Three-Unit Multifamily
81 Marion Street Somerville, MA 02143
81 Marion Street, Somerville, MA, 02143
$1,549,000
For Sale
$1,549,000
Three-unit income property with 7 bedrooms, 3 baths, and in-unit washer/dryer in each unit.
Property Size3,420 SF
Price / SF$452.92
Days on Market52
Property Features for 81 Marion Street
General Information
- Standard status
- Active
- Size
- 3,420 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing Agency
Leading Edge Real Estate
Listed by
Melanie Lentini
(603) 548-5315
Source
Burkelordrealestate
Added: May 31 Updated: Jul 20 at 2:09 am Checked: Jul 20 at 2:09 am
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 Leading Edge Real Estate
Investment Insights
Based on property information with market context.
Located at 81 Marion Street, Somerville, this three-unit multifamily residence is configured with 7 bedrooms and 3 bathrooms, and includes an in-unit washer/dryer in each unit. The property’s layout supports straightforward, tenant-friendly day-to-day living and consistent rental operations.
The area provides commuting and local convenience, with the Union Square Green Line station under one-half mile away and multiple MBTA bus lines nearby. Inman Square and Cambridge are also nearby, and day-to-day needs are described as readily accessible, including Whole Foods and local dining.
The area provides commuting and local convenience, with the Union Square Green Line station under one-half mile away and multiple MBTA bus lines nearby. Inman Square and Cambridge are also nearby, and day-to-day needs are described as readily accessible, including Whole Foods and local dining.
Key Highlights
- Three‑unit income property with 7 bedrooms and 3 bathrooms
- In‑unit washer/dryer in each unit
- Union Square Green Line station is under 1/2 mile away for commuter access
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 | $108.8k | $31.80 |
| − Vacancy | −$5.4k | −$1.57 |
| EGI | $103.4k | $30.23 |
| − OpEx | −$31.0k | −$9.07 |
| NOI | $72.4k | $21.16 |
3,420 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$904.6K – $1.21M
NOI $72,368 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$972.1K
$850.6K – $1.13M
NOI $68,046 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,724 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit income property with 7 bedrooms, 3 baths, and in-unit washer/dryer in each unit.
Where is this triplex located?
The property is located at 81 Marion Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Three‑unit income property with 7 bedrooms and 3 bathrooms; In‑unit washer/dryer in each unit; Union Square Green Line station is under 1/2 mile away for commuter access
