EXCEPTIONAL FOUR-FAMILY opportunity between Inman Square and Union Square. TWO ATTACHED TWO-FAMILY homes -with separate entrances- are being offered for sale as a package. Lots of residential options- Multi-generational living, live in one and lease the other out, or keep them as 4 rental dwellings. This property has been cared for by the same family for over 50 years. Off street parking on paved driveway of #15 is shared by all tenants. The green backyard space on this 8400 SF lot invites different possibilities. Common laundry in shared basement. #15 and #17 Oak St. are separately assessed for taxes by Somerville and are shown as combined. Visit attached interactive interior floorplans. Please check out the 3D Tour attached. NEXT GROUP SHOWING: 2:30 - 3:30PM, APRIL 3RD/THURSDAY. PLEASE CALL IN ADVANCE.
This home has been viewed 14 times
Last Updated: March 30th, 2025 at 6:08am
Gross Income: $121,800
Gross Expenses: $25,833
Net Income Calc: $95,967
CAP Rate: 4.08%
Annual Expenses for 15-17 Oak St, Somerville MA 02143
Total Gross Expenses (Calculated)$25,833/year
APOD AvailableNo
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$25,833
Annual Income & Unit Breakdown for 15-17 Oak St, Somerville MA 02143
Total Gross Income (Calculated)$121,800
Unit 1
Rental Income2550
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent Includes
Unit 2
Rental Income3000
LeaseY
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingYes
Rent Includes
Unit 3
Rental Income1600
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent Includes
Unit 4
Rental Income3000
LeaseY
Bedrooms3
Bathrooms2 Full
Floor2
Levels in Unit2
HeatingYes
Rent Includes
General Information for 15-17 Oak St, Somerville MA 02143
Listing ID73348387
Property TypeMulti Family / 4 Family
Price$2,350,000 ($611.18/SqFt)
Style
CitySomerville
CountyMiddlesex
MLS AreaInman Square
Neighborhood(s)
Approximate Living Area Total3,845 SqFt
Approximate Lot Size (Acres)0.19 acres
Total Parking3
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame, Stone, Post & Beam
Lot Features
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningNR
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 15-17 Oak St, Somerville MA 02143
Disclosures for 15-17 Oak St, Somerville MA 02143
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$121,800
Total Net Income By Broker$121,800
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Location Information for 15-17 Oak St, Somerville MA 02143
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaInman Square
Area AmenitiesHighway Access, Public School, Shopping, Public Transportation, T-station, University
Contact Information for 15-17 Oak St, Somerville MA 02143