39 Derby St, Somerville, MA 02145
MULTI_FAMILY - Somerville, MA
- Added:
- Jun 4, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 8 at 11:06 am
Property Features for 39 Derby St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- NR
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 5
- Parking
- 8
- Standard status
- Active
- APN
- 757533
- Size
- 3,426 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 10266
Building Details
- Year built
- 1920
- Floors in Building
- 4
- Number of units
- 1
Listing agent Christina Hill (978) 369-5775
Listing office Keller Williams Realty Boston Northwest 1 Militia Drive, Ste. 204, Concord, MA (781) 862-2800
Listing date Jun 4, 2026
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.
HighLights
- 2‑family home built in 1920 with 6 bedrooms total across two units
- Second‑floor unit features 4 bedrooms plus a spacious kitchen and bathroom
- First‑floor unit offers 2 bedrooms, kitchen, and a bathroom
- Basement with laundry; includes 2 gas hot water heaters and 2 oil furnaces with forced hot air heating
- Separate utilities: 2 electric meters with 100 amps each
- Includes large basement, 2 patios, and private parking for 6–7 cars
Overview
Located in Somerville, the home offers convenient access to major transit and commuter routes. The remarks cite easy access to I-93 and the Green/Orange line, with walkable proximity to Foss Park, Sullivan T- station, Gilman Square, and Assembly Row. The property is sited on a small lot size of 0.0861 acres under zoning identified as NR.
For buyers looking for a renovation or value-add project, this duplex is described as ready for cosmetic updates while retaining a straightforward two-unit structure. The separate metering and independent heating equipment can support operational flexibility for an owner-occupant or investor, while the combination of patios and on-site parking adds practical appeal for tenants.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.9k | $31.80 |
| − Vacancy | −$5.4k | −$1.57 |
| EGI | $103.6k | $30.23 |
| − OpEx | −$31.1k | −$9.07 |
| NOI | $72.5k | $21.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Somerville
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.089867
- Latitude
- 42.394051
