Vacant Two-Family
17 Rush St., Somerville, MA 02145
For Sale
$849,900
Traditional architectural details and driveway parking accompany a flexible three-level residential layout.
Property Size1,880 SF
Price / SF$412.57
Days on Market59
Property Features for 17 Rush St.
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Flow Realty, Inc.
(888) 750-3569
Listed By:
Tom Fitzpatrick
(617) 775-4413
Source:
Iverty
Added: Sep 10
Changed: Nov 6
Last Checked: Nov 6 at 9:35AM
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 Flow Realty, Inc.
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Investment Insights
Based on property information with market context.
This two-family duplex at 17 Rush Street contains 2,060 square feet across three levels and will be delivered vacant. The property includes two residential units, each with one bathroom, along with living and dining areas, kitchens, rear entry access, storage, and closet space. Existing interior features include high ceilings, bay window niches, natural light, original hardwood floors, ceiling medallions, and wide traditional casing. Built in 1880, the home offers a substantial existing structure for renovation or reconfiguration.
Off-street driveway parking is included. The property is near the MBTA East Somerville Green Line Extension and Sullivan Square Orange Line, with access to Assembly Row, Union Square, Broadway dining and retail, I-93, Cambridge, and downtown Boston.
Off-street driveway parking is included. The property is near the MBTA East Somerville Green Line Extension and Sullivan Square Orange Line, with access to Assembly Row, Union Square, Broadway dining and retail, I-93, Cambridge, and downtown Boston.
Key Highlights
- 2,060 SF two‑family duplex across three levels
- Delivered 100% vacant at closing
- Built in 1880
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,590
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$871,800
$871.8K
Cap Rate 7%
$622,714
$622.7K
Cap Rate 9%
$484,333
$484.3K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$65.5K $31.80/SF
− Vacancy
−$3.2K −$1.57/SF
EGI
$62.3K $30.23/SF
− OpEx
−$18.7K −$9.07/SF
NOI
$43.6K $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%
$871,800
Cap Rate 7%
$622,714
Cap Rate 9%
$484,333
Alternative Uses
Best Use
Multifamily LT 5
$622.7K
$544.9K – $726.5K
NOI $43,590 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$585.5K
$512.3K – $683.1K
NOI $40,987 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,366 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
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 - Traditional architectural details and driveway parking accompany a flexible three-level residential layout.
Where is this duplex located?
The property is located at 17 Rush St. Somerville, MA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 2,060 SF two‑family duplex across three levels; Delivered 100% vacant at closing; Built in 1880
