3-Unit Row
419 Somerville Ave., Somerville, MA 02143
For Sale
$1,149,000
One apartment is occupied at market rent, while the other two units are vacant.
Property Size1,887 SF
Price / SF$608.90
Days on Market52
Property Features for 419 Somerville Ave.
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
ERA Key Realty Services
(978) 256-6575
Listed By:
Angela Caputo Griswold
(857) 523-9053
Source:
Churchillprop
Added: Sep 24
Changed: Nov 4
Last Checked: Nov 12 at 4:55AM
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, three-unit row house was built in 1900 and is zoned UR. One unit is occupied by a tenant at will paying market rent; the other two are vacant. The ground level previously operated as a storefront, and future use should be evaluated by the buyer.
The property is on Somerville Ave. Market Basket is directly across the street, with Union Square, Green Line service, bus service, restaurants, cafés, and shops nearby. Two additional three-family buildings from the same owner are also available, with the option to acquire one, two, or all three properties.
The property is on Somerville Ave. Market Basket is directly across the street, with Union Square, Green Line service, bus service, restaurants, cafés, and shops nearby. Two additional three-family buildings from the same owner are also available, with the option to acquire one, two, or all three properties.
Key Highlights
- Three‑unit row house with 1,887 square feet
- Built in 1900; zoned UR
- One unit occupied at market rent; two units vacant
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.
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Property Analytics
Who owns this building?
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,250
Businesses Nearby
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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
$930,200
Median Home Value
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Market
Average Price Trend$/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 - One apartment is occupied at market rent, while the other two units are vacant.
Where is this triplex located?
The property is located at 419 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 row house with 1,887 square feet; Built in 1900; zoned UR; One unit occupied at market rent; two units vacant
