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16-18 Knapp St, Somerville MA 02143

$1,399,000

Estimated $3,295/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $466,333.33

Total Rent: 88800/year

Estimated CAP Rate:

6 Bedrooms

Baths

3048

Total Parking: 1

3,037 (0.07)

If you’re looking for a 3-family to enjoy the vibrancy of the city, while walking out to your own deck and privately fenced backyard, welcome to this well cared for gem in the heart of Union Square. Perfect for owner occupants & investors, it is move in ready has 6-bed, 4-bath, spacious living-dining combos, bonus rooms, driveway, separated utilities, shared laundry, essential updates, making city living comfortable right in Prospect Hill. Newly finished hardwood floors, 3 decks & roof, fresh interior painting, and new gas line. Use your creativity doing upgrades in unit 3, adding bedrooms, finishing the basement, adding a rooftop deck to enjoy city skyline. The home is on a community oriented, quiet street, yet a short distance to old and new favorites including Market Basket, Bow Market, Aeronaut Brewing and Gracies Ice Cream with essentials like the T-stop, numerous parks, shops, restaurants, Harvard & MIT. This modern and classic MF is available for the first time in 20 years.

This home has been viewed 37 times

Last Checked: May 7th, 2024 at 7:21am (Source: MLS PIN #73103336)

Gross Income: $88,800

Gross Expenses: $22,173

Net Income Calc: $66,627

Water Views

Annual Expenses for 16-18 Knapp St, Somerville MA 02143

Total Gross Expenses (Calculated)$22,173/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax12323

Annual Income & Unit Breakdown for 16-18 Knapp St, Somerville MA 02143

Total Gross Income (Calculated)$88,800

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor3

Levels in Unit1

Rent IncludesHeat

General Information for 16-18 Knapp St, Somerville MA 02143

Listing ID73103336

Property TypeMulti Family / 3 Family

Price1399000 ($458.99/SqFt)

Style3 Family - 3 Units Up/down

CitySomerville

CountyMiddlesex

MLS AreaProspect Hill

Neighborhood(s)

Approximate Living Area Total3048

Approximate Lot Size (Acres)0.07

Total Parking1

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic,individual Meter

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningRB

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 16-18 Knapp St, Somerville MA 02143

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWine Refrigerator In Basement

Financial Data SourceEstimated

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 Compensation0

Compensation Based OnGross/full Sale Price

Financial Information for 16-18 Knapp St, Somerville MA 02143

Real Estate Taxes12323

Tax Year2023

Assessed Value$1,191,800

Financial Data SourceEstimated

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 16-18 Knapp St, Somerville MA 02143

Elementary SchoolAlbert F. Argen

Middle SchoolAlbert F. Argen

High SchoolSomerville High

Neighborhood(s)

MLS AreaProspect Hill

Area AmenitiesWalk/jog Trails

Contact Information for 16-18 Knapp St, Somerville MA 02143

Agent

Name: Welcome Home Carmen M. Team

Office

Name: Domus Ave Realty

Phone: 617-383-4831

Payment Calculator

, Interest

Property Taxes 1026.92

Principal & Interest 8620.19

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Domus Ave Realty

Welcome Home Carmen M. Team

Agent Phone

Office Phone

(617) 383-4831

Text Agent Call Agent Call Office

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    [unparsed] => 16-18 Knapp St, Somerville MA 02143
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EXIT

39 More Photos

Closed

16-18 Knapp St, Somerville MA 02143

$1,399,000

Annual Expenses for 16-18 Knapp St, Somerville MA 02143

Annual Income & Unit Breakdown for 16-18 Knapp St, Somerville MA 02143

General Information for 16-18 Knapp St, Somerville MA 02143

Disclosures for 16-18 Knapp St, Somerville MA 02143

Financial Information for 16-18 Knapp St, Somerville MA 02143

Location Information for 16-18 Knapp St, Somerville MA 02143

Contact Information for 16-18 Knapp St, Somerville MA 02143

Agent

Office

Payment Calculator

Exclusive Listing Agent

Domus Ave Realty

Welcome Home Carmen M. Team