128 Central Street Somerville — Photo 1 of 9
$1,700,000
Investment Analysis — 128 Central Street
Somerville, MA 02145 — Central Hill
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 6-unit multi-family in 02145 carries an estimated $20,100/mo in gross rent — about a 10.02% cap rate and $170,351/yr in estimated NOI at the $1,700,000 list price. Adjust every assumption in the calculator below.
Beds
14
Baths
14
SqFt
8,538
Style
5-9 Family
Built
1920
Development opportunity on a 5,990 sf lot in Somerville. Plans in hand for two semi-attached three-family buildings - six units in all - with over 8,500 sf of gross buildable space. House is vacant and ready for demo. The design borrows the neighborhood's mansard rooflines and adds a modern edge: warm wood-toned accent panels, black-framed windows, front balconies, and a roof deck above it all. Each building is drawn with a two-level unit spanning the lower and first floors, a full second floor, and a top floor tucked under the mansard, plus rear decks, exterior stairs, and window wells that pull light below grade. Four parking spaces. Barely a block to the Somerville Community Path and the Hoyt-Sullivan Playground, and equidistant to the Gilman Square and Lowell Street Green Line stops - a transit-minded project. Sarma, Highland Kitchen, Magoun Square nearby.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Neighborhood
Public Transportation • Shopping • Pool • Park • Walk/Jog Trails • Bike Path
Geography
Listing Agent: Lauren Holleran Team
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73580460
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