6-8 Knapp Street

Somerville, MA 02143

$1,850,000
Price
11
Beds
4
Baths
4,924 Sq. Ft.
$376 / Sq. Ft.
4,924
Sq. Ft.
$376
per Sq. Ft.

Description

6-8 Knapp Street is an opportunity to acquire a massive 3-family (5,580 Square Feet) that has been meticulously maintained and is located in a coveted neighborhood of Somerville. The property has an excellent rental history but also provides upside potential for a new coming investor. This area is full of amenities for tenants including Bow Market, Market Basket and Gilman/Union Sq Green Line Stations.6-8 Knapp Street is an opportunity to acquire a massive 3-family (5,580 Square Feet) that has been meticulously maintained and is located in a coveted neighborhood of Somerville. The property has an excellent rental history but also provides upside potential for a new coming investor. This area is full of amenities for tenants including Bow Market, Market Basket and Gilman/Union Sq Green Line Stations.
  1. Listed by Tony Pepdjonovic • Marcus & Millichap Real Estate Investment Services

Property Details for 6-8 Knapp Street

Town
Somerville
Area
MA-Somerville
Garage Spaces
0
Parking Spaces
.00

Location

Listing Courtesy of Marcus & Millichap Real Estate Investment Services, Tony Pepdjonovic
Add your commute
LISTING UPDATED: 04/30/2024 03:08 AM

Property Details for 6-8 Knapp Street

StatusActive
MLS #73229264
Days on Market11
Taxes$16,806 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1900
CountyMiddlesex County

Location

Listing Courtesy of Marcus & Millichap Real Estate Investment Services, Tony Pepdjonovic
Add your commute

Building Information for 6-8 Knapp Street

Stories6Residences3Year Built1900Building Size-Lot Size0.06 AC / 2,403 SF

Payment Calculator

$11,497 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,096

Property Taxes

$1,401

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6-8 Knapp Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 4924.0
  • SqFt with Basement: Yes
  • Total Units: 3
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Washer, Dryer
  • Basement Features: Finished
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Tile
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Balcony
  • Exterior Features: Balcony, Patio
  • Lot Description: Other
  • Patio And Porch Features: Patio
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: On Street Permit
  • Open Parking: Yes
  • Parking Features: On Street Permit
  • Parking Features: On Street Permit
Utilities
  • Heating: Baseboard
  • Heating: Yes
  • 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
  • Disclosures: Unit 2 is currently vacant. It can be rented or delivered vacant depending on buyer preference. Rent set to market rate.
Tax Information
  • Assessments: $1,597,500
  • Book: .
  • Tax Year: 2024
  • Zoning: RB
Building / Association Information
Living Characteristics
  • Beds Total: 11
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Concrete Perimeter, Brick/Mortar
Income / Expenses
  • Electricity: $540.00
  • GOI: $131,280.00
  • Insurance: $6,603.00
  • GRE: $32,769
  • MSE: $500
  • RME: $3,000
  • NOI: $98,511.00
  • Operating Expense: $32,769.00
  • WSE: $5,820.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: Y
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $10,940.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2%
  • Other Agent Compensation: N/A

Property History for 6-8 Knapp Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 6-8 Knapp 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 - K to 8
Rating
School
Distance
Somerville High School
Public9 to 12

Winter Hill Community School
PublicPK to 8

E Somerville Community
PublicK to 8

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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6-8 Knapp Street is a multi-family home for sale in Somerville, MA 02143. This property was listed for sale on April 26, 2024 by Marcus & Millichap Real Estate Investment Services, it's currently listed at $1,850,000. This listing's school district is Somerville School District. Nearby schools include Albert F. Argenziano School At Lincoln Park, Somerville High School and Winter Hill Community School. 6-8 Knapp Street is a 11-bed, 4-bath, 4,924 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap Real Estate Investment Services, Tony Pepdjonovic

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.