28 Gibbens St Somerville — Photo 1 of 21
$1,300,000
Investment Analysis — 28 Gibbens St
Somerville, MA 02143 — Central Hill
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-unit multi-family in 02143 carries an estimated $9,860/mo in gross rent — about a 6.01% cap rate and $78,080/yr in estimated NOI at the $1,300,000 list price. Adjust every assumption in the calculator below.
Beds
5
Baths
3
SqFt
3,093
Style
3 Family
Built
1893
A rare opportunity awaits at 28 Gibbens Street in Somerville. Built in 1893, this spacious three-family residence offers approximately 3,093 square feet of living area, featuring a total of five bedrooms and three full bathrooms across three levels. Set on a 3,072 square foot lot, the property showcases the character and charm of a classic Somerville home while offering tremendous potential for its next owner. Ready for updating and thoughtful renovation, the home presents an exciting opportunity for an owner-occupant, investor, or developer to restore, reimagine, and enhance the property to suit today’s lifestyle. With its generous proportions, flexible multi-family configuration, and abundance of possibilities, 28 Gibbens Street provides a wonderful canvas for creating something truly special. Bring your vision and discover the potential this distinctive property has to offer.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator • Dishwasher • Disposal
Neighborhood
Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access
Geography
Listing Agent: Michael Medeiros
Listing Office: eXp Realty LLC
MLS® Number: 73578501
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