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You are here:
Home Massachusetts Somerville Multi-Family Homes for Sale

25 Temple St. Somerville, MA 02145

$1,750,000
5 Unit
7 Beds
6 Baths
3469 SQFT
0.08 Acre
25 Temple St.
Somerville, MA 02145

Property Description

5-family investment opportunity in the heart of Winter Hill! 25-27 Temple St. is positioned in a transit-oriented pocket of Somerville, directly adjacent to the impending infill development on 299 Broadway (featuring 288 residential units, a pedestrian path and new public park). Just south of I-93 and 0.5 miles north of the Gilman Sq. T Stop (Green Line), the building offers five (5) residential units with very flexible floorplans, as well as an in-law suite and additional square footage on the ground level. Gas and electricity are separately metered for each unit, common laundry is located in the basement, and three (3) parking spaces are apportioned in the driveway along the right-hand-side of the property. Listed at a cumulative sum of just $350,000 per unit, end-users can harness an existing rent roll in an appreciating sector of the city, with the ability to augment unit configurations and heighten return over time.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 9
  • Total Bedrooms: 7
  • Total Full Baths: 6
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Full, Partially Finished, Walk Out

Financial

  • APOD Available: Yes
  • Expenses Source: Pro. Forma Available
  • Gross Operating Income: 102600
  • Net Operating Income: 100200

Utilities

  • Electric Info: 200 Amps, Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73242793
  • Last Updated: 05/31/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
05/31/2024Active$1,750,000$504MLSPIN
05/27/2024New$1,750,000$504MLSPIN

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Seller's Representative: Joe Danisch, Coelho Realty Group LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1
Facilitator Compensation: 0
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-05-31 03:05:00