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Triple Decker Apartment Unit
For Lease
$4,010/Mo

48 Derby St # 1, Somerville, MA 02144

Renovated triple decker unit with central A/C, brand-new kitchen, and ceramic-tiled baths.

Space SizeContact for details
Property Size1,250 SF
Days on Market213

Property Features for 48 Derby St # 1

General Information

Standard status Active
Size 1,250 SF
Property subtype Apartment

Building Details

Building Size 1,250 SF
Listing Agency: Fortune RE
Listed By: Julian Lewis
Source: Allisonmazer
Added: Jan 12 Changed: Aug 8 Last Checked: Aug 12 at 3:40PM

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 Fortune RE

Investment Insights

Based on property information with market context.

This renovated triple decker apartment unit (#1) features central A/C, fully insulated construction, and thermopane high-efficiency windows. Interior updates include brand-new bathrooms with ceramic tile and a new high-end kitchen with dishwasher, granite countertops, and stainless steel GE appliances, along with new cabinets and high-quality hardware. Hardwood floors add to the finished feel.

The home also includes decks off the back. Located in Winter Hill, Somerville, the unit is offered for rent at 48 Derby St # 1.

Key Highlights

  • Triple decker in Winter Hill, Somerville
  • Central A/C
  • Brand‑new kitchen with GE stainless steel appliances, granite counters, and dishwasher (DW)

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Accounting Firm Acupuncture (Bike/Boat/Book/etc) Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,586
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Renovated triple decker unit with central A/C, brand-new kitchen, and ceramic-tiled baths.
Where is this triplex located?
The property is located at 48 Derby St # 1 Somerville, MA.
What is the lease rate?
The lease rate is $4,010/Mo.
What are key features of this property?
This property features: Triple decker in Winter Hill, Somerville; Central A/C; Brand‑new kitchen with GE stainless steel appliances, granite counters, and dishwasher (DW)
More about this property
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