$4,600,000
About this home
One Beacon, 6.41% cap rate with rental upside, is a turn-key asset exceptionally located in Somerville’s Inman Square neighborhood on the Cambridge border. The Property contains six units consisting of (4) 4-Bedroom/2-Bathroom units and two commercial units. The Property is fully leased and has undergone extensive interior unit renovations featuring condo quality finishes in the residential units including new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, vinyl plank floors as well as new forced hot air and central air-conditioning systems and Navien tankless hot water systems. The commercial tenant, Trina’s Starlite Lounge and Parlor Sports (both leased by one tenant), recently extended their lease for 5-years (through August 31, 2029) and reimburse their pro-rata share of Real Estate Taxes, Insurance and Utilities. Common laundry for tenants is located on the 2nd and 3rd floor.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
- Real estate (PITI + HOA + PMI)
- $29,544
- Utilities
- $809
- Transportation
- $120
- Other (entertainment)
- $157
Quick facts
At a glance
Home features
Lot features
Corner Lot
Neighborhood — 02143
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 25,998 | 6,444,931 | 299,088,112 |
| Population Change Since1990 | -2.00% | 7.00% | 20.00% |
| Population Density | 16,860 | 786 | — |
| Male | 12,855 | 3,127,134 | 147,432,321 |
| Female | 13,143 | 3,317,797 | 151,655,844 |
| Never Married | 12,051 | 1,612,885 | 63,775,926 |
| Married | 7,238 | 2,586,314 | 123,120,365 |
| Separated | 1,155 | 247,857 | 12,639,686 |
| Widowed | 1,217 | 363,594 | 15,467,586 |
| Divorced | 1,491 | 436,888 | 23,075,029 |
| Number Of House Hold | 11,443 | 2,431,591 | 111,826,380 |
| Average House Hold Size | 2.23 | 2.56 | 2.60 |
| Medial Age | 32.96 | 37.25 | 35.46 |
| Median House Hold Income | $49,818 | $57,698 | $48,276 |
| Average House Hold Income | $56,671 | $75,023 | $63,629 |
| P C I | $25,726 | $29,196 | $24,529 |
| M D I | $42,538 | $48,105 | $41,133 |
| A T H E | $47,532 | $57,083 | $50,898 |
| S T R | 5.00% | 5.00% | — |
| W C J | 76.32% | 81.38% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
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Listing information last refreshed 4/19/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.