Somerville Three-Family
63 Webster Ave, Somerville, MA 02143
For Sale
$1,625,000
Pending
Three apartments are leased through August 2027, with recent upgrades to the building and first-floor unit.
Property Size3,327 SF
Days on Market34
Property Features for 63 Webster Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Additional Details
Public Transit
Multifamily Units
Tenant in Place
Amenities
backyard patio
coin-operated laundry
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
RE/MAX Real Estate Center
(617) 576-3800
Listed By:
Ed Abrams
(617) 388-1764
Source:
Iverty
Added: Oct 8
Changed: Nov 7
Last Checked: Nov 8 at 7:07AM
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 RE/MAX Real Estate Center
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Investment Insights
Based on property information with market context.
This Somerville triplex contains 15 rooms, including 9 bedrooms and 3 baths. The 1910 property has received a range of updates: a replacement roof, refreshed siding, electrical work, and hardwood flooring. The first-floor apartment has been renovated, while recent basement work addressed plumbing and concrete. Coin-operated laundry is also located in the basement.
The property is steps from the Union Square Green Line station, with access to Cambridge, Kendall Square, Inman Square, and Boston. MR5 zoning applies. Outdoor features include a backyard patio, paved driveway, and one off-street parking space. All three apartments are leased through 8/31/2027.
The property is steps from the Union Square Green Line station, with access to Cambridge, Kendall Square, Inman Square, and Boston. MR5 zoning applies. Outdoor features include a backyard patio, paved driveway, and one off-street parking space. All three apartments are leased through 8/31/2027.
Key Highlights
- Three‑family property with 15 rooms, 9 bedrooms, and 3 baths
- MR5 zoning
- Leased through 8/31/2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,401
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,020
$1.4M
Cap Rate 7%
$1,005,729
$1.0M
Cap Rate 9%
$782,233
$782.2K
Market Conditions
NOI Build-Up for 3,327 SF
Gross rent
$105.8K $31.80/SF
− Vacancy
−$5.2K −$1.57/SF
EGI
$100.6K $30.23/SF
− OpEx
−$30.2K −$9.07/SF
NOI
$70.4K $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%
$1,408,020
Cap Rate 7%
$1,005,729
Cap Rate 9%
$782,233
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$880.0K – $1.17M
NOI $70,401 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$945.7K
$827.5K – $1.10M
NOI $66,196 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,870 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,767
Businesses Nearby
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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
$930,200
Median Home Value
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Market
Average Price Trend$/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 - Three apartments are leased through August 2027, with recent upgrades to the building and first-floor unit.
Where is this triplex located?
The property is located at 63 Webster Ave Somerville, MA.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Three‑family property with 15 rooms, 9 bedrooms, and 3 baths; MR5 zoning; Leased through 8/31/2027
