Updated Triplex with
For Sale
$1,550,000
Pending
68 Flint St, Somerville, MA 02145
Three updated residences feature open-concept living areas, private outdoor spaces, driveway parking, and a walk-out basement.
Property Size3,001 SF
Days on Market185
Property Features for 68 Flint St
General Information
Standard status
Pending
Size
3,001 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
RB
Units
Unit Mix
2 x 2BR, 1 x 1BR
Multifamily Units
3
Additional Details
Road Access
Yes
Amenities
yard
walk-out basement
private balcony
back deck
ductless AC
Building Details
Building Size
3,001 SF
Year Built
1890
Buildings
1
Stories
3
Listing Agency:
Compass
Listed By:
Lewis Carroll Team
(617) 303-0067
Source:
Cjbarrett
Added: Apr 16
Changed: Sep 11
Last Checked: Aug 30 at 10:58AM
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 Compass
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Investment Insights
Based on property information with market context.
This 3,001-square-foot triplex, built in 1890, contains three residences with updated interiors and open-concept kitchen, living, and dining areas. The property includes modern kitchens and baths, a large yard, a two-car driveway, and a walk-out basement. Additional outdoor features include a back deck and private balcony access. The building is located at 68 Flint St in Somerville’s East Somerville area, on a side street near restaurants, shops, and everyday conveniences. RB zoning is provided for the property.
Key Highlights
- Three‑unit multifamily property with 3,001 SF of building area
- Updated interiors throughout, including kitchens and baths
- Open‑concept kitchen, living, and dining areas in all three units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,502
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,270,040
$1.3M
Cap Rate 7%
$907,171
$907.2K
Cap Rate 9%
$705,578
$705.6K
Market Conditions
NOI Build-Up for 3,001 SF
Gross rent
$95.4K $31.80/SF
− Vacancy
−$4.7K −$1.57/SF
EGI
$90.7K $30.23/SF
− OpEx
−$27.2K −$9.07/SF
NOI
$63.5K $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%
$1,270,040
Cap Rate 7%
$907,171
Cap Rate 9%
$705,578
Alternative Uses
Best Use
Multifamily LT 5
$907.2K
$793.8K – $1.06M
NOI $63,502 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$853.0K
$746.4K – $995.2K
NOI $59,710 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$1.78M
$1.55M – $2.07M
NOI $124,361 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,265
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
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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 updated residences feature open-concept living areas, private outdoor spaces, driveway parking, and a walk-out basement.
Where is this triplex located?
The property is located at 68 Flint St Somerville, MA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 3,001 SF of building area; Updated interiors throughout, including kitchens and baths; Open‑concept kitchen, living, and dining areas in all three units
