Three-Unit Row
421 Somerville Ave., Somerville, MA 02143
For Sale
$1,150,000
Two apartments are vacant, while the third is occupied by a tenant at will.
Property Size1,887 SF
Price / SF$609.43
Days on Market124
Property Features for 421 Somerville Ave.
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
ERA Key Realty Services
Listed By:
Angela Caputo Griswold
(857) 523-9053
Source:
Dreamegarealty
Added: Jul 8
Changed: Nov 7
Last Checked: Nov 7 at 7:17PM
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 three-family row house contains 1,887 square feet and dates to 1900. Two of its apartments are vacant; the remaining unit is occupied by a tenant at will.
Market Basket is across the street, with restaurants, cafes, shops, and everyday services nearby. The property is also near Union Square, Green Line service, and bus service.
Market Basket is across the street, with restaurants, cafes, shops, and everyday services nearby. The property is also near Union Square, Green Line service, and bus service.
Key Highlights
- Three‑family row house with 1,887 square feet
- Built in 1900
- Two apartments are vacant; one is occupied by a tenant at will
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,930
Cap Rate
3.47%
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 3.47%
Second Best
Apartment 5plus
$536.4K
$469.3K – $625.8K
NOI $37,545 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$1.12M
$977.5K – $1.30M
NOI $78,197 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 - Two apartments are vacant, while the third is occupied by a tenant at will.
Where is this triplex located?
The property is located at 421 Somerville Ave. Somerville, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three‑family row house with 1,887 square feet; Built in 1900; Two apartments are vacant; one is occupied by a tenant at will
