Four-Unit Multifamily Townhouse-Style
416-422 McGrath Highway Somerville, MA 02143
416-422 McGrath Highway, Somerville, MA, 02143
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For Sale
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Four-unit property with direct-entry units, in-unit laundry, and central air, plus outdoor space at the rear.
Property Size4,725 SF
Price / SF$486.77
Days on Market41
Property Features for 416-422 McGrath Highway
General Information
- Standard status
- Active
- Size
- 4,725 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1920
Listing Agency
NorthEast Private Client Group Newton
Listed by
Tim McGeary · License #MA 100283
Source
Crexi
Added: Jun 11 Updated: Jul 10 at 1:59 pm Checked: Jul 20 at 4:15 am
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 NorthEast Private Client Group Newton
Investment Insights
Based on property information with market context.
416-422 McGrath Highway is a four-unit multifamily property featuring two 3-bedroom, 2-bath residences and two 4-bedroom, 2-bath residences. Each unit has direct-entry access, creating a townhouse-style feel with private entry. Interior amenities include in-unit laundry and central air conditioning, and utilities are separately metered with tenants responsible for their own gas and electric. Outdoor space is located at the rear of the property. The building was gut renovated in 2016 and is maintained by the current ownership.
The property is located at the foot of Prospect Hill in Somerville, Massachusetts, with convenient access to Cambridge, Boston, Assembly Row, Union Square, and Kendall Square. The surrounding area also offers numerous public transportation options, supporting resident connectivity to major employment, educational, and entertainment destinations.
With a balanced mix of unit sizes, the property can suit tenants seeking either three- or four-bedroom layouts while benefiting from in-unit laundry and central air. For buyers and operators, it presents a straightforward four-unit configuration with townhouse-style direct entry, separately metered utilities, and a renovation history dating to 2016.
The property is located at the foot of Prospect Hill in Somerville, Massachusetts, with convenient access to Cambridge, Boston, Assembly Row, Union Square, and Kendall Square. The surrounding area also offers numerous public transportation options, supporting resident connectivity to major employment, educational, and entertainment destinations.
With a balanced mix of unit sizes, the property can suit tenants seeking either three- or four-bedroom layouts while benefiting from in-unit laundry and central air. For buyers and operators, it presents a straightforward four-unit configuration with townhouse-style direct entry, separately metered utilities, and a renovation history dating to 2016.
Key Highlights
- 4‑unit multifamily at 416‑422 McGrath Highway with (2) 3BR/2BA and (2) 4BR/2BA units
- Direct‑entry access to each apartment for townhouse‑style privacy
- In‑unit laundry and central air in all apartments
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 | $150.3k | $31.80 |
| − Vacancy | −$7.4k | −$1.57 |
| EGI | $142.8k | $30.23 |
| − OpEx | −$42.8k | −$9.07 |
| NOI | $100.0k | $21.16 |
4,725 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.67M
NOI $99,983 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$1.34M
$1.18M – $1.57M
NOI $94,012 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$2.80M
$2.45M – $3.26M
NOI $195,803 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit property with direct-entry units, in-unit laundry, and central air, plus outdoor space at the rear.
Where is this quadplex located?
The property is located at 416-422 McGrath Highway Somerville, MA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 4‑unit multifamily at 416‑422 McGrath Highway with (2) 3BR/2BA and (2) 4BR/2BA units; Direct‑entry access to each apartment for townhouse‑style privacy; In‑unit laundry and central air in all apartments
