Mixed-Use Quadplex with Attached
For Sale
$1,599,000
148 Pearl, Somerville, MA 02145
Other - Somerville, MA
Property Size3,115 SF
Lot Size0.10 Acres
Price / SF$513.32
Days on Market36
Property Features for 148 Pearl
General Information
Property type
Other
Property subtype
Quadruplex
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
Parking
8
Parking features
Off Street, Paved or Surfaced
Directions
Corner of Pearl St and Flint
Standard status
Active
APN
760177
Size
3,115 SF
Lot size
0.10 Acres
Building Details
Year built
1910
Flooring type
Hardwood, Tile, Wood
Roof type
Rubber, Shingle
Architectural style
Other
Listing Agency:
Engel & Völkers Boston
(617) 936-4194
Listed By:
John Silk
Added: Jun 27
Changed: Jul 15
Last Checked: Aug 1 at 3:06PM
MLS# 73492514
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use building in Somerville includes three residential units, each with three bedrooms and one bathroom, plus one commercial unit. The commercial space has a large attached garage, and the property has updated systems throughout. It is being delivered vacant, providing a clean start for the next owner.
The building includes six off-street parking spaces located on the backside. The property spans 148–150 Pearl St and 18 Flint Ave, offering one consolidated ownership across the addresses.
Overall, the layout supports both residential income and commercial use in the same building, with parking and garage space as key components of the property configuration.
The building includes six off-street parking spaces located on the backside. The property spans 148–150 Pearl St and 18 Flint Ave, offering one consolidated ownership across the addresses.
Overall, the layout supports both residential income and commercial use in the same building, with parking and garage space as key components of the property configuration.
Key Highlights
- Delivered Vacant: Ready for immediate occupancy.
- Mixed‑Use Building: Features three residential units and one commercial unit with a large attached garage.
- Six Off‑Street Parking Spaces: A valuable amenity.
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 | $99.1k | $31.80 |
| − Vacancy | −$4.9k | −$1.57 |
| EGI | $94.2k | $30.23 |
| − OpEx | −$28.2k | −$9.07 |
| NOI | $65.9k | $21.16 |
3,115 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$941.6K
$823.9K – $1.10M
NOI $65,915 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$885.4K
$774.7K – $1.03M
NOI $61,978 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,085 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,144
Businesses Nearby
Explore this area
Business Placement
Demographics for 02145, MA
27,520
Population
12,669
Households
2.2
Avg Household Size
33
Median Age
55%
College-Educated
89%
High-School Grad
1.4 sq mi
ZIP Area
19,657
Density / Sq Mi
$119,167
Median Household Income
$63,629
Median Earnings
$2,377
Median Rent
$784,900
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?
Quadplex - Mixed-use building with three 3-bed residential units and one commercial unit featuring an attached garage and six off-street parking spaces.
Where is this quadplex located?
The property is located at 148 Pearl Somerville, MA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Delivered Vacant: Ready for immediate occupancy.; Mixed‑Use Building: Features three residential units and one commercial unit with a large attached garage.; Six Off‑Street Parking Spaces: A valuable amenity.
