Triplex with Private Rear
For Sale
$1,649,900
45-47 Pearson Ave, Somerville, MA 02144
Three-unit residential property with varied unit sizes, laundry hookups, and off-street parking.
Property Size3,357 SF
Price / SF$491.48
Days on Market96
Property Features for 45-47 Pearson Ave
General Information
Standard status
Active
Size
3,357 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR, 1 x 1BR, 1 x 2BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Amenities
private rear deck
in-unit washer/dryer hookups
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Keller Williams Realty Boston Northwest
Listed By:
Ed Greable & Company
(617) 497-8900
Source:
Livianhomesct
Added: Jul 17
Changed: Oct 4
Last Checked: Oct 7 at 2:10PM
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 Keller Williams Realty Boston Northwest
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Investment Insights
Based on property information with market context.
This three-unit residential building contains 3,357 square feet and was built in 1900. The unit mix includes one three-bedroom, one one-bedroom, and one two-bedroom apartment. Each unit has a private rear deck and in-unit washer and dryer hookups, while the property also provides off-street parking.
The property is located on Pearson Avenue in Somerville, steps from Davis Square and the Green Line extension. The surrounding transit access includes two major rail lines, supporting convenient connectivity for residents. The three-unit configuration and varied floor plans offer a straightforward multifamily layout for an investor or an owner-occupant.
The property is located on Pearson Avenue in Somerville, steps from Davis Square and the Green Line extension. The surrounding transit access includes two major rail lines, supporting convenient connectivity for residents. The three-unit configuration and varied floor plans offer a straightforward multifamily layout for an investor or an owner-occupant.
Key Highlights
- 3,357‑square‑foot building with three residential units
- Unit mix includes 3BR, 1BR, and 2BR apartments
- Private rear deck and in‑unit washer/dryer hookups for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,035
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,420,700
$1.4M
Cap Rate 7%
$1,014,786
$1.0M
Cap Rate 9%
$789,278
$789.3K
Market Conditions
NOI Build-Up for 3,357 SF
Gross rent
$106.8K $31.80/SF
− Vacancy
−$5.3K −$1.57/SF
EGI
$101.5K $30.23/SF
− OpEx
−$30.4K −$9.07/SF
NOI
$71.0K $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%
$1,420,700
Cap Rate 7%
$1,014,786
Cap Rate 9%
$789,278
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$887.9K – $1.18M
NOI $71,035 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$954.2K
$834.9K – $1.11M
NOI $66,793 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,113 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,970
Businesses Nearby
Explore this area
Business Placement
Demographics for 02144, MA
25,497
Population
11,881
Households
2.1
Avg Household Size
31
Median Age
75%
College-Educated
96%
High-School Grad
1.1 sq mi
ZIP Area
23,179
Density / Sq Mi
$140,591
Median Household Income
$74,639
Median Earnings
$2,654
Median Rent
$987,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with varied unit sizes, laundry hookups, and off-street parking.
Where is this triplex located?
The property is located at 45-47 Pearson Ave Somerville, MA.
What is the asking price?
The asking price for this property is $1,649,900.
What are key features of this property?
This property features: 3,357‑square‑foot building with three residential units; Unit mix includes 3BR, 1BR, and 2BR apartments; Private rear deck and in‑unit washer/dryer hookups for each unit
