This Property is No Longer Available
115 Thurston Street, Somerville, MA 02145
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$6,495,000
9 Unit
21 Beds
16 Baths
10711 SQFT
0.12 Acre

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!

Property Details tap to expand

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: 02/13/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
02/13/2025Temporarily Withdrawn$6,495,000$606MLSPIN
01/23/2025Active$6,495,000$606MLSPIN
01/19/2025New$6,495,000$606MLSPIN

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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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MLS PIN data last updated at 2025-02-13 14:37:00

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