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    57-59 Myrtle St Somerville, MA 02145

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    For Sale
    $1,400,000

    Two-family property primed for condo conversion or income generation.

    Lot size:
    0.11 Acres

    Property Features for 57-59 Myrtle St

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1900

    Source: Coldwell Banker Realty - Boston Agent Mac Chinsomboon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    East Somerville Development Opportunity

    This property presents a development opportunity in East Somerville, featuring a side-by-side townhouse-style two-family home on a 5000 square foot lot with a driveway. The building has a 3026 square foot living area and a total area of 4930 square feet. The property is suitable for a condo conversion into two luxury townhomes with private yards or as an income-generating asset. Each duplex unit spans two floors and includes four bedrooms, one full bathroom, and one half bathroom, with approximately 1500 square feet of living space, plus a large basement. Each unit has separate utilities, including its own hot water system, gas boiler, gas meter, 100 amp electric service, and water meter. The location is approximately a 15-minute walk to the East Somerville MBTA Green Line stop or the Sullivan Square MBTA Orange Line stop, 0.8 miles to Union Square, 1 mile to Assembly Row's shopping and dining area, VOLO sports, and Lifetime Fitness, and 0.5 miles to I-93.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0836265
    Latitude
    42.3837223

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    FAQs

    What type of property is this?
    Duplex - Two-family property primed for condo conversion or income generation.
    Where is this duplex located?
    The property is located at 57-59 Myrtle St Somerville, MA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - A+ development opportunity for condo conversion into 2 luxury townhomes with private yards.; - Rare 5000sf lot with driveway in booming East Somerville.; - Excellent location: 15-minute walk to two MBTA lines (Green and Orange).
    (617) 905-6622
    Request Owner's contact information
    57-59 Myrtle St Somerville, MA 02145
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    Somerville, MA 02145
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    57-59 Myrtle St Somerville, MA 02145
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