Two-Family Residential Income
12 Douglas Avenue Somerville, MA 02145
12 Douglas Avenue, Somerville, MA, 02145
$1,195,000
For Sale
$1,195,000
Two well-maintained residential units with off-street parking and unfinished attic and basement space.
Property Size2,894 SF
Price / SF$412.92
Days on Market48
Property Features for 12 Douglas Avenue
General Information
- Standard status
- Active
- Size
- 2,894 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
Block Realty
Listed by
AD Advisors Team
(781) 878-2478
Source
Trufantre
Added: Jun 4 Updated: Jul 21 at 7:27AM Checked: Jul 21 at 7:27AM
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
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
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 | $92.0k | $31.80 |
| − Vacancy | −$4.5k | −$1.57 |
| EGI | $87.5k | $30.23 |
| − OpEx | −$26.2k | −$9.07 |
| NOI | $61.2k | $21.16 |
2,894 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$874.8K
$765.5K – $1.02M
NOI $61,238 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$822.6K
$719.8K – $959.7K
NOI $57,581 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,927 @ 7.0% cap · market cap 10.04%
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 - 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 Avenue Somerville, MA.
What is the asking price?
The asking price for this property is $1,195,000.
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
