***Call for Offers: Wednesday, April 9, 2025.**** This newly constructed multifamily asset located at 115 Thurston St in the heart of Summerville's Winter Hill neighborhood. This three-and-a-half story building offers over 8,000 square feet of living space and features nine thoughtfully designed condo-quality apartment units as well as seven parking spaces. This property is an attractive investment for those looking to capitalize on the dynamic and growing Somerville rental market. Interested parties are encouraged to submit their best and final offers by the specified date. Don't miss this chance to acquire a premium multifamily asset in a highly desirable location.
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Last Updated: March 29th, 2025 at 6:43am
Gross Income: $151,200
Gross Expenses: $34,249
Net Income Calc: $116,951
CAP Rate: 1.95%
Annual Expenses for 115 Thurston St, Somerville MA 02145
Total Gross Expenses (Calculated)$34,249/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$34,249.76
Annual Income & Unit Breakdown for 115 Thurston St, Somerville MA 02145
Total Gross Income (Calculated)$151,200
Unit 1
Rental Income3000
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income1500
LeaseN
Bedrooms2
Bathrooms2 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income3800
Lease
Bedrooms2
Bathrooms2 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 4
Rental Income4300
Lease
Bedrooms3
Bathrooms3 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
General Information for 115 Thurston St, Somerville MA 02145
Listing ID73351591
Property TypeMulti Family / 5+ Family
Price$6,000,000 ($746.73/SqFt)
Style
CitySomerville
CountyMiddlesex
MLS AreaWinter Hill
Neighborhood(s)
Approximate Living Area Total8,035 SqFt
Approximate Lot Size (Acres)0.12 acres
Total Parking14
Garage Parking7 / Detached
Year Built2024
Year Built SourceBuilder
Year RenovatedN/A
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation DescriptionOther
Accessible Features
Outdoor Space
ZoningUR
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 115 Thurston St, Somerville MA 02145
Disclosures for 115 Thurston St, Somerville MA 02145
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureDoes not include common areas or basement garage s
Building Area SourceOwner
Title 5
Exclusions
Disclosures
Financial Data SourcePro. Forma Available, Projected
Total Gross Expenses By Broker$0
Total Gross Income By Broker$205,200
Total Net Income By Broker$205,200
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnGross/full Sale Price
Location Information for 115 Thurston St, Somerville MA 02145
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaWinter Hill
Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Tennis Court(s), University
Contact Information for 115 Thurston St, Somerville MA 02145
