Multifamily Property with Paved
35-37 Boston, Somerville, MA 02143
For Sale
New
$2,200,000
The 1910-built property offers 5,242 square feet and NR zoning in Somerville.
Property Size1,910 SF
Price / SF$419.69
Days on Market4
Property Features for 35-37 Boston
General Information
Standard status
Size
Property subtype
Lease Term
Building Details
Building Size
Year Built
Listing Agency:
Wilson Wolfe Real Estate
(978) 658-2345
Listed By:
Carolyn Giroux
(978) 604-2312
Source:
Iverty
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 8:50AM
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 Wilson Wolfe Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property contains 5,242 square feet and dates to 1910. Interior space includes a full, unfinished area, while the exterior is paved. The property is zoned NR.
Located at 35-37 Boston in Somerville, Massachusetts, the property is in Middlesex County.
Located at 35-37 Boston in Somerville, Massachusetts, the property is in Middlesex County.
Key Highlights
- 5,242 square feet of multifamily property
- Built in 1910
- Full, unfinished interior area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,298
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,085,960
$2.1M
Cap Rate 7%
$1,489,971
$1.5M
Cap Rate 9%
$1,158,867
$1.2M
Market Conditions
NOI Build-Up for 5,242 SF
Gross rent
$200.0K $38.16/SF
− Vacancy
−$10.4K −$1.98/SF
EGI
$189.6K $36.18/SF
− OpEx
−$85.3K −$16.28/SF
NOI
$104.3K $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%
$2,085,960
Cap Rate 7%
$1,489,971
Cap Rate 9%
$1,158,867
Alternative Uses
Best Use
Apartment 5plus
$1.49M
$1.30M – $1.74M
NOI $104,298 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.10M
$2.72M – $3.62M
NOI $217,227 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
2,313
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
$930,200
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Somerville, MA
Properties on Market for Multifamily properties in Somerville
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The 1910-built property offers 5,242 square feet and NR zoning in Somerville.
Where is this multifamily property located?
The property is located at 35-37 Boston Somerville, MA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 5,242 square feet of multifamily property; Built in 1910; Full, unfinished interior area
