Oversized Duplex With Private
For Sale
$1,499,000
110 W Adams Street, Somerville, MA 02144
Two units offer separate laundry, water metering, and dedicated outdoor areas.
Property Size3,174 SF
Price / SF$472.27
Days on Market15
Property Features for 110 W Adams Street
General Information
Standard status
Active
Size
3,174 SF
Property subtype
Multi-family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Amenities
laundry room
eat-in kitchen
hardwood floors
bonus rooms
private backyard
Building Details
Year Built
1910
Buildings
1
Listing Agency:
REMAX Andrew Realty Services
Listed By:
McTague Realty Group
(617) 696-6100
Source:
Kelleyrege
Added: Aug 6
Changed: Aug 19
Last Checked: Aug 19 at 10:23AM
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 REMAX Andrew Realty Services
Investment Insights
Based on property information with market context.
Built in 1910, this 3,174-square-foot duplex includes two residential units with distinct layouts and flexible living space. Each unit has a laundry room, an oversized eat-in kitchen, hardwood flooring, and bonus rooms adaptable for office, study, guest, play, or additional living use. The upper unit extends across a second floor with two additional bedrooms. Two separate water meters, one assigned to each unit, support straightforward utility management. The backyard is divided so each residence has its own private outdoor area.
The property is located at 110 W Adams Street in Somerville, near Tufts University, local shops, cafés, and restaurants. Green Line access supports commuting to Boston, while nearby major highways connect with surrounding communities. The two-unit configuration and separate outdoor spaces provide flexibility for an owner-occupant or an income-producing residential strategy.
The property is located at 110 W Adams Street in Somerville, near Tufts University, local shops, cafés, and restaurants. Green Line access supports commuting to Boston, while nearby major highways connect with surrounding communities. The two-unit configuration and separate outdoor spaces provide flexibility for an owner-occupant or an income-producing residential strategy.
Key Highlights
- 3,174‑square‑foot duplex built in 1910
- Each unit includes a laundry room, oversized eat‑in kitchen, hardwood floors, and bonus rooms
- Upper unit includes a second floor with two additional bedrooms
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
$67,163
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
4.48%
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%
$1,343,260
$1.3M
Cap Rate 7%
$959,471
$959.5K
Cap Rate 9%
$746,256
$746.3K
Market Conditions
NOI Build-Up for 3,174 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
$100.9K $31.80/SF
− Vacancy
−$5.0K −$1.57/SF
EGI
$95.9K $30.23/SF
− OpEx
−$28.8K −$9.07/SF
NOI
$67.2K $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%
$1,343,260
Cap Rate 7%
$959,471
Cap Rate 9%
$746,256
Alternative Uses
Best Use
Multifamily LT 5
$959.5K
$839.5K – $1.12M
NOI $67,163 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$902.2K
$789.4K – $1.05M
NOI $63,152 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,530 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,166
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 - Two units offer separate laundry, water metering, and dedicated outdoor areas.
Where is this duplex located?
The property is located at 110 W Adams Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 3,174‑square‑foot duplex built in 1910; Each unit includes a laundry room, oversized eat‑in kitchen, hardwood floors, and bonus rooms; Upper unit includes a second floor with two additional bedrooms
