Updated Two-Unit
For Sale
$1,299,000
7 Stickney Ave, Somerville, MA 02145
Three-level residence with renovated apartments, flexible bonus rooms, and off-street parking near transit and major universities.
Property Size3,160 SF
Lot Size0.08 Acres
Price / SF$385.80
Days on Market172
Property Features for 7 Stickney Ave
General Information
Standard status
Active
Size
3,160 SF
Total Parking Spaces
6
Lot size
0.08 Acres
Property subtype
Multi-Family
Zoning
NR
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,772
Building Details
Building Size
3,160 SF
Year Built
1920
Stories
3
Listing Agency:
Best Deal Realty, LLC
Listed By:
Suzanne Hickey · License #449529259
(857) 636-8500
Source:
Churchillprop
Added: Apr 26
Changed: Oct 10
Last Checked: Oct 12 at 6:08PM
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 Best Deal Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1920, this duplex offers two updated apartments arranged across three levels. The property includes seven bedrooms, additional bonus rooms, two full bathrooms, and one half bath. Flexible rooms can support office, storage, closet, or mudroom functions. Interior improvements include refreshed kitchens with newer cabinetry and countertops, recent paint in many rooms, and a combination of hardwood, tile, and 2022 wall-to-wall carpeting.
Major capital improvements include newer heating systems, roofing, soffits, fascia, gutters, and numerous windows. The property sits on a 3,285-square-foot lot and provides parking for up to six vehicles. Zoning is NR. Transit and regional access include the Green Line, bus routes, and major highways, with Tufts, MIT, and Harvard nearby.
Major capital improvements include newer heating systems, roofing, soffits, fascia, gutters, and numerous windows. The property sits on a 3,285-square-foot lot and provides parking for up to six vehicles. Zoning is NR. Transit and regional access include the Green Line, bus routes, and major highways, with Tufts, MIT, and Harvard nearby.
Key Highlights
- Two apartments across three levels with seven bedrooms
- 3,285‑square‑foot lot with parking for up to 6 cars
- Two full baths plus one half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,247
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,424,940
$1.4M
Cap Rate 7%
$1,017,814
$1.0M
Cap Rate 9%
$791,633
$791.6K
Market Conditions
NOI Build-Up for 3,367 SF
Gross rent
$107.1K $31.80/SF
− Vacancy
−$5.3K −$1.57/SF
EGI
$101.8K $30.23/SF
− OpEx
−$30.5K −$9.07/SF
NOI
$71.2K $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%
$1,424,940
Cap Rate 7%
$1,017,814
Cap Rate 9%
$791,633
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$890.6K – $1.19M
NOI $71,247 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$957.0K
$837.4K – $1.12M
NOI $66,992 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$1.99M
$1.74M – $2.33M
NOI $139,528 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,034
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
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Frequently Asked Questions
What type of property is this?
Duplex - Three-level residence with renovated apartments, flexible bonus rooms, and off-street parking near transit and major universities.
Where is this duplex located?
The property is located at 7 Stickney Ave Somerville, MA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two apartments across three levels with seven bedrooms; 3,285‑square‑foot lot with parking for up to 6 cars; Two full baths plus one half bath
