Victorian Triplex with Owner’s
For Sale
$1,599,900
34 Central Street, Somerville, MA 02143
The upper-level residence spans two floors and includes four bedrooms and four bathrooms.
Property Size2,631 SF
Price / SF$608.10
Days on Market17
Property Features for 34 Central Street
General Information
Standard status
Active
Size
2,631 SF
Property subtype
Multi-family
Building Details
Year Built
1900
Listing Agency:
Steve Bremis Realty Group
Listed By:
Stephen Bremis · License #128686
(617) 828-1070
Source:
Stevebremis
Added: Sep 23
Changed: Oct 8
Last Checked: Oct 7 at 1:43PM
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 Steve Bremis Realty Group
Investment Insights
Based on property information with market context.
Built in 1900 and listed on the Historical Register, this three-unit Victorian property combines a two-level, four-bedroom, four-bathroom owner’s residence on the upper floors with two first-floor apartments. Each apartment has one bedroom and three rooms, and both leases run through August 31, 2027. Period features include stained glass, hardwood floors, a bay-window seating area, and a front porch with Grecian columns. The property also has basement space with approximately 8-foot ceilings, a garage, and parking for three cars. The exterior was painted and the roof replaced in 2024.
The property is in Somerville’s Spring Hill neighborhood, with a Walk Score of 91, Bike Score of 83, and Transit Score of 85. The Green Line is one-half mile away, and the Red Line is less than one mile away.
The property is in Somerville’s Spring Hill neighborhood, with a Walk Score of 91, Bike Score of 83, and Transit Score of 85. The Green Line is one-half mile away, and the Red Line is less than one mile away.
Key Highlights
- Three‑unit Victorian property built in 1900 and listed on the Historical Register
- Upper‑level owner’s residence spans two floors, with 4 bedrooms and 4 bathrooms
- Two first‑floor apartments, each with 1 bedroom and 3 rooms; leases run through 8/31/27
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,673
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,113,460
$1.1M
Cap Rate 7%
$795,329
$795.3K
Cap Rate 9%
$618,589
$618.6K
Market Conditions
NOI Build-Up for 2,631 SF
Gross rent
$83.7K $31.80/SF
− Vacancy
−$4.1K −$1.57/SF
EGI
$79.5K $30.23/SF
− OpEx
−$23.9K −$9.07/SF
NOI
$55.7K $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 Rate 5%
$1,113,460
Cap Rate 7%
$795,329
Cap Rate 9%
$618,589
Alternative Uses
Best Use
Multifamily LT 5
$795.3K
$695.9K – $927.9K
NOI $55,673 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$747.8K
$654.4K – $872.5K
NOI $52,348 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,028 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,379
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - The upper-level residence spans two floors and includes four bedrooms and four bathrooms.
Where is this triplex located?
The property is located at 34 Central Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: Three‑unit Victorian property built in 1900 and listed on the Historical Register; Upper‑level owner’s residence spans two floors, with 4 bedrooms and 4 bathrooms; Two first‑floor apartments, each with 1 bedroom and 3 rooms; leases run through 8/31/27
