NOT LISTED FOR SALE

6 Knapp St Somerville, MA 02143

Spring Hill Neighborhood
11 Beds
4 Baths
4,924 Sq Ft
2,403 Sq Ft Lot

Last Sold September 03, 2024

Last sale price $1,700,000 $345 Per Sq Ft

90 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Baseboard Heating
  • Somerville High School Rated A-
  • Patio
  • 2-minute walk to Quincy Street Open Space

About This Home

As of September 2024

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.

Last Agent to Sell the Property

Tony Pepdjonovic

Marcus & Millichap Real Estate Investment Services Listed on: 04/26/2024

Last Buyer's Agent

Liliana Delgado

Cameron Real Estate Group

Cameron Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,806

Year Built

  • Built in 1900

Lot Details

  • 2,403

Home Design

  • 4,924 Sq Ft Home
  • Brick Foundation
  • Frame Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Balcony
  • Patio

Additional Features

  • 2,403 Sq Ft Lot
  • Baseboard Heating
  • Finished Basement

Listing and Financial Details

  • Total Actual Rent $10,940
  • Rent includes unit 1(water)

Community Details

Overview

  • 3 Units
  • Property has 2 Levels

Building Details

  • Electric Expense $540
  • Insurance Expense $6,603
  • Water Sewer Expense $5,820
  • Operating Expense $32,769
  • Net Operating Income $98,511

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,806

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: N/A
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Wood, Tile
  • Fireplace YN: No
  • Appliances: Washer, Dryer
  • Total Bedrooms: 11
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Finished
  • Living Area: 4924
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN1252
  • LIST PRICE PER Sq Ft: 360.48
  • PRICE PER Sq Ft: 345.25
  • MAIN SO: AC0756

Exterior Features

  • Exterior Features: Balcony
  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter, Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Patio
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Heating: Baseboard
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Rent Includes: Unit 1(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 5820

Lot Info

  • Zoning: RB
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2403
  • Lot Size Units: Acres
  • PAGE: .
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 16806
  • Tax Book Number: .

Multi Family

  • Electric Expense: 540
  • Gross Income: 131280
  • Insurance Expense: 6603
  • Net Operating Income: 98511
  • Number Of Units Total: 3
  • Operating Expense: 32769
  • Total Actual Rent: 10940
  • LEVELS 1: 2
  • Basement Included Sq Ft: Yes
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2024 09/03/24 Sold $1,700,000 -4.2% $345 / Sq Ft
07/26/2024 07/26/24 Pending -- -- --
06/17/2024 06/17/24 Price Changed $1,775,000 -4.1% $360 / Sq Ft
04/26/2024 04/26/24 For Sale $1,850,000 -- $376 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tony Pepdjonovic

    Seller's Agent in 2024

    Tony Pepdjonovic

    Marcus & Millichap Real Estate Investment Services

    (617) 896-7277

    1 in this area

    23 Total Sales

    Tony Pepdjonovic
    Section Image

  • L

    Buyer's Agent in 2024

    Liliana Delgado

    Cameron Real Estate Group

    (781) 267-2999

    1 in this area

    35 Total Sales

    Liliana Delgado
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73229264

MLS Property Information Network (MLS PIN)

Massachusetts Middlesex County Somerville 02143 Spring Hill

6 Knapp St, Somerville, MA

This home is located at 6 Knapp St, Somerville, MA 02143 since 26 April 2024. This property was built in 1900. 6 Knapp St is a home located in Middlesex County with nearby schools including Somerville High School and Saint Theresa School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. 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.

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