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49 Dover St 41 Unit Apartment Building For Sale Somerville, MA 02144
Investment Highlights
- Extremely Rare, Generational Multifamily Opportunity: The property represents a true generational offering
- Superior Urban Transit-Oriented Location: Ideally positioned for seamless connectivity, the property is just a ±6-minute walk to Davis Square Station
- Strong Upside Through Unit Renovations: Approximately 7 of the units have received partial updates, presenting a clear path
- Immediate Scale in High Barrier, World-Class Location: This 41-unit portfolio offers rare, immediate scale in one of the most competitive
- Positively Trending and Durable Rental Income: The asset has demonstrated consistent rent growth, with rent roll increasing 7.11% year-over-year
- Favorable Unit Mix for Urban Renters and Efficient Layouts: The property offers an attractive unit mix comprised of studio, one & two-bedroom units
Executive Summary
Broker of Record
Kyle Matthews
License # 1000083-RE-RB (MA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # 1000083-RE-RB (MA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 41 | Building Size | 34,310 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1920 |
| Sale Type | Investment |
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 34,310 SF |
| No. Stories | 4 |
| Year Built | 1920 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 41 | - | - |
1 1
Very walkable
80/100
Fairly drivable
40/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | SOME-000022-G000000-000003 | Improvements Assessment | $7,549,600 |
| Land Assessment | $3,042,200 | Total Assessment | $10,591,800 |
Property Taxes
Parcel Number
SOME-000022-G000000-000003
Land Assessment
$3,042,200
Improvements Assessment
$7,549,600
Total Assessment
$10,591,800
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49 Dover St
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