$1,420,000
●
Multifamily -
Off Market
69 Walnut
Somerville, MA
5 Beds
4 Baths,
1
Half Bath
2,788 Ft²
$2,197,915
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model
About This Property
1800s two family Mansard in Prospect Hill. Gracious rooms,
marble mantle, oversized windows, detail & sense of history.
Gut rehabbed in 2002 to contemporary standards. Over 9ft. ceilings,
light filled & porches. Expansive deck in #2 for warm
evenings & am coffee.Many updates since. Thermador, Subzero & Bosch
appliances. W/D in units. FHA gas & central AC. Yard with
pine, oak & red maple trees. Basement 8ft. 3in. room for expansion.
Delivered vacant as two family or enjoy as grand single family. 2
blocks to future green line extension. Close to Union,
Harvard, Inman, & Davis Sq. Bus to airport, express to MIT/Tech Sq.
Access to 93. On street parking.
Unit Size
2,788 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$538
Property Type
Multifamily
Property Taxes
$970
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 years ago (MLSPIN #72502636)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 1, 2019 | Sold | ||
| Sold | |||
| May 17, 2019 | Listed by RE/MAX Destiny | $1,499,000 | |
| Listed by RE/MAX Destiny | |||
Property Highlights
Parking Available
Parking Details
Parking Features: On Street
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Unit 1(Ceiling Fans, Philadelphia, Crown Molding, Stone/Granite/Solid Counters, High Speed Internet Hookup, Upgraded Cabinets, Upgraded Countertops, Bathroom with Shower Stall, Bathroom With Tub, Bathroom With Tub & Shower, Country Kitchen, Open Floor Plan, Internet Available - Broadband), Unit 2(Ceiling Fans, High Speed Internet Hookup, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Open Floor Plan, Programmable Thermostat, Internet Available - Broadband), Unit 2 Rooms(Living Room, Dining Room, Kitchen, Office/Den)
Appliances: Unit 1(Dishwasher, Disposal, Microwave, Refrigerator - ENERGY STAR, Dryer - ENERGY STAR, Dishwasher - ENERGY STAR, Washer - ENERGY STAR, Rangetop - ENERGY STAR), Unit 2(Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Refrigerator - ENERGY STAR, Dryer - ENERGY STAR, Dishwasher - ENERGY STAR, Washer - ENERGY STAR), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Dryer
Flooring Type: Wood, Hardwood, Unit 1(undefined), Unit 2(Tile Floor, Hardwood Floors)
Laundry Features: Unit 2 Laundry Room
Rooms: 12
Basement: Interior Entry, Sump Pump, Unfinished
Exterior Details
Property Condition: Unit 1 Remodeled, Unit 2 Remodeled
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: 2 Family - 2 Units Up/Down
Stories (Total): 4
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Porch, Deck - Wood
Lead Paint: Unknown
Lot Features: Sloped
Lot Size Area: 0.1
Lot Size Units: Acres
Lot Size Acres: 0.1
Zoning: RA
Parcel Number: 757892
Water Source: Public
Financial Details
Tax Assessed Value: $1,081,700
Tax Annual Amount: $11,639
Utilities Details
Utilities: for Gas Range, for Gas Dryer
Cooling Type: Unit 1(Central Air), Unit 2(Central Air)
Heating Type: Unit 1(Forced Air, Gas), Unit 2(Forced Air, Gas)
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Park, Medical Facility, Bike Path, Highway Access, House of Worship, Public School, T-Station, University
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017