3-Unit Brick
417 Somerville Ave., Somerville, MA 02143
For Sale
$1,149,000
UR-zoned property sits across from Market Basket, with Green Line and bus service nearby.
Property Size1,887 SF
Price / SF$608.90
Days on Market20
Property Features for 417 Somerville Ave.
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Public Transit
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Full,Interior Entry,Concrete
3
No
5
Public Record
Living Room,Kitchen
1887
Zero Lot Line
Public
Brick/Mortar
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
ERA Key Realty Services
Listed By:
Angela Caputo Griswold
(857) 523-9053
Source:
Jrpierre
Added: Oct 19
Changed: Nov 4
Last Checked: Nov 6 at 8:14AM
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 ERA Key Realty Services
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Investment Insights
Based on property information with market context.
This 1,887-square-foot brick triplex in Somerville contains three units and dates to 1900. One unit is vacant, while the other two are occupied by tenants at will. The ground level previously housed a storefront; buyers should verify any potential future use.
Market Basket is directly across the street, and Union Square, Green Line service, bus connections, restaurants, cafés, and shops are nearby. The property is zoned UR.
Market Basket is directly across the street, and Union Square, Green Line service, bus connections, restaurants, cafés, and shops are nearby. The property is zoned UR.
Key Highlights
- Three‑unit brick building with 1,887 square feet
- Built in 1900; zoned UR
- One vacant unit and two units occupied by tenants at will
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,930
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$798,600
$798.6K
Cap Rate 7%
$570,429
$570.4K
Cap Rate 9%
$443,667
$443.7K
Market Conditions
NOI Build-Up for 1,887 SF
Gross rent
$60.0K $31.80/SF
− Vacancy
−$3.0K −$1.57/SF
EGI
$57.0K $30.23/SF
− OpEx
−$17.1K −$9.07/SF
NOI
$39.9K $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%
$798,600
Cap Rate 7%
$570,429
Cap Rate 9%
$443,667
Alternative Uses
Best Use
Multifamily LT 5
$570.4K
$499.1K – $665.5K
NOI $39,930 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$536.4K
$469.3K – $625.8K
NOI $37,545 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$1.12M
$977.5K – $1.30M
NOI $78,197 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,250
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
$930,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Somerville, MA
Properties on Market for Triplexes in Somerville
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - UR-zoned property sits across from Market Basket, with Green Line and bus service nearby.
Where is this triplex located?
The property is located at 417 Somerville Ave. Somerville, MA.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Three‑unit brick building with 1,887 square feet; Built in 1900; zoned UR; One vacant unit and two units occupied by tenants at will
