Three-Family Income
90 Conwell Avenue Somerville, MA 02144
90 Conwell Avenue, Somerville, MA, 02144
$1,949,900
For Sale
$1,949,900
Three-family residence with separate systems, eat-in kitchens, full baths, and coin-operated laundry on-site.
Property Size3,185 SF
Price / SF$612.21
Days on Market94
Property Features for 90 Conwell Avenue
General Information
- Standard status
- Active
- Size
- 3,185 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Compass
Listed by
Skambas Realty Group
(617) 680-0690
Source
Inrealtyinc
Added: Apr 20 Updated: Jul 21 at 5:39PM Checked: Jul 21 at 5:39PM
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
Investment Insights
Based on property information with market context.
This three-family income property offers a well-proportioned layout with four bedrooms in each unit, along with eat-in kitchens and full baths. The building includes separate systems and composite front porches installed in 2016. Additional on-site income is supported by coin-operated laundry. Unit-2 was renovated in 2024 and Unit-3 was renovated in 2022.
The property is described as being in the Tufts University area of Somerville, with convenient access to public transportation, including the Green Line Extension and service to Teele Square and Davis Square, as well as the Red Line.
The offering includes three garage parking spaces, which can support resident parking needs. Total rent roll, including coin-operated laundry, is listed as $166,291.
The property is described as being in the Tufts University area of Somerville, with convenient access to public transportation, including the Green Line Extension and service to Teele Square and Davis Square, as well as the Red Line.
The offering includes three garage parking spaces, which can support resident parking needs. Total rent roll, including coin-operated laundry, is listed as $166,291.
Key Highlights
- 3‑family property in the Tufts University area (90 Conwell Ave, Somerville), first listed since 1988
- Year built 1910; each unit features 4 bedrooms, eat‑in kitchen, and full bath
- 3‑garage parking spaces on‑site plus composite front porches (2016)
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 | $101.3k | $31.80 |
| − Vacancy | −$5.0k | −$1.57 |
| EGI | $96.3k | $30.23 |
| − OpEx | −$28.9k | −$9.07 |
| NOI | $67.4k | $21.16 |
3,185 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$962.8K
$842.5K – $1.12M
NOI $67,396 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$905.3K
$792.1K – $1.06M
NOI $63,371 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $131,986 @ 7.0% cap · market cap 6.77%
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-family residence with separate systems, eat-in kitchens, full baths, and coin-operated laundry on-site.
Where is this triplex located?
The property is located at 90 Conwell Avenue Somerville, MA.
What is the asking price?
The asking price for this property is $1,949,900.
What are key features of this property?
This property features: 3‑family property in the Tufts University area (90 Conwell Ave, Somerville), first listed since 1988; Year built 1910; each unit features 4 bedrooms, eat‑in kitchen, and full bath; 3‑garage parking spaces on‑site plus composite front porches (2016)
