry, central A/C, and off-street parking for six vehicles.
Property Size5,130 SF
Price / SF$643.27
Days on Market395
Property Features for 32 Cameron Avenue
General Information
- Standard status
- Active
- Size
- 5,130 SF
- Property subtype
- Multi-family / 4 Family
Building Details
- Year Built
- 1910
Listing agency
Gibson Sotheby's International Realty
(617) 426-6900
Listed by
Anthony Bruno · License #9062809
(617) 426-6900
Source
Compass
Added: Jun 24, 2025 Updated: Jul 22 at 5:37PM Checked: Jul 22 at 5:37PM
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 Gibson Sotheby's International Realty
Investment Insights
Based on property information with market context.
This completely renovated quadplex features four condo-quality units with in-unit laundry and central A/C. The two first-floor units each offer two living levels, with 3 bedrooms and 2 full bathrooms, and include a gas fireplace. The two upper units each provide 2 bedrooms and 2 full bathrooms, with an electric fireplace.
All units include gourmet kitchens with white cabinetry, quartz counters, and stainless-steel appliances. Off-street parking is available for six vehicles.
The property’s current rents are described as below market. The two larger units are used as 3-bedroom units, while the City of Cambridge lists them as 2 bedrooms.
All units include gourmet kitchens with white cabinetry, quartz counters, and stainless-steel appliances. Off-street parking is available for six vehicles.
The property’s current rents are described as below market. The two larger units are used as 3-bedroom units, while the City of Cambridge lists them as 2 bedrooms.
Key Highlights
- Completely renovated 4‑family property with condo‑quality finishes and in‑unit laundry in every unit
- All units feature gourmet kitchens with white cabinetry, quartz counters, and stainless‑steel appliances
- Central A/C plus fireplaces in multiple units (4 total; gas in the first‑floor units and electric in the upper units)
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 | $163.1k | $31.80 |
| − Vacancy | −$8.1k | −$1.57 |
| EGI | $155.1k | $30.23 |
| − OpEx | −$46.5k | −$9.07 |
| NOI | $108.6k | $21.16 |
5,130 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.36M – $1.81M
NOI $108,553 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$1.46M
$1.28M – $1.70M
NOI $102,070 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$3.04M
$2.66M – $3.54M
NOI $212,586 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Completely renovated four-unit property with in-unit laundry, central A/C, and off-street parking for six vehicles.
Where is this quadplex located?
The property is located at 32 Cameron Avenue Somerville, MA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Completely renovated 4‑family property with condo‑quality finishes and in‑unit laundry in every unit; All units feature gourmet kitchens with white cabinetry, quartz counters, and stainless‑steel appliances; Central A/C plus fireplaces in multiple units (4 total; gas in the first‑floor units and electric in the upper units)
