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Property profile & analytics
OFF-MARKET
Apartment buildings

15-17 Oak Street Pl Somerville, MA 02143

8,600 SF Built 1900
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents two attached two-family homes situated on a sizable 8,600 square foot lot in desirable Somerville, Massachusetts. Centrally located between vibrant Inman Square and Union Square, this property boasts a prime residential setting. Owned and meticulously maintained by the same family for over half a century, this 1900-built property offers 7 bedrooms and 5 bathrooms across its 3,845 square feet of interior living space. The unit configuration includes a 1-bedroom, 1-bathroom unit and a 1-bedroom plus 1-bathroom unit on the first floor, and a 2-bedroom, 1-bathroom unit and a 3-bedroom, 2-bathroom unit on the second floor. Heating is provided by a forced hot air, gas system with six zones (one per floor in each unit). A substantial 2,004 square foot unfinished basement offers significant potential for expansion or additional storage. The property also features a sizeable backyard, a side yard at 17 Oak Street, and a paved driveway at 15 Oak Street providing off-street parking for three vehicles. The City of Somerville separately assesses #15 and #17 for tax purposes

Property profile
Verified
Property type Apartment buildings
Year built 1900
Total area 8,600 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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