Duplex with Updated
166 Albion St, Somerville, MA 02144
For Sale
$1,299,000
Both residences include hardwood floors, high ceilings, and updated kitchens and bathrooms.
Property Size2,530 SF
Days on Market53
Property Features for 166 Albion St
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
hardwood floors
updated kitchens and baths
high ceilings
Building Details
Building Size
Year Built
Listing Agency:
Block Realty
Listed By:
AD Advisors Team
(617) 869-4907
Source:
Donnellyandco
Added: Sep 22
Changed: Nov 12
Last Checked: Nov 12 at 5:06PM
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 Block Realty
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Investment Insights
Based on property information with market context.
This 1910 duplex contains two residences with hardwood flooring, high ceilings, and updated kitchens and bathrooms. The property is zoned NR, and its reported occupancy history spans more than a decade with no vacancy noted.
At 166 Albion St in Somerville, the property is positioned between Davis Square, Porter Square, and Magoun Square, with multiple MBTA stops nearby. Long-term tenants follow a September 1 leasing cycle.
At 166 Albion St in Somerville, the property is positioned between Davis Square, Porter Square, and Magoun Square, with multiple MBTA stops nearby. Long-term tenants follow a September 1 leasing cycle.
Key Highlights
- Two residences in a 1910 duplex
- 2,530 property size
- Hardwood floors, high ceilings, and updated kitchens and bathrooms in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,536
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,070,720
$1.1M
Cap Rate 7%
$764,800
$764.8K
Cap Rate 9%
$594,844
$594.8K
Market Conditions
NOI Build-Up for 2,530 SF
Gross rent
$80.5K $31.80/SF
− Vacancy
−$4.0K −$1.57/SF
EGI
$76.5K $30.23/SF
− OpEx
−$22.9K −$9.07/SF
NOI
$53.5K $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%
$1,070,720
Cap Rate 7%
$764,800
Cap Rate 9%
$594,844
Alternative Uses
Best Use
Multifamily LT 5
$764.8K
$669.2K – $892.3K
NOI $53,536 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$719.1K
$629.2K – $839.0K
NOI $50,338 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,843 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
100%
Occupancy
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
$987,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Both residences include hardwood floors, high ceilings, and updated kitchens and bathrooms.
Where is this duplex located?
The property is located at 166 Albion St Somerville, MA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two residences in a 1910 duplex; 2,530 property size; Hardwood floors, high ceilings, and updated kitchens and bathrooms in both residences
