Four-Unit Multifamily with Off-Street
159 Pearl Street Somerville, MA 02145
159 Pearl Street, Somerville, MA, 02145
$1,999,900
For Sale
$1,999,900
Two separate two-family homes on one lot with ample off-street parking and additional finished lower-level space.
Property Size7,500 SF
Price / SF$266.65
Days on Market75
Property Features for 159 Pearl Street
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
Atlantic Properties
(978) 578-5013
Listed by
Chris Bernier
(978) 578-5013
Source
Churchillprop
Added: May 8 Updated: Jul 21 at 5:50PM Checked: Jul 21 at 5:50PM
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 Atlantic Properties
Investment Insights
Based on property information with market context.
This property is configured as a four-unit multifamily and consists of two separate two-family homes on one lot. It has additional finished space in the lower levels, providing flexible room layouts beyond the primary units. The property is described as fully occupied with long-term tenants, with one unit planned to be delivered vacant.
Off-street parking is a standout feature, supported by a paved driveway on both sides for convenient tenant entry and exit. The property is located near major routes and public transportation, with access to nearby shopping and dining.
Buyers should note that the listing indicates the lower level finished space and any related functionality should be confirmed through buyer due diligence.
Off-street parking is a standout feature, supported by a paved driveway on both sides for convenient tenant entry and exit. The property is located near major routes and public transportation, with access to nearby shopping and dining.
Buyers should note that the listing indicates the lower level finished space and any related functionality should be confirmed through buyer due diligence.
Key Highlights
- Two separate 2‑family homes on one lot, configured as a four‑unit property
- Built in 1900
- Ample off‑street parking with a paved driveway on both sides for easy tenant entry/exit
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 | $238.5k | $31.80 |
| − Vacancy | −$11.8k | −$1.57 |
| EGI | $226.7k | $30.23 |
| − OpEx | −$68.0k | −$9.07 |
| NOI | $158.7k | $21.16 |
7,500 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.27M
$1.98M – $2.65M
NOI $158,703 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$2.13M
$1.87M – $2.49M
NOI $149,225 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$4.44M
$3.88M – $5.18M
NOI $310,798 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate two-family homes on one lot with ample off-street parking and additional finished lower-level space.
Where is this duplex located?
The property is located at 159 Pearl Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,999,900.
What are key features of this property?
This property features: Two separate 2‑family homes on one lot, configured as a four‑unit property; Built in 1900; Ample off‑street parking with a paved driveway on both sides for easy tenant entry/exit
