Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

Closed

22 Granite St, Somerville MA 02143

$1,550,000

Estimated $3,828/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $516,666.67

Total Rent: 33600/year

Estimated CAP Rate:

6 Bedrooms

Baths

2850

Total Parking: 3

2,920 (0.07)

Amazing investment property in great location-- Great for the owner occupant or savvy investor. This 3 unit building is just .5 miles from near the new Gilman Sq green line, .6 miles to Union Sq, and about a mile to Harvard and Porter. Restaurants, shops, universities and public transit are all a stone's throw away.Each unit is 4 rooms, 2 beds and 1 bath. They have hardwood floors, have recent renovations, in-unit laundry & lots of light. Owner's unit is on first floor. Second floor just moved out in March and will be delivered vacant. The third floor is rented through 8/31/2023 at 2800/month. There's a 3 car tandem driveway, garden area and patio. Updates include: roof 2012, Unit 1 heater and tankless hot water installed in 2015, complete unit remodeled in 2017. Unit 2 water heater is 2015, heating system older, and kitchen was remodeled in 2022. Unit 3 water heater is 2015, kitchen and bath remodeled in 2018. Exterior painted in 2015. Possibility of finishing the basement.

This home has been viewed 40 times

Last Checked: May 7th, 2024 at 4:46am (Source: MLS PIN #73087287)

Gross Income: $33,600

Gross Expenses: $15,774

Net Income Calc: $17,826

Water Views

Annual Expenses for 22 Granite St, Somerville MA 02143

Total Gross Expenses (Calculated)$15,774/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax15774.9

Annual Income & Unit Breakdown for 22 Granite St, Somerville MA 02143

Total Gross Income (Calculated)$33,600

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 22 Granite St, Somerville MA 02143

Listing ID73087287

Property TypeMulti Family / 3 Family

Price1550000 ($543.86/SqFt)

Style3 Family - 3 Units Up/down

CitySomerville

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total2850

Approximate Lot Size (Acres)0.07

Total Parking3

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningRes

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 22 Granite St, Somerville MA 02143

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSheds

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.5

Facilitator Compensation1

Compensation Based OnNet Sale Price

Financial Information for 22 Granite St, Somerville MA 02143

Real Estate Taxes15774.9

Tax Year2023

Assessed Value$1,549,600

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 22 Granite St, Somerville MA 02143

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 22 Granite St, Somerville MA 02143

Agent

Name: Katherine Malin

Office

Name: Compass

Phone: 617-303-0067

Payment Calculator

, Interest

Property Taxes 1314.58

Principal & Interest 9550.61

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Compass

Katherine Malin

Agent Phone

Office Phone

(617) 303-0067

Text Agent Call Agent Call Office

Array
(
    [acres] => Approx. 0.07 acres (2,920 SqFt)
    [add_date] => 2024-05-07 04:46:12
    [address] => Granite St
    [agent] => Array
        (
            [address] => 115 Museum Street, Apt. #1r
            [city] => Somerville
            [id] => CT006899
            [name] => Katherine Malin
            [national_association] => 449545017
            [office] => AN2606
            [state] => MA
            [zip] => 02143
        )

[apod_available] => Array
        (
            [0] => No
        )

[appliances] => Array
        (
        )

[approx_living_area_total] => 2850
    [approx_lot_size_acres] => 0.07
    [approx_lot_size_sqft] => 2920
    [assessed_value] => $1,549,600
    [association] => 
    [association_fee] => Array
        (
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => 0
    [basement] => Array
        (
            [0] => Full
        )

[bathrooms] => 
    [bedrooms] => 6
    [building_amenities] => Array
        (
        )

[building_area_source] => Array
        (
            [0] => Public Records
        )

[building_management] => Array
        (
        )

[building_debug] => 
    [building_id] => 
    [building_parent] => 0
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 2.5
    [buyer_agent_id] => CN222912
    [buyer_office_id] => AC0342
    [c_style] => Array
        (
            [0] => 3 Family
        )

[c_type] => Array
        (
            [0] => Multi Family
        )

[cap_rate] => 
    [city] => Somerville
    [community_features] => Array
        (
            [0] => Walk/jog Trails
        )

[compensation_based_on] => Array
        (
            [0] => Net Sale Price
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
            [0] => Frame
        )

[construction_status] => 
    [cooling] => Array
        (
        )

[cooperating_agent_commission] => Array
        (
        )

[county] => Middlesex
    [cultivation_acres] => 
    [date_available_note] => 
    [deposit_amount] => Array
        (
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => Amazing investment property in great location-- Great for the owner occupant or savvy investor. This 3 unit building is just .5 miles from near the new Gilman Sq green line, .6 miles to Union Sq, and about a mile to Harvard and Porter. Restaurants, shops, universities and public transit are all a stone's throw away.Each unit is 4 rooms, 2 beds and 1 bath. They have hardwood floors, have recent renovations, in-unit laundry & lots of light. Owner's unit is on first floor. Second floor just moved out in March and will be delivered vacant. The third floor is rented through 8/31/2023 at 2800/month. There's a 3 car tandem driveway, garden area and patio. Updates include: roof 2012, Unit 1 heater and tankless hot water installed in 2015, complete unit remodeled in 2017. Unit 2 water heater is 2015, heating system older, and kitchen was remodeled in 2022. Unit 3 water heater is 2015, kitchen and bath remodeled in 2018. Exterior painted in 2015. Possibility of finishing the basement.
    [disclosures] => 
    [documents_available] => Array
        (
        )

