25 Temple Street

Somerville, MA 02145

$1,750,000
Price
7
Beds
6
Baths
3,469 Sq. Ft.
$504 / Sq. Ft.
3,469
Sq. Ft.
$504
per Sq. Ft.

Description

5-family investment opportunity in the heart of Winter Hill! 25-27 Temple St. is positioned in a transit-oriented pocket of Somerville, directly adjacent to the impending infill development on 299 Broadway (featuring 288 residential units, a pedestrian path and new public park). Just south of I-93 and 0.5 miles north of the Gilman Sq. T Stop (Green Line), the building offers five (5) residential units with very flexible floorplans, as well as an in-law suite and additional square footage on the ground...5-family investment opportunity in the heart of Winter Hill! 25-27 Temple St. is positioned in a transit-oriented pocket of Somerville, directly adjacent to the impending infill development on 299 Broadway (featuring 288 residential units, a pedestrian path and new public park). Just south of I-93 and 0.5 miles north of the Gilman Sq. T Stop (Green Line), the building offers five (5) residential units with very flexible floorplans, as well as an in-law suite and additional square footage on the ground level. Gas and electricity are separately metered for each unit, common laundry is located in the basement, and three (3) parking spaces are apportioned in the driveway along the right-hand-side of the property. Listed at a cumulative sum of just $350,000 per unit, end-users can harness an existing rent roll in an appreciating sector of the city, with the ability to augment unit configurations and heighten return over time.
  1. Listed by Joe Danisch • Coelho Realty Group LLC

Property Details for 25 Temple Street

Town
Somerville
MLS Area
Winter Hill
Area
MA-Somerville-Winter Hill, MA-Somerville
Garage Spaces
0
Parking Spaces
3.00
Parking Spaces Total
3
LISTING UPDATED: 09/17/2024 02:08 PM

Property Details for 25 Temple Street

StatusUnder Agreement
MLS #73242793
Days on Market60
Taxes$13,169 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1900
CountyMiddlesex County

Building Information for 25 Temple Street

Stories9Residences5Year Built1900Building Size-Lot Size0.08 AC / 3,670 SF

Property Information for 25 Temple Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks
  • Living Area: 3469.0
  • SqFt with Basement: No
  • Total Units: 5
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Partially Finished, Walk Out
  • Num of Baths: 6.0
  • Num of Full Baths: 6
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 6
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Hardwood
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Lot Description: Level
  • Patio And Porch Features: Patio - Enclosed
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street, Assigned, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Off-Street, Assigned, Paved Driveway
  • Parking Features: Off-Street, Assigned, Paved Driveway
Utilities
  • Electric: 200+ Amp Service, Individually Metered
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Disclosures: Leases for unit #1,#2,and #4 span to 8/31/24. Unit #5 lease runs to 3/31/25 and unit #3 lease goes to 6/30/25. Top-floor unit (unit #5) is currently being used as a 1 bed but can also be used as a 2. Roof was replaced in 2014. Driveway parking is rented at $200/month. Please inquire for NOI info
Tax Information
  • Tax ID: 757656
  • Assessments: $1,251,800
  • Book: 28264
  • Tax Year: 2024
  • Zoning: RB
Building / Association Information
Living Characteristics
  • Beds Total: 7
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Concrete Perimeter, Brick/Mortar
  • Heat Units: 5
Income / Expenses
  • Annual Expenses Source: Pro. Forma Available
  • GOI: $102,600.00
  • NOI: $100,200.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $8,550.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 1
  • Other Agent Compensation: 0

Property History for 25 Temple Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 25 Temple Street

Taxable ValueLand$345,500Additions$906,300Total$1,251,800
Tax Record2024$13,169 ($1,097 / month)
Home Facts
Baths6Total Finished SqFt3,469 SqFtAbove Grade Finished SqFt3,469 SqFtStories3Lot Size3,670 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningRBCountyMIDDLESEXAPNSOME M:70 B:D L:29

Schools near 25 Temple Street

This home is within Somerville School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Winter Hill Community School
PublicPK to 8

Somerville High School
Public9 to 12

Arthur D. Healey School
PublicPK to 8

Full Circle High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Coelho Realty Group LLC, Joe Danisch

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.