What is the estimated cap rate for 501 Mystic Valley Parkway, Somerville, MA 02144?

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, 501 Mystic Valley Parkway, Somerville, MA 02144 has an estimated 0.31% cap rate at its $8,500,000 list price, assuming ~$2,920/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 501 Mystic Valley Parkway, Somerville, MA 02144?

HUD Fair Market Rent estimates about $2,920/month total for a -bedroom in 02144. Actual market rent varies.

Active

54 Days on market

501 Mystic Valley Parkway Somerville — Photo 1 of 8

$8,500,000

Investment Analysis — 501 Mystic Valley Parkway

Somerville, MA 02144

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 02144 carries an estimated $2,920/mo in gross rent — about a 0.31% cap rate and $26,531/yr in estimated NOI at the $8,500,000 list price. Adjust every assumption in the calculator below.

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Beds

Baths

SqFt

Style

Residential

Built

Presenting 501 Mystic Valley Parkway located in Somerville, Massachusetts. A proposed 0.92-acre site, for sixty-four (64) residential units. The existing building on the property has been recently demolished and due to recent changes to Somerville’s zoning code 501 Mystic Valley now allows for multi-family development. This presents a rare opportunity to achieve significant density in a high-barrier-to-entry neighborhood. Ideally situated in Somerville’s West Somerville neighborhood along Mystic Valley Parkway, the property boasts excellent access to local amenities, retail/shopping options, public transportation, major universities, and effortless access into or out of the city.

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.

Financials

Original Price$8,500,000

Annual Taxes$99

Parking

Garage0

Off-Street0

Interior Specifications

Total Rooms--

FireplacesNone

Flooring--

BasementNone

Climate & Utilities

Heating--

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

Construction--

Roof--

Foundation--

Zoning99

Property & Lot

Acres0.92

SqFt Lot40,075.2

Lot FeaturesLevel, Cleared

Geography

Listing Provided By

Listing Agent: Christopher Sower

Listing Office: Cushman & Wakefield

MLS® Number: 73552820