Three-Unit Corner-Lot
For Sale
$1,699,000
45 Jackson Rd, Somerville, MA 02145
Three-bedroom apartments, flexible occupancy, private outdoor space, and off-street parking support both residential use and rental operations.
Property Size4,059 SF
Price / SF$418.58
Days on Market96
Property Features for 45 Jackson Rd
General Information
Standard status
Active
Size
4,059 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Zoning
RB
Net Operating Income
$39,060
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$14,502
Amenities
private yard
Building Details
Building Size
4,059 SF
Year Built
1900
Buildings
1
Stories
3
Tenancy
Single
Listing Agency:
Sagan Harborside Sotheby's International Realty
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: May 26
Changed: Aug 29
Last Checked: Aug 29 at 1:15PM
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 Sagan Harborside Sotheby's International Realty
Investment Insights
Based on property information with market context.
This 4,059-square-foot triplex, built in 1900, contains three apartments with three bedrooms and one bathroom apiece. The property includes a garage, a private yard, and off-street parking for 4 cars. Two units are vacant, while the third floor is occupied by a long-term at-will tenant, creating a mix of immediate occupancy options and existing tenancy.
The building occupies a corner lot at the end of a quiet dead-end street in Somerville. It is located near Sarma and the Green Line, providing access to nearby dining and rail transportation. RB zoning is identified for the property.
The building occupies a corner lot at the end of a quiet dead-end street in Somerville. It is located near Sarma and the Green Line, providing access to nearby dining and rail transportation. RB zoning is identified for the property.
Key Highlights
- Three‑unit triplex with 4,059 square feet, built in 1900
- Each unit has 3 bedrooms and 1 bathroom
- Units 1 and 2 are vacant; third‑floor unit has a long‑term at‑will tenant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,890
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,717,800
$1.7M
Cap Rate 7%
$1,227,000
$1.2M
Cap Rate 9%
$954,333
$954.3K
Market Conditions
NOI Build-Up for 4,059 SF
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.
Gross rent
$129.1K $31.80/SF
− Vacancy
−$6.4K −$1.57/SF
EGI
$122.7K $30.23/SF
− OpEx
−$36.8K −$9.07/SF
NOI
$85.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,717,800
Cap Rate 7%
$1,227,000
Cap Rate 9%
$954,333
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.07M – $1.43M
NOI $85,890 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.35M
NOI $80,760 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,204 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,947
Businesses Nearby
Explore this area
Business Placement
Demographics for 02145, MA
27,520
Population
12,669
Households
2.2
Avg Household Size
33
Median Age
55%
College-Educated
89%
High-School Grad
1.4 sq mi
ZIP Area
19,657
Density / Sq Mi
$119,167
Median Household Income
$63,629
Median Earnings
$2,377
Median Rent
$784,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-bedroom apartments, flexible occupancy, private outdoor space, and off-street parking support both residential use and rental operations.
Where is this triplex located?
The property is located at 45 Jackson Rd Somerville, MA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Three‑unit triplex with 4,059 square feet, built in 1900; Each unit has 3 bedrooms and 1 bathroom; Units 1 and 2 are vacant; third‑floor unit has a long‑term at‑will tenant
