Mixed-Use Quadplex with
For Sale
$1,599,000
148 Pearl, Somerville, MA 02145
Somerville, MA
Property Size3,115 SF
Price / SF$513.32
Days on Market110
Property Features for 148 Pearl
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
9
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 3, Bedroom 9, Bedroom 2, Bedroom 5, Bedroom 7, Bedroom 1, Bedroom 6, Bedroom 8
Standard status
Active
Size
3,115 SF
Building Details
Year built
1910
Listing Agency:
Engel & Volkers Boston · Engel & Völkers
(617) 936-4194
Listed By:
John Silk
Added: Jul 15
Changed: Oct 31
Last Checked: Nov 1 at 4:06PM
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.
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Investment Insights
Based on property information with market context.
This 3,115-square-foot mixed-use quadplex, built in 1910, includes three residential apartments and one commercial unit. Each apartment is configured with 3 bedrooms and 1 bath. The property also includes a large attached garage, updated systems throughout, and delivery in vacant condition.
Six off-street parking spaces are located behind the building. The property is in Somerville, near shopping, restaurants, and highway access. Potential uses identified for the property include continued rental operation, owner occupancy, commercial use, or conversion to condominiums.
Six off-street parking spaces are located behind the building. The property is in Somerville, near shopping, restaurants, and highway access. Potential uses identified for the property include continued rental operation, owner occupancy, commercial use, or conversion to condominiums.
Key Highlights
- 3,115 SF mixed‑use quadplex built in 1910
- Three residential units, each with 3 bedrooms and 1 bath
- One commercial unit with a large attached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,915
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,318,300
$1.3M
Cap Rate 7%
$941,643
$941.6K
Cap Rate 9%
$732,389
$732.4K
Market Conditions
NOI Build-Up for 3,115 SF
Gross rent
$99.1K $31.80/SF
− Vacancy
−$4.9K −$1.57/SF
EGI
$94.2K $30.23/SF
− OpEx
−$28.2K −$9.07/SF
NOI
$65.9K $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 Rate 5%
$1,318,300
Cap Rate 7%
$941,643
Cap Rate 9%
$732,389
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,293
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Vacant four-unit property combines residential apartments with a commercial space, updated systems, and rear parking.
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: 3,115 SF mixed‑use quadplex built in 1910; Three residential units, each with 3 bedrooms and 1 bath; One commercial unit with a large attached garage
