Two-Family Residential Income
For Sale
$1,149,000
12 Douglas Ave, Somerville, MA 02145
Two well-maintained residential units with off-street parking and unfinished attic and basement space.
Property Size2,894 SF
Price / SF$397.03
Days on Market120
Property Features for 12 Douglas Ave
General Information
Standard status
Active
Size
2,894 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
NR
Net Operating Income
$67,500
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,851
Building Details
Building Size
2,894 SF
Year Built
1920
Stories
2
Tenancy
Multi
Listing Agency:
Block Realty
(617) 505-3324
Listed By:
AD Advisors Team
(617) 869-4907
Source:
Churchillprop
Added: Jun 25
Changed: Oct 6
Last Checked: Oct 20 at 5:21PM
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 Block Realty
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Investment Insights
Based on property information with market context.
12 Douglas Avenue is a well-maintained two-family property featuring two residential units. The home includes off-street parking for two vehicles, along with an unfinished attic and an unfinished basement that may allow for future space improvements.
The property is set atop Winter Hill on a dead-end street, offering a quieter residential setting and elevated skyline views. It is also described as just minutes from Assembly Row, Union Square, public transportation, and major employment hubs.
With two separate units and on-site parking, the layout supports straightforward residential income use while retaining unfinished space for potential expansion or reconfiguration.
The property is set atop Winter Hill on a dead-end street, offering a quieter residential setting and elevated skyline views. It is also described as just minutes from Assembly Row, Union Square, public transportation, and major employment hubs.
With two separate units and on-site parking, the layout supports straightforward residential income use while retaining unfinished space for potential expansion or reconfiguration.
Key Highlights
- Two‑family property built in 1920 with two well‑maintained residential units
- Off‑street parking for two vehicles
- Includes an unfinished attic for potential future expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,238
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,224,760
$1.2M
Cap Rate 7%
$874,829
$874.8K
Cap Rate 9%
$680,422
$680.4K
Market Conditions
NOI Build-Up for 2,894 SF
Gross rent
$92.0K $31.80/SF
− Vacancy
−$4.5K −$1.57/SF
EGI
$87.5K $30.23/SF
− OpEx
−$26.2K −$9.07/SF
NOI
$61.2K $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 Rate 5%
$1,224,760
Cap Rate 7%
$874,829
Cap Rate 9%
$680,422
Alternative Uses
Best Use
Multifamily LT 5
$874.8K
$765.5K – $1.02M
NOI $61,238 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$822.6K
$719.8K – $959.7K
NOI $57,581 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,927 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
Explore this area
Business Placement
Demographics for 02145, MA
27,520
Population
12,669
Households
2.2
Avg Household Size
33
Median Age
55%
College-Educated
89%
High-School Grad
1.4 sq mi
ZIP Area
19,657
Density / Sq Mi
$119,167
Median Household Income
$63,629
Median Earnings
$2,377
Median Rent
$784,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two well-maintained residential units with off-street parking and unfinished attic and basement space.
Where is this duplex located?
The property is located at 12 Douglas Ave Somerville, MA.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Two‑family property built in 1920 with two well‑maintained residential units; Off‑street parking for two vehicles; Includes an unfinished attic for potential future expansion
