Three-Level Duplex with
For Sale
$1,549,900
158 Albion Street, Somerville, MA 02144
Two residential units include seven bedrooms, three full baths, laundry, and off-street parking.
Property Size3,317 SF
Price / SF$467.26
Days on Market128
Property Features for 158 Albion Street
General Information
Standard status
Active
Size
3,317 SF
Total Parking Spaces
4
Property subtype
Multi-family
Occupancy
100%
Financials
Gross Income
$93,600
Average Monthly Rent
$3,900
Units
Unit Mix
1 x 2BR/1BA, 1 x 5BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
laundry
deck
Building Details
Year Built
1890
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Steve Bremis Realty Group
(617) 828-1070
Listed By:
Stephen Bremis · License #128686
(617) 828-1070
Source:
Stevebremis
Added: Apr 25
Changed: Aug 29
Last Checked: Aug 29 at 7:45PM
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 Steve Bremis Realty Group
Investment Insights
Based on property information with market context.
This 3,317-square-foot duplex at 158 Albion Street includes two residential units arranged across three levels, with seven bedrooms and three full baths. The first-floor unit was renovated within the past 10 years. The upper unit includes a renovated kitchen with breakfast nook, double sliders opening to a deck, cathedral ceilings, skylights, and a family room. Laundry is provided in both units, and the property offers off-street parking for up to 4 cars along with a backyard.
The property is located less than a quarter mile from the Green Line and a half mile from the Red Line. Walk Score is 89 and Bike Score is 92. Both units are rented, with leases expiring 8/31/26. Built in 1890, the duplex provides a substantial residential configuration near rail transit.
The property is located less than a quarter mile from the Green Line and a half mile from the Red Line. Walk Score is 89 and Bike Score is 92. Both units are rented, with leases expiring 8/31/26. Built in 1890, the duplex provides a substantial residential configuration near rail transit.
Key Highlights
- 3,317‑square‑foot duplex across three levels
- Seven bedrooms and three full baths across two units
- Upper‑level kitchen renovation with breakfast nook, deck access, cathedral ceilings, and skylights
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,189
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,403,780
$1.4M
Cap Rate 7%
$1,002,700
$1.0M
Cap Rate 9%
$779,878
$779.9K
Market Conditions
NOI Build-Up for 3,317 SF
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.
Gross rent
$105.5K $31.80/SF
− Vacancy
−$5.2K −$1.57/SF
EGI
$100.3K $30.23/SF
− OpEx
−$30.1K −$9.07/SF
NOI
$70.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,403,780
Cap Rate 7%
$1,002,700
Cap Rate 9%
$779,878
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$877.4K – $1.17M
NOI $70,189 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$942.8K
$825.0K – $1.10M
NOI $65,997 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,456 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,432
Businesses Nearby
Explore this area
Business Placement
Demographics for 02144, MA
25,497
Population
11,881
Households
2.1
Avg Household Size
31
Median Age
75%
College-Educated
96%
High-School Grad
1.1 sq mi
ZIP Area
23,179
Density / Sq Mi
$140,591
Median Household Income
$74,639
Median Earnings
$2,654
Median Rent
$987,000
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?
Duplex - Two residential units include seven bedrooms, three full baths, laundry, and off-street parking.
Where is this duplex located?
The property is located at 158 Albion Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,549,900.
What are key features of this property?
This property features: 3,317‑square‑foot duplex across three levels; Seven bedrooms and three full baths across two units; Upper‑level kitchen renovation with breakfast nook, deck access, cathedral ceilings, and skylights
