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Financial
Distress signals
Property profile

379 Somerville Ave Somerville, MA 02143

FOR SALE
Other investment properties
Property ID
US38-0919444
14,935 SF 0.08 ac lot Built 2022
Last sale Jul 2020 · $1,750,000
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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379 Somerville Ave, Somerville, MA 02143 For Sale
$6,700,000 14,935 SF
379 Somerville Ave, Somerville, MA 02143
View Listing

Property summary

AI-generated overview

This modern, condo-quality residential unit is located in a building approximately one year old and is configured with central air conditioning, in-unit laundry, and a private balcony. The building provides amenities including bike storage and is described as pet-friendly. The unit is situated in the Union Square area, within walking distance of the Green Line. The property has no on-site parking, and residents are reported as ineligible for on-street residential parking permits under regulations of the Somerville Traffic Commission.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$16k
Tax billed · 2022
Assessed value · 2024$1.49M
Assessed land$780k
Assessed improvement$713k
Effective rate1.05%

Value estimate

· Oct 2026
$2.09M
$1.88M – $2.29M
AI approach$2.05M
NOI build-up
Gross scheduled income$335k
Vacancy & credit loss−$17k
Operating expenses−$143k
NOI · 2.61% cap applied$175k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$475/SF
ZIP average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$237 – $754
Qualifying comparables5

Cap rate analysis

How does the asset earn?
2.61%
$175k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CBD
JurisdictionSOMERVILLE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm43.8
Realty agency31.6
Nail Salon19.2

Location

379 Somerville Ave Somerville, MA 02143
County assessor Recorded deeds · 6 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
33 Bow, Somerville, MA 02143-2937 $3,494,400 Nov 2024 25,749 SF
1 Beacon, Somerville, MA 02143-4377 $4,250,000 Jul 2024 6,812 SF
508 Somerville, Somerville, MA 02143-3359 $1,245,000 Jun 2024 7,472 SF
380 Somerville, Somerville, MA 02143-2952 $2,400,000 Dec 2023 9,282 SF
361 Somerville, Somerville, MA 02143-2946 $2,320,000 May 2022 6,722 SF
300 Somerville, Somerville, MA 02143-3307 $3,250,000 Sep 2019 11,646 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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