Duplex with
15 Everett Ave, Somerville, MA 02145
For Sale
$950,000
An existing tenant provides current rental income while the property requires extensive renovation.
Property Size1,954 SF
Price / SF$486.18
Days on Market15
Property Features for 15 Everett Ave
General Information
Standard status
Size
Property subtype
Zoning
Property Condition
Severity
Evidence
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Unfinished
Wood,Plywood,Tile
2
No
3
4
Electric Dryer Hookup,Washer Hookup
Public Record
1954
Level
Public
0.08
Paved Drive,Off Street,Paved
Rain Gutters
Concrete Perimeter
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Berkshire Hathaway HomeServices Commonwealth Real Estate
Listed By:
Deborah L. Leavitt
Source:
Coarealtygroup
Added: Oct 30
Changed: Nov 11
Last Checked: Nov 13 at 2:06PM
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 Berkshire Hathaway HomeServices Commonwealth Real Estate
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Investment Insights
Based on property information with market context.
This two-family property in East Somerville includes a large rear yard and a paved driveway with off-street parking. The building was constructed in 1890 and contains 1,954 square feet on a 0.08-acre lot. Extensive renovation is needed, and an existing tenant currently provides rental income.
The property is near MBTA Sullivan Station, a bike path, and a major highway. East Somerville Community School, Foss Park, Assembly Square, and Gold Star Library are also nearby.
The property is near MBTA Sullivan Station, a bike path, and a major highway. East Somerville Community School, Foss Park, Assembly Square, and Gold Star Library are also nearby.
Key Highlights
- Two‑family property with an existing tenant and current rental income
- 1,954 square feet on a 0.08‑acre lot
- Built in 1890; extensive renovation required
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,347
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,940
$826.9K
Cap Rate 7%
$590,671
$590.7K
Cap Rate 9%
$459,411
$459.4K
Market Conditions
NOI Build-Up for 1,954 SF
Gross rent
$62.1K $31.80/SF
− Vacancy
−$3.1K −$1.57/SF
EGI
$59.1K $30.23/SF
− OpEx
−$17.7K −$9.07/SF
NOI
$41.3K $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%
$826,940
Cap Rate 7%
$590,671
Cap Rate 9%
$459,411
Alternative Uses
Best Use
Multifamily LT 5
$590.7K
$516.8K – $689.1K
NOI $41,347 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$555.4K
$486.0K – $648.0K
NOI $38,878 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,973 @ 7.0% cap · market cap 8.52%
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
Lease Details
2
Residential units
Single-tenant
Tenancy
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
$784,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Somerville, MA
Properties on Market for Duplexes in Somerville
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - An existing tenant provides current rental income while the property requires extensive renovation.
Where is this duplex located?
The property is located at 15 Everett Ave Somerville, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two‑family property with an existing tenant and current rental income; 1,954 square feet on a 0.08‑acre lot; Built in 1890; extensive renovation required
