Two-Unit Residential Income
11 Rush St Somerville, MA 02145
11 Rush St, Somerville, MA, 02145
$1,039,000
Pending
For Sale
$1,039,000
Pending
Well-maintained two-family home with two 2-bedroom units, separate utilities, and covered porches.
Property Size2,124 SF
Days on Market85
Property Features for 11 Rush St
General Information
- Standard status
- Pending
- Size
- 2,124 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1890
Listing agency
Lawton Real Estate, Inc
(781) 858-3636
Listed by
David Earle
(781) 858-3636
Source
Lockandkeyre
Added: Apr 28 Updated: Jul 21 at 11:40AM Checked: Jul 21 at 11:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lawton Real Estate, Inc
Investment Insights
Based on property information with market context.
A well-maintained two-family home that has been in the same family since 1968. The property offers two units, each with two bedrooms, one full bathroom, an eat-in kitchen, a family room, and a dedicated laundry area. The top unit spans two floors for additional space, while the bottom unit includes two mini splits for air conditioning. Both units have separate utilities, and new hot water tanks were installed in 2022.
The home features upper and lower covered porches. Additional storage and parking are supported by a large unfinished basement with a walkout leading to a three-car garage, along with a driveway that can accommodate seven vehicles. The property is located just off Broadway with easy access to the Sullivan Square T Stop and Route 93, and is about a half-mile to Assembly Row, Foss Park, Encore Casino, and local shops and restaurants in East Somerville.
The home features upper and lower covered porches. Additional storage and parking are supported by a large unfinished basement with a walkout leading to a three-car garage, along with a driveway that can accommodate seven vehicles. The property is located just off Broadway with easy access to the Sullivan Square T Stop and Route 93, and is about a half-mile to Assembly Row, Foss Park, Encore Casino, and local shops and restaurants in East Somerville.
Key Highlights
- 1890‑built well‑maintained two‑family home with two 2‑bedroom units and separate utilities for each unit
- Each unit includes an eat‑in kitchen, family room, full bathroom, and laundry area
- Top unit is configured over two floors for additional space; bottom unit has two mini‑splits for AC
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 | $67.5k | $31.80 |
| − Vacancy | −$3.3k | −$1.57 |
| EGI | $64.2k | $30.23 |
| − OpEx | −$19.3k | −$9.07 |
| NOI | $44.9k | $21.16 |
2,124 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$642.1K
$561.8K – $749.1K
NOI $44,945 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$603.7K
$528.3K – $704.3K
NOI $42,260 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,018 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with two 2-bedroom units, separate utilities, and covered porches.
Where is this duplex located?
The property is located at 11 Rush St Somerville, MA.
What is the asking price?
The asking price for this property is $1,039,000.
What are key features of this property?
This property features: 1890‑built well‑maintained two‑family home with two 2‑bedroom units and separate utilities for each unit; Each unit includes an eat‑in kitchen, family room, full bathroom, and laundry area; Top unit is configured over two floors for additional space; bottom unit has two mini‑splits for AC
