Two-Unit Duplex with
New
For Sale
$1,150,000
15 Skehan Street, Somerville, MA 02143
The property combines two similar three-bedroom residences, with one vacant and the other leased through August 2027.
Property Size1,896 SF
Price / SF$606.54
Days on Market5
Property Features for 15 Skehan Street
General Information
Standard status
Active
Size
1,896 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Amenities
private porches
basement laundry
private backyard
Building Details
Year Built
1900
Listing Agency:
Compass
Listed By:
Joshua Drawas
(617) 212-1188
Source:
Highlandre
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 11 at 9:30AM
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 Compass
Investment Insights
Based on property information with market context.
Built in 1900, this 1,896-square-foot duplex contains two residences with similar three-bedroom layouts and private porches. Unit 1 is vacant and has received flooring, kitchen finish, and appliance updates. Unit 2 is tenant-occupied under a lease ending in August 2027. Basement laundry and a backyard are also part of the property.
The home is at 15 Skehan Street in Somerville, with Harvard University, Union Square, and Inman Square identified as nearby destinations. Additional building features include a 100-amp electrical service and a heating system described as young.
The home is at 15 Skehan Street in Somerville, with Harvard University, Union Square, and Inman Square identified as nearby destinations. Additional building features include a 100-amp electrical service and a heating system described as young.
Key Highlights
- Two residences, each with a similar three‑bedroom layout
- 1,896‑square‑foot building constructed in 1900
- Private porch for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,120
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,400
$802.4K
Cap Rate 7%
$573,143
$573.1K
Cap Rate 9%
$445,778
$445.8K
Market Conditions
NOI Build-Up for 1,896 SF
Gross rent
$60.3K $31.80/SF
− Vacancy
−$3.0K −$1.57/SF
EGI
$57.3K $30.23/SF
− OpEx
−$17.2K −$9.07/SF
NOI
$40.1K $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%
$802,400
Cap Rate 7%
$573,143
Cap Rate 9%
$445,778
Alternative Uses
Best Use
Multifamily LT 5
$573.1K
$501.5K – $668.7K
NOI $40,120 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$538.9K
$471.6K – $628.7K
NOI $37,724 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$1.12M
$982.1K – $1.31M
NOI $78,570 @ 7.0% cap · market cap 6.83%
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
3,514
Businesses Nearby
Explore this area
Business Placement
Demographics for 02143, MA
26,022
Population
12,901
Households
2
Avg Household Size
33
Median Age
74%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
17,348
Density / Sq Mi
$126,102
Median Household Income
$73,055
Median Earnings
$2,424
Median Rent
$930,200
Median Home Value
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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 - The property combines two similar three-bedroom residences, with one vacant and the other leased through August 2027.
Where is this duplex located?
The property is located at 15 Skehan Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two residences, each with a similar three‑bedroom layout; 1,896‑square‑foot building constructed in 1900; Private porch for each residence
