Two-Family Duplex with
For Sale
$1,359,000
143 Albion St, Somerville, MA 02144
A two-unit residential property with transit connections and dining, shopping, and entertainment destinations nearby.
Property Size2,306 SF
Price / SF$589.33
Days on Market11
Property Features for 143 Albion St
General Information
Standard status
Active
Size
2,306 SF
Total Parking Spaces
1
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,869
Building Details
Buildings
1
Listing Agency:
eXp Realty LLC
(888) 854-7493
Listed By:
Geraldine Baez-Santana
(617) 417-6700
Source:
Exprealty
Added: Sep 17
Changed: Sep 24
Last Checked: Sep 26 at 11:23AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This two-family property at 143 Albion St in Somerville contains 2,306 square feet. Parking includes one space on an adjacent private way under a shared easement involving three properties; additional off-street parking is available with a city permit.
The property is near two Green Line Extension stops and Magoun Square. Assembly Row, Davis Square, and Union Square are also nearby, along with restaurants, food markets, shops, and a neighborhood playground.
The property is near two Green Line Extension stops and Magoun Square. Assembly Row, Davis Square, and Union Square are also nearby, along with restaurants, food markets, shops, and a neighborhood playground.
Key Highlights
- Two‑family property with 2,306 square feet
- One parking space on an adjacent private way, governed by a shared easement among three properties
- Additional off‑street parking available with a city permit
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
$48,796
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
3.59%
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%
$975,920
$975.9K
Cap Rate 7%
$697,086
$697.1K
Cap Rate 9%
$542,178
$542.2K
Market Conditions
NOI Build-Up for 2,306 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
$73.3K $31.80/SF
− Vacancy
−$3.6K −$1.57/SF
EGI
$69.7K $30.23/SF
− OpEx
−$20.9K −$9.07/SF
NOI
$48.8K $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%
$975,920
Cap Rate 7%
$697,086
Cap Rate 9%
$542,178
Alternative Uses
Best Use
Multifamily LT 5
$697.1K
$610.0K – $813.3K
NOI $48,796 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$655.5K
$573.5K – $764.7K
NOI $45,882 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$1.37M
$1.19M – $1.59M
NOI $95,560 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,432
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - A two-unit residential property with transit connections and dining, shopping, and entertainment destinations nearby.
Where is this duplex located?
The property is located at 143 Albion St Somerville, MA.
What is the asking price?
The asking price for this property is $1,359,000.
What are key features of this property?
This property features: Two‑family property with 2,306 square feet; One parking space on an adjacent private way, governed by a shared easement among three properties; Additional off‑street parking available with a city permit
