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15 Albion, Somerville MA 02143

$2,100,000

Estimated $4,889.31/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $700,000

Total Rent: 133200/year

Estimated CAP Rate: 5.11%

8 Bedrooms

5 Full Baths

4,628 SqFt

Total Parking: 5

5,662 SqFt

Fully Leased 3-Unit Investment Property - $11,100 Monthly Rental Income! Discover an exceptional turnkey investment opportunity in the heart of Somerville. 15 Albion Street is a well-maintained three-family property generating a $133,200 annually. Each unit is fully leased with strong tenant history and parking for up to 5 cars. Each apartment offers private washer/dryers and is separately metered for gas and electricity, minimizing owner expenses and simplifying management. The property is ideally situated right along the Somerville Community Path, a scenic bike & walking trail connecting Davis Square to the new Green Line Extension, offering tenants easy access to public transportation and vibrant neighborhood amenities. Residents enjoy the luxury of 3 individual outdoor spaces and a perfect blend of urban convenience and outdoor lifestyle—just minutes to Davis Square, Porter Square, and Tufts University, as well as quick access to I-93 and Boston.

This home has been viewed 21 times

Last Checked: November 7th, 2025 at 8:13am (Source: MLS PIN #73449226)

Gross Income: $133,200

Gross Expenses: $25,838

Net Income Calc: $107,362

CAP Rate: 5.11%

Annual Expenses for 15 Albion, Somerville MA 02143

Total Gross Expenses (Calculated)$25,838/year

APOD AvailableYes

Heating

Electricity$564

Water$3,000

Gas$3,000

Insurance$4,464

Sewer$3,000

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$17,810

Annual Income & Unit Breakdown for 15 Albion, Somerville MA 02143

Total Gross Income (Calculated)$133,200

Unit 1

Rental Income$3,000

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$3,600

LeaseY

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

Unit 3

Rental Income$4,500

LeaseY

Bedrooms4

Bathrooms2 Full

Floor1

Levels in Unit3

HeatingNo

Rent Includes

General Information for 15 Albion, Somerville MA 02143

Listing ID73449226

Property TypeMulti Family / 3 Family

Price$2,100,000 ($453.76/SqFt)

Style3 Family

CitySomerville

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total4,628 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking5

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRES

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 15 Albion, Somerville MA 02143

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceEstimated, Owner

Total Gross Expenses By Broker$8,028

Total Gross Income By Broker$133,200

Total Net Income By Broker$133,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 15 Albion, Somerville MA 02143

Real Estate Taxes$17,810

Tax Year2025

Assessed Value$1,570,600

Financial Data SourceEstimated, Owner

Total Gross Expenses By Broker$8,028

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$133,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$133,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.11%

Location Information for 15 Albion, Somerville MA 02143

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 15 Albion, Somerville MA 02143

Agent

Name: Alexander Jafry

Office

Name: Sterling Beacon Hill

Phone: 617-785-6188

Team Members

Name: Lawrence O'Connor

Phone: 617-785-6188

Payment Calculator

, Interest

Property Taxes 1484.17

Principal & Interest 12939.53

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Sterling Beacon Hill

Alexander Jafry

Agent Phone

Office Phone

(617) 785-6188

Text Agent Call Agent Call Office

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EXIT

Active

15 Albion, Somerville MA 02143

$2,100,000

Annual Expenses for 15 Albion, Somerville MA 02143

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Financial Information for 15 Albion, Somerville MA 02143

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Contact Information for 15 Albion, Somerville MA 02143

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Exclusive Listing Agent

Sterling Beacon Hill

Alexander Jafry