Well-Maintained Three-Family with Private
For Sale
$1,649,900
Pending
45-47 Pearson Avenue, Somerville, MA 02144
Residential Income, Somerville, MA
Property Size3,357 SF
Lot Size0.08 Acres
Days on Market77
Property Features for 45-47 Pearson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
NR
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 3
Parking
3
Directions
Willow Ave to Kidder Ave to Pearson Ave
Standard status
Pending
Size
3,357 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
15458
Amenities
private rear deck
in-unit washer/dryer hookups
off-street parking
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Listing Agency:
Keller Williams Realty Boston Northwest
(617) 497-8900
Listed By:
Christina Hill
(978) 369-5775
Added: Jun 15
Changed: Aug 19
Last Checked: Aug 30 at 2:06PM
MLS# 73536363
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.
45–47 Pearson Avenue is a meticulously maintained three-family property offering approximately 3,357 SF and three well-proportioned units. The unit mix includes a 3BR, a 2BR, and a 1BR, and each unit features a private rear deck plus in-unit washer/dryer hookup(s). Off-street parking is also provided. All three units will be delivered vacant.
The property is located just steps from Davis Square and the Green Line Extension, providing close access to transit, restaurants, and shopping. Easy to show with 24 hours’ notice.
With zoning designated as NR and a year built of 1900, this is an ownership opportunity suited to either investor leasing of all three units or an owner-occupant selecting a preferred unit while offsetting expenses with rental income from the remaining unit(s).
The property is located just steps from Davis Square and the Green Line Extension, providing close access to transit, restaurants, and shopping. Easy to show with 24 hours’ notice.
With zoning designated as NR and a year built of 1900, this is an ownership opportunity suited to either investor leasing of all three units or an owner-occupant selecting a preferred unit while offsetting expenses with rental income from the remaining unit(s).
Key Highlights
- 3,357 SF three‑family on 0.0758 acres
- Unit mix: 3BR, 2BR, and 1BR
- Each unit has a private rear deck
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
$71,035
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
4.31%
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%
$1,420,700
$1.4M
Cap Rate 7%
$1,014,786
$1.0M
Cap Rate 9%
$789,278
$789.3K
Market Conditions
NOI Build-Up for 3,357 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
$106.8K $31.80/SF
− Vacancy
−$5.3K −$1.57/SF
EGI
$101.5K $30.23/SF
− OpEx
−$30.4K −$9.07/SF
NOI
$71.0K $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%
$1,420,700
Cap Rate 7%
$1,014,786
Cap Rate 9%
$789,278
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$887.9K – $1.18M
NOI $71,035 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$954.2K
$834.9K – $1.11M
NOI $66,793 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,113 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,970
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?
Triplex - Meticulously maintained three-family with private rear decks, in-unit washer/dryer hookups, and off-street parking in Somerville.
Where is this triplex located?
The property is located at 45-47 Pearson Avenue Somerville, MA.
What is the asking price?
The asking price for this property is $1,649,900.
What are key features of this property?
This property features: 3,357 SF three‑family on 0.0758 acres; Unit mix: 3BR, 2BR, and 1BR; Each unit has a private rear deck