[electric] => Array
        (
            [0] => 220 Volts
        )

[electric_expense] => Array
        (
        )

[elementary_school] => 
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => 
    [entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
            [0] => Sheds
        )

[exterior_features] => Array
        (
        )

[facilitator_compensation] => 1
    [fee_paid_by_tennant] => 
    [financial_data_source] => Array
        (
        )

[fireplaces] => Array
        (
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
            [0] => Tile
        )

[for_sale_by_owner] => 
    [foundation_area] => 
    [foundation_materials] => Array
        (
        )

[frontage_length] => 
    [full_baths] => 
    [garage_parking] => 0
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
        )

[gross_income] => Array
        (
        )

[half_baths] => 
    [handicap_access] => 
    [heating] => 
    [heating_expense] => Array
        (
        )

[high_school] => 
    [horse_features] => Array
        (
        )

[horse_permitted] => 
    [hot_water] => Array
        (
        )

[id] => 
    [insurance_expense] => Array
        (
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
            [0] => French Doors
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2024-05-07 04:46:12
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
        )

[lease_term] => Array
        (
        )

[levels_in_unit] => 
    [living_area] => 
    [living_area_disclosure] => Array
        (
        )

[living_area_includes_basement] => Array
        (
            [0] => No
        )

[lot_features] => Array
        (
            [0] => Gentle Sloping
        )

[management_expense] => Array
        (
        )

[middle_school] => 
    [miscellaneuos_expense] => Array
        (
        )

[mls_area] => 
    [mls_id] => 73087287
    [neighborhoods] => 
    [net_income_calc] => 17826
    [net_operating_income] => Array
        (
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 3
    [office] => Array
        (
            [id] => AN2606
            [name] => Compass
            [phone] => 617-303-0067
        )

[operating_expense] => Array
        (
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
            [0] => 1
        )

[pasture_area] => 
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => 
    [pet_policy] => Array
        (
            [0] => Allowed
        )

[phone] => 
    [pool_features] => Array
        (
        )

[price] => 1550000
    [price_per_sqft] => 543.86
    [price_per_unit] => 516666.66666667
    [private_pool] => 
    [property_sub_type] => Array
        (
            [0] => 3 Family - 3 Units Up/down
        )

[real_estate_tax] => 15774.9
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
        )

[repair_maintenance_expense] => Array
        (
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
            [0] => Asphalt/fiberglass Shingles
        )

[rooms] => 12
    [schools] => 
    [senior_community] => 
    [sewer] => Array
        (
            [0] => Public Sewer
        )

[sewer_expense] => Array
        (
        )

[short_sale] => Array
        (
        )

[special_listing_conditions] => Array
        (
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Closed
        )

[street_number] => 22
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 
    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 
    [tag_lead_paint_free] => 
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 
    [tag_waterview] => 1
    [tax_year] => 2023
    [team] => 
    [team_agents] => Array
        (
        )

[terms] => Array
        (
        )

[timber_acres] => 
    [title_5] => 
    [total_gross_expense] => 15774
    [total_gross_income] => 33600
    [total_parking] => 3
    [trash_expense] => Array
        (
        )

[travel_routes] => 
    [uffi] => Array
        (
        )

[unit_1_bathrooms] => 1 Full
    [unit_1_bedrooms] => 2
    [unit_1_floor] => 1
    [unit_1_lease] => Array
        (
            [0] => N
        )

[unit_1_levels] => 1
    [unit_1_rent] => Array
        (
        )

[unit_2_bathrooms] => 1 Full
    [unit_2_bedrooms] => 2
    [unit_2_floor] => 2
    [unit_2_lease] => Array
        (
            [0] => N
        )

[unit_2_levels] => 1
    [unit_2_rent] => Array
        (
        )

[unit_3_bathrooms] => 1 Full
    [unit_3_bedrooms] => 2
    [unit_3_floor] => 3
    [unit_3_lease] => Array
        (
            [0] => Y
        )

[unit_3_levels] => 1
    [unit_3_rent] => Array
        (
        )

[unit_4_bathrooms] => 
    [unit_4_bedrooms] => 
    [unit_4_floor] => 
    [unit_4_lease] => Array
        (
        )

[unit_4_levels] => 
    [unit_4_rent] => Array
        (
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => 22 Granite St, Somerville MA 02143
    [utilities] => Array
        (
        )

[view] => Array
        (
        )

[water] => Array
        (
            [0] => Public
        )

[water_expense] => Array
        (
        )

[water_views] => Array
        (
            [0] => No
        )

[water_views_features] => Array
        (
        )

[waterfront] => 
    [waterfront_features] => Array
        (
        )

[raw] => 
)

EXIT

29 More Photos

Closed

22 Granite St, Somerville MA 02143

$1,550,000

Annual Expenses for 22 Granite St, Somerville MA 02143

Annual Income & Unit Breakdown for 22 Granite St, Somerville MA 02143

General Information for 22 Granite St, Somerville MA 02143

Disclosures for 22 Granite St, Somerville MA 02143

Financial Information for 22 Granite St, Somerville MA 02143

Location Information for 22 Granite St, Somerville MA 02143

Contact Information for 22 Granite St, Somerville MA 02143

Agent

Office

Payment Calculator

Exclusive Listing Agent

Compass

Katherine Malin