Remodeled Three-Family Near Green
39 Bradley Street Somerville, MA 02145
For Sale
$1,675,000
Pending
Updated three-family near Gilman Sq Green Line T station.
Property Size3,111 SF
Days on Market106
Property Features for 39 Bradley Street
General Information
- Standard status
- Pending
- Size
- 3,111 SF
- Property subtype
- 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1900
Listing Agency:
Northeastern Realty Group
(617) 592-6670
Listed By:
The GBRI Team
(617) 592-6670
Source:
Lockandkeyre
Added: Apr 9
Changed: Jul 10
Last Checked: Jul 23 at 2:43AM
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
Investment Insights
Based on property information with market context.
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.
Key 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
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 | $98.9k | $31.80 |
| − Vacancy | −$4.9k | −$1.57 |
| EGI | $94.0k | $30.23 |
| − OpEx | −$28.2k | −$9.07 |
| NOI | $65.8k | $21.16 |
3,111 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$940.4K
$822.9K – $1.10M
NOI $65,830 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$884.3K
$773.7K – $1.03M
NOI $61,898 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,919 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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 $1,675,000.
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
