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    Remodeled Three-Family Near Green Line Title is generated by Realmo AI

    39 Bradley Street, Somerville, MA 02145

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    Claim this Listing
    For Sale
    $1,750,000

    Updated three-family near Gilman Sq Green Line T station.

    Type:3 Family - 3 Units Up/Down
    Property size:
    3,111 SF
    Price / SF:
    $562/SF
    Added:
    Apr 9, 2026
    Days on Market:
    61
    Last Refresh:
    Apr 20 at 6:49 pm

    Property Features for 39 Bradley Street

    General Information

    Standard status
    Active
    Size
    3,111 SF
    Property subtype
    3 Family - 3 Units Up/Down

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    The GBRI Team

    Listing agent The GBRI Team

    Listing office Northeastern Realty Group

    Listing date Apr 9, 2026

    Source Lockandkeyre

    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 Northeastern Realty Group

    HighLights

    • Vacant 2nd‑floor apartment ideal for owner‑occupant (projected rent $3650)
    • Unit 1 lease in place until 2027 at $3650 (effective 9‑1‑26)
    • Remodeled kitchens, baths, and building systems with stainless steel appliances and updated cabinets
    • Excellent location: short walk to Gilman Sq Green Line T station (walking score of 90)
    • Utilities separately metered and paid by tenants
    • Updated features include front and rear decks, intercom door system, and common laundry

    Overview

    This remodeled three-family property presents an opportunity for investors or first-time homebuyers. The second-floor apartment is currently vacant, offering the potential for owner occupancy with a projected rent of $3,650, similar to the first-floor unit. The first-floor unit is currently occupied by tenants with a lease in place until 2027, generating $3,650 effective September 1, 2026. The property features updated kitchens, baths, and building systems, including stainless steel appliances, updated cabinets, front and rear decks, an intercom door system, and a rear yard. Common laundry facilities are available for tenants with Reader Card use. Utilities, including water, are separately metered and paid by tenants. Located at 39 Bradley, the property has a walking score of 90 and is a short walk to the new Gilman Sq Green Line T station and Union Square. It also offers quick access to major highways and Boston by car. The property size is 3,111 square feet.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0935372
    Latitude
    42.3893352

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    FAQs

    What type of property is this?
    Triplex - Updated three-family near Gilman Sq Green Line T station.
    Where is this triplex located?
    The property is located at 39 Bradley Street Somerville, MA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Vacant 2nd‑floor apartment ideal for owner‑occupant (projected rent $3650); Unit 1 lease in place until 2027 at $3650 (effective 9‑1‑26); Remodeled kitchens, baths, and building systems with stainless steel appliances and updated cabinets
    (617) 592-6670
    We can help!
    Listing Contact
    The GBRI Team
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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