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INVESTMENT SNAPSHOT
About this property
Exceptional opportunity to acquire a performing three-family property with built-in upside and multiple exit strategies. This asset stands out with a bi-level first unit, offering enhanced livability and rental appeal compared to typical layouts.The property features off-street parking, a major value-add for tenants and future resale, along with a strong, consistent tenant history that supports immediate cash flow. For added flexibility, the property can be delivered with one unit vacant, ideal for owner-occupants or investors looking to reposition rents. Significant capital improvements include a well-maintained roof, with drone footage available upon request for full transparency.Please note this three-family is already configured as three individual condominium units, each currently being marketed separately. This gives you optionality for a sell-off strategy, hybrid hold, or full portfolio acquisition.
Property details
| Units | 3 |
| Living area | 2,725 sqft |
| Lot size | 0 sqft |
| Year built | 1915 |
| Price / sqft | $693 |
| County | Middlesex |
| MLS # | 73493783 |
Listing status
| Days on market | 4 days |
| Listed on | March 31, 2026 |
Taxes & financials
| Annual property tax | $99,999,999 |
| Tax year | 9999 |
| Assessed value | $999,999,999 |
| Zoning | 9999999999 |
| Total actual rent | $0/mo |
Building & lot
| Stories | 4 |
| Total rooms | 18 |
| Lot size | 0 acres |
| Garage spaces | 2 |
| Parking spaces | 6 |
| Parking | Paved Drive, Off Street, Tandem, Paved |
| Basement | Full, Partially Finished |
| Foundation | Stone |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Somerville →
Listing courtesy of Henry RE — J. Lucky Henry. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 41 Derby St, Somerville MA 02145 have?
It is a 3-unit multi-family property with 2,725 sqft of living area, built in 1915.
How long has 41 Derby St, Somerville MA 02145 been on the market?
41 Derby St, Somerville MA 02145 has been listed for 4 days (since March 31, 2026).
What is the estimated cap rate on this 3-family in Somerville?
Based on area median rents, the estimated cap rate is about 3.8%, with a Signal Score of 71/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,888,888 across 3 units, that works out to roughly $629,629 per unit.
What are the property taxes on 41 Derby St, Somerville MA 02145?
Annual property taxes are $99,999,999 (9999), on an assessed value of $999,999,999.
What is the price per square foot?
At $1,888,888 for 2,725 sqft, that's about $693 per square foot.
Is there parking?
2 garage spaces and 6 total parking spaces (paved drive, off street, tandem, paved).
Where is this property located?
41 Derby St, Somerville MA 02145 is in Somerville, Middlesex County, MA 02145.
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