Triplex with Three-Deck
49 Porter Street Somerville, MA 02143
49 Porter Street, Somerville, MA, 02143
$2,396,000
For Sale
$2,396,000
Move-in ready triplex with high ceilings, original hardwood floors, and multiple private decks plus a shared yard.
Property Size4,110 SF
Price / SF$582.97
Days on Market141
Property Features for 49 Porter Street
General Information
- Standard status
- Active
- Size
- 4,110 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
eXp Realty
Listed by
Montivista Real Estate Group
(603) 548-5315
Source
Burkelordrealestate
Added: Mar 4 Updated: Jul 21 at 8:01AM Checked: Jul 22 at 7:30AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This well-maintained, move-in ready triplex offers a classic three-deck configuration with generous layouts throughout. Interior features include high ceilings, original hardwood floors, and abundant natural light. Outdoor space includes multiple private decks and a shared yard, providing flexible options for everyday use or entertaining.
Located in Somerville’s Spring Hill neighborhood, the property is positioned between Porter and Davis Squares with a 91 Walk Score. It offers convenient access to MBTA Red Line service, commuter rail, local shops and dining, and nearby universities including Harvard, Lesley, and Tufts.
The functional layout supports a range of residential income and owner-occupant use scenarios, making it a practical fit for buyers seeking a well-kept property with multiple outdoor living areas.
Located in Somerville’s Spring Hill neighborhood, the property is positioned between Porter and Davis Squares with a 91 Walk Score. It offers convenient access to MBTA Red Line service, commuter rail, local shops and dining, and nearby universities including Harvard, Lesley, and Tufts.
The functional layout supports a range of residential income and owner-occupant use scenarios, making it a practical fit for buyers seeking a well-kept property with multiple outdoor living areas.
Key Highlights
- Move‑in ready triplex built in 1900 with high ceilings and original hardwood floors
- Classic three‑deck configuration with multiple private decks plus access to a shared yard
- Abundant natural light and generous layouts throughout
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.7k | $31.80 |
| − Vacancy | −$6.5k | −$1.57 |
| EGI | $124.2k | $30.23 |
| − OpEx | −$37.3k | −$9.07 |
| NOI | $87.0k | $21.16 |
4,110 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $86,969 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,775 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,317 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Move-in ready triplex with high ceilings, original hardwood floors, and multiple private decks plus a shared yard.
Where is this triplex located?
The property is located at 49 Porter Street Somerville, MA.
What is the asking price?
The asking price for this property is $2,396,000.
What are key features of this property?
This property features: Move‑in ready triplex built in 1900 with high ceilings and original hardwood floors; Classic three‑deck configuration with multiple private decks plus access to a shared yard; Abundant natural light and generous layouts throughout
