Somerville Mixed-Use Building For
148 Pearl Street Somerville, MA 02145
148 Pearl Street, Somerville, MA, 02145
$1,599,000
For Sale
$1,599,000
Mixed-use building with three residential units and one commercial unit.
Property Size3,115 SF
Price / SF$513.32
Days on Market126
Property Features for 148 Pearl Street
General Information
- Standard status
- Active
- Size
- 3,115 SF
- Property subtype
- Multi-family / 4 Family
Building Details
- Year Built
- 1910
Listing Agency
Engel & Volkers Boston
(617) 936-4194
Listed by
John Silk · License #9575295
(617) 936-4194
Source
Compass
Added: Mar 14 Checked: Jul 17 at 5:20 am
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 Engel & Volkers Boston
Investment Insights
Based on property information with market context.
This East Somerville mixed-use building is comprised of three units, each featuring three beds and one bath, along with one commercial unit that includes a large attached garage. The property offers potential as a rental property for generating monthly income or as a condo conversion project. Updated systems are installed throughout the building. The property includes six off-street parking spaces located on the backside. Situated in an ideal Somerville location, the property is close to shopping, highway access, and restaurants. Spanning 148-150 Pearl St and 18 Flint Ave, this property offers various possibilities for investors, business owners, or owner-occupants.
Key Highlights
- Delivered vacant, offering immediate occupancy or renovation potential.
- Mixed‑use building with three residential units (3 beds, 1 bath each) and one commercial unit with a large attached garage.
- Six off‑street parking spaces.
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 | $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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Mixed-use building with three residential units and one commercial unit.
Where is this quadplex located?
The property is located at 148 Pearl Street 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, offering immediate occupancy or renovation potential.; Mixed‑use building with three residential units (3 beds, 1 bath each) and one commercial unit with a large attached garage.; Six off‑street parking spaces.
