NOT LISTED FOR SALE

6 Knapp St Somerville, MA 02143

Prospect 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 Type: %
  • 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
  • Basement: Finished
  • Living Area: 4924
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN1252
  • 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 Sq Ft: 2403
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 16806

Multi Family

  • Electric Expense: 540
  • 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 3: 1
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 3: 3
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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 List to Sale Price per Sq Ft
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)

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

    26 Total Sales

    Tony Pepdjonovic
    Section Image

  • L

    Buyer's Agent in 2024

    Liliana Delgado

    Cameron Real Estate Group

    (781) 267-2999

    2 in this area

    32 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 Prospect Hill

6 Knapp St, Somerville, MA

Not Listed for Sale

MultiFamily

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