6-8 Knapp Street, Somerville MA 02143
Somerville, MA 02143
$1,700,000
Est. $9,048/month
About this home
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.
Sale Statistics
Sale Overview
Original List Price:
$1,850,000
Final Sale Price:
$1,700,000
Difference:
$150,000 (-8.1%)
Performance Metrics
91.9%
List to Sale Ratio
Sold below asking price
90
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft:
$376
Sale $/sq ft:
$345
This property sold for $345 per square foot
Sale Summary
This property sold for 8.1% below the original asking price.
The property spent 90 days on market before selling.
Facts & Features
Property Overview
Property Type
3 Family
Property Category
Residential Income
Year Built
1900
Bedrooms
11
Full Bathrooms
4
Living Area
4,924 sq ft
Total Rooms
18
Stories
4
Levels
4
Interior Features
Flooring
Wood, Tile
Heating
Baseboard
Has Heating
Yes
Has Fireplace
No
Appliances
Washer, Dryer
Basement Details
Finished
Exterior & Structure
Construction Materials
Frame
Roof
Rubber
Foundation
Concrete Perimeter, Brick/Mortar
Exterior Features
Balcony
Patio/Porch Features
Patio
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.06 acres
Lot Size
2,403 sq ft
Lot Size Area
0.0600
Lot Features
Other
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Parking Features
On Street
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Community & HOA
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$16,806
Tax Year
2024
Tax Assessed Value
$1,597,500
Zoning
RB
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Unit 2 is currently vacant. It can be rented or delivered vacant depending on buyer preference. Rent set to market rate.
Location
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Neighborhood
6-8 Knapp Street, Somerville MA 02143
Somerville, MA 02143
Walkability
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Schools
School information not available
Monthly Payment Calculator
%
%
Estimated Monthly Payment
$0
Payment Breakdown
Principal & Interest
$0
Property Tax
$1,401
Homeowners Insurance
$200
PMI
$0
Property History
Market Insights
4.2%
Price Range
91
Total Days on Market
Property Timeline
Sold
Sep 3, 2024
$1,700,000
Property sold
Days on Market: 91
Listed for Sale
Apr 26, 2024
$1,775,000
Original listing
Office: Marcus & Millichap Real Estate Investment Services
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/03/2024 | ✓ Sold | $1,700,000 | - | - | Property sold |
| 04/26/2024 | 🏠 Listed for Sale | $1,775,000 | - | - | Original listing |