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Home Massachusetts Multi-Family Homes for Sale

115 Thurston Street Somerville, MA 02145
NEW
24
$6,495,000
Total Beds: 21 Total Baths: 16
Total Units: 9 SQFT: 10711
LOT size: 0.12 Acres
115 Thurston Street
Somerville, MA 02145
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Property Description

Introducing a brand-new Construction 9-unit multifamily ELEVATOR building by Somerville's premier developer, featuring Victorian-inspired architecture and modern craftsmanship. The building includes a mix of two 1-bedroom, two 2-bedroom, and five 3-bedroom units, ideal for rental investment. Additionally, there are 6 garage parking spots, providing secure and convenient parking for residents. With a projected rent roll of $36,000 per month, this property offers strong rental income potential. Residents will also enjoy the beautiful common areas, including a brick patio and a bike rack. The property is a 10-minute walk to the Gilman Station T stop. Rental and condo resale proformas are available upon request. Reach out for your tour today!CALL FOR OFFERS 1/27/25 -12PM
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Property Details

Building Information

  • Total Units: 9
  • Total Floors: 4
  • Total Bedrooms: 21
  • Total Full Baths: 16

Financial

  • APOD Available: Yes
  • Gross Operating Income: 410400
  • Gross Expenses: 71916
  • Net Operating Income: 338484

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1

Construction

  • Year Built: 2024
  • Type: 5-9 Family
  • Foundation Info: Poured Concrete
  • Lead Paint: None
  • Warranty: No

Other Information

  • MLS ID# 73327435
  • Last Updated: 01/19/25

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Map

Seller's Representative: Ryan Taylor, Fortune RE
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1.5
Facilitator Compensation: n/a
Compensation Based On: n/a
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 2025-01-19 11:19:00

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