Updated Dec 4, 2024
Matthew Slowik Of Compass Sells Multifamily In Somerville, MA For $1.225M
40 Houghton Street
$1,225,000
$602/SF
Building Size
2,032 SF
Asset Type
MultiFamily
Closing
Jun 5, 2024
About this deal
AI
A well-maintained 3-family home at 40 Houghton St in Somerville, MA, sold for $1,225,000, offering a charming residence just one block away from vibrant Inman Square with easy access to Harvard, MIT, and public transportation. The property spans 2,032 square feet with a price per unit of $408,333 and a price per square foot of $603.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Units: 3
- Square Footage: 2,032
- Price per Unit: $408,333
- Price per Square Foot: $603
- Address: 40 Houghton Street
- Market: Somerville, MA
The buyer's representative for this transaction was Matthew Slowik from Compass, while the seller's representative was RE/MAX Bell Park Realty.
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93