Two-Family Residential Income
For Sale
$1,849,000
14 Dow St., Somerville, MA 02144
Two-unit property with 10 bedrooms, 3 full baths, full basement, and detached 2-car garage.
Property Size3,415 SF
Days on Market51
Property Features for 14 Dow St.
General Information
Standard status
Active
Size
3,415 SF
Property subtype
Multi Family
Additional Details
Business Included
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$17,747
Building Details
Building Size
3,415 SF
Year Built
1910
Tenancy
Multi
Listing Agency:
Keller Williams Realty Signature Properties
Listed By:
Matthew Langlois
(781) 924-5766
Source:
Bostonluxurysuburbs
Added: Jul 17
Changed: Sep 4
Last Checked: Sep 5 at 7:42AM
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 Keller Williams Realty Signature Properties
Investment Insights
Based on property information with market context.
This two-family residential income property offers a combined layout of 10 bedrooms and 3 full bathrooms. Each unit is supported by new heat pumps, providing high-efficiency central heat/AC. The home also includes a full basement with additional storage and utility space, plus a spacious backyard and a detached 2-car garage. Off-street parking is also available.
Located just minutes from the shops, restaurants, and cafes of Teele Square, the property is also close to Tufts University. Convenient access to the MBTA Green Line and Red Line, along with public transportation and major commuter routes, supports everyday mobility for tenants and owners.
The configuration provides two separate units within a single building, with outdoor space, dedicated storage areas in the basement, and parking through the detached garage and off-street spaces.
Located just minutes from the shops, restaurants, and cafes of Teele Square, the property is also close to Tufts University. Convenient access to the MBTA Green Line and Red Line, along with public transportation and major commuter routes, supports everyday mobility for tenants and owners.
The configuration provides two separate units within a single building, with outdoor space, dedicated storage areas in the basement, and parking through the detached garage and off-street spaces.
Key Highlights
- Two‑family property built in 1910 with 10 bedrooms and 3 full baths
- New heat pumps in both units providing central heat/AC
- Full basement with additional storage and utility space
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
$72,263
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
3.91%
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%
$1,445,260
$1.4M
Cap Rate 7%
$1,032,329
$1.0M
Cap Rate 9%
$802,922
$802.9K
Market Conditions
NOI Build-Up for 3,415 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
$108.6K $31.80/SF
− Vacancy
−$5.4K −$1.57/SF
EGI
$103.2K $30.23/SF
− OpEx
−$31.0K −$9.07/SF
NOI
$72.3K $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%
$1,445,260
Cap Rate 7%
$1,032,329
Cap Rate 9%
$802,922
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$903.3K – $1.20M
NOI $72,263 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$970.7K
$849.3K – $1.13M
NOI $67,947 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,517 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,366
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-unit property with 10 bedrooms, 3 full baths, full basement, and detached 2-car garage.
Where is this duplex located?
The property is located at 14 Dow St. Somerville, MA.
What is the asking price?
The asking price for this property is $1,849,000.
What are key features of this property?
This property features: Two‑family property built in 1910 with 10 bedrooms and 3 full baths; New heat pumps in both units providing central heat/AC; Full basement with additional storage and utility space
