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Matthew Slowik Of Compass Sells Multifamily In Somerville, MA For $1.225M

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SOLD
$1,225,000

Massachusetts

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MultiFamily2,032 SF
Sold 06/05/2024
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SOLD

Matthew Slowik Of Compass Sells Multifamily In Somerville, MA For $1.225M

40 Houghton Street

See Similar Deals
MultiFamily2,032 SF
Sold 06/05/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$602
Total Square Footage:2,032 SF
Transaction Type:Sale

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

Matthew Slowik
3 deals$3.5M volume
BROKER

Details

SOLD
IMAGE: Matthew Slowik DATE: 06/05/2024 ADDRESS: 40 Houghton Street MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER'S REP: Matthew Slowik (@Matt.Slowik.Realtor) - Compass (@Compass) SELLER'S REP: RE/MAX Bell Park Realty (@Remax) SALE PRICE: $1,225,000 UNITS: 3 ~ PPU: $408,333 SF: 2,032 ~ PPSF: $603 NOTE: 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.

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Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,352.17
Cash-on-Cash Return-1.27%
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