Duplex with Detached
For Sale
$1,849,000
14 Dow St., Somerville, MA 02144
Residential Income, Somerville, MA
Property Size3,415 SF
Lot Size0.09 Acres
Price / SF$541.43
Days on Market54
Property Features for 14 Dow St.
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
NR
Bedrooms
10
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 10, Bedroom 9, Bedroom 8, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 5
Parking
6
Directions
GPS
Standard status
Active
APN
748121
Size
3,415 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
17747
Amenities
backyard
garage
off-street parking
basement
Building Details
Year built
1910
Floors in Building
4
Number of units
2
Listing Agency:
Keller Williams Realty Signature Properties
Listed By:
Al Styles
(781) 924-5766
Added: Jul 17
Changed: Sep 4
Last Checked: Sep 8 at 11:06AM
MLS# 73551744
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,415-square-foot duplex, built in 1910, contains two residential units with a combined 10 bedrooms and 3 full bathrooms. Both units have new heat pumps providing central heat and air conditioning. The property also includes a full basement with storage and utility space, along with a spacious backyard.
A detached 2-car garage and off-street parking add practical capacity. The property is located at 14 Dow St. in Somerville, near Teele Square's shops, restaurants, and cafes, with Tufts University and MBTA Green Line and Red Line service nearby. Major commuter routes and public transportation are also accessible from the property.
A detached 2-car garage and off-street parking add practical capacity. The property is located at 14 Dow St. in Somerville, near Teele Square's shops, restaurants, and cafes, with Tufts University and MBTA Green Line and Red Line service nearby. Major commuter routes and public transportation are also accessible from the property.
Key Highlights
- Two‑unit duplex with 3,415 square feet of property area
- 10 bedrooms and 3 full bathrooms
- New heat pumps in both units provide central heat and AC
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,263
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,445,260
$1.4M
Cap Rate 7%
$1,032,329
$1.0M
Cap Rate 9%
$802,922
$802.9K
Market Conditions
NOI Build-Up for 3,415 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$108.6K $31.80/SF
− Vacancy
−$5.4K −$1.57/SF
EGI
$103.2K $30.23/SF
− OpEx
−$31.0K −$9.07/SF
NOI
$72.3K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,445,260
Cap Rate 7%
$1,032,329
Cap Rate 9%
$802,922
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$903.3K – $1.20M
NOI $72,263 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$970.7K
$849.3K – $1.13M
NOI $67,947 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,517 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,366
Businesses Nearby
Explore this area
Business Placement
Demographics for 02144, MA
25,497
Population
11,881
Households
2.1
Avg Household Size
31
Median Age
75%
College-Educated
96%
High-School Grad
1.1 sq mi
ZIP Area
23,179
Density / Sq Mi
$140,591
Median Household Income
$74,639
Median Earnings
$2,654
Median Rent
$987,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Ten-bedroom configuration with central heating and air conditioning serving both units.
Where is this duplex located?
The property is located at 14 Dow St. Somerville, MA.
What is the asking price?
The asking price for this property is $1,849,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,415 square feet of property area; 10 bedrooms and 3 full bathrooms; New heat pumps in both units provide central heat and AC
