Two-Family Residential Income
142-144 North Street Somerville, MA 02144
142-144 North Street, Somerville, MA, 02144
$1,345,000
Pending
For Sale
$1,345,000
Pending
Well-maintained two-family residence with updated kitchens, mechanicals, and exterior decks, plus a spacious two-car garage.
Property Size2,702 SF
Days on Market169
Property Features for 142-144 North Street
General Information
- Standard status
- Pending
- Size
- 2,702 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1920
Listing agency
Donnelly + Co.
(617) 982-0160
Listed by
Robert Lavey · License #9569289
(617) 982-0160
Source
Compass
Added: Feb 4 Updated: Jul 22 at 2:19AM Checked: Jul 22 at 2:19AM
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 Donnelly + Co.
Investment Insights
Based on property information with market context.
This well-maintained two-family home is set up as two distinct residential units, totaling six bedrooms and two bathrooms. The property has been thoughtfully updated during the seller’s ownership, with recent improvements including new exterior decks, French drain installation, updated kitchens, and regularly serviced mechanical systems. A spacious two-car garage provides added convenience for the building’s occupants.
The property is located in West Somerville, just blocks from Tufts University. The provided information indicates strong rental demand in the surrounding area.
With six bedrooms across two units, this configuration supports a straightforward income-residential setup for qualified owners, including those looking to occupy one unit while renting the other.
The property is located in West Somerville, just blocks from Tufts University. The provided information indicates strong rental demand in the surrounding area.
With six bedrooms across two units, this configuration supports a straightforward income-residential setup for qualified owners, including those looking to occupy one unit while renting the other.
Key Highlights
- Two‑family home built in 1920 with 6 bedrooms and 2 full baths across two units
- Upper unit generates $5,000/month in rental income (per seller’s remarks)
- Updated kitchens and regularly serviced mechanical systems during seller’s ownership
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 | $85.9k | $31.80 |
| − Vacancy | −$4.2k | −$1.57 |
| EGI | $81.7k | $30.23 |
| − OpEx | −$24.5k | −$9.07 |
| NOI | $57.2k | $21.16 |
2,702 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$816.8K
$714.7K – $952.9K
NOI $57,175 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$768.0K
$672.0K – $896.0K
NOI $53,761 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $111,970 @ 7.0% cap · market cap 8.32%
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 - Well-maintained two-family residence with updated kitchens, mechanicals, and exterior decks, plus a spacious two-car garage.
Where is this duplex located?
The property is located at 142-144 North Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,345,000.
What are key features of this property?
This property features: Two‑family home built in 1920 with 6 bedrooms and 2 full baths across two units; Upper unit generates $5,000/month in rental income (per seller’s remarks); Updated kitchens and regularly serviced mechanical systems during seller’s ownership
