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    Spacious Three-Family Near Union Square Title is generated by Realmo AI

    9 Sanborn Ave, Somerville, MA 02143

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    Claim this Listing
    For Sale
    $1,750,000

    Well-maintained three-family property with landscaped yard, delivered vacant.

    Type:3 Family - 3 Units Up/Down
    Property size:
    3,476 SF
    Price / SF:
    $503/SF
    Added:
    Apr 8, 2026
    Days on Market:
    62
    Last Refresh:
    Apr 20 at 7:10 pm

    Property Features for 9 Sanborn Ave

    General Information

    Standard status
    Active
    Size
    3,476 SF
    Property subtype
    3 Family - 3 Units Up/Down

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    The Petrowsky Jones Group

    Listing agent The Petrowsky Jones Group

    Listing office Compass

    Listing date Apr 8, 2026

    Source Lockandkeyre

    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

    HighLights

    • Delivered vacant: Opportunity for immediate occupancy or rental income from all three units.
    • Prime location: Situated just a block from Union Square.
    • Updated systems: Recent forced air, hot water tanks, updated electric, and perimeter drain system.
    • Multiple decks: Each unit features a private deck.
    • Well‑maintained: Landscaped yard, fine wood flooring, and a well‑maintained slate roof.
    • Flexible unit layouts: Unit 3 offers a flexible 3‑bedroom layout, while Unit 2 has an open plan with a sunny study.

    Overview

    This spacious three-family property is located just a block outside of Union Square. The property features a landscaped yard with mature plantings. Unit 3, which is vacant, offers a flexible layout with two large bedrooms, one smaller bedroom, and one bathroom, along with views from the deck. Unit 2, currently owner-occupied, has an open plan with two bedrooms and a sunny study, an eat-in kitchen, and a roomy deck. Unit 1, which will be delivered vacant, has a one-bedroom layout with a newer kitchen and bath, and a deck above the yard. The south-facing orientation provides ample light throughout the day, with morning sun in the kitchen. The property includes high ceilings, period details, and fine wood flooring. Each apartment has a recent forced air system by gas and a recent gas hot water tank. Laundry facilities are located in the basement with newer machines. Additional features include a perimeter drain system, updated electric, and a well-maintained slate roof. A two-car driveway offers parking, with the potential for expansion. The property size is 3476 square feet and will be delivered vacant.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0960313
    Latitude
    42.3814473

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    FAQs

    What type of property is this?
    Triplex - Well-maintained three-family property with landscaped yard, delivered vacant.
    Where is this triplex located?
    The property is located at 9 Sanborn Ave Somerville, MA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Delivered vacant: Opportunity for immediate occupancy or rental income from all three units.; Prime location: Situated just a block from Union Square.; Updated systems: Recent forced air, hot water tanks, updated electric, and perimeter drain system.
    (617) 504-6330
    We can help!
    Listing Contact
    The Petrowsky Jones Group
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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