Two-Family Duplex with
For Sale
$1,280,000
18 Crescent St., Somerville, MA 02145
Separate vacant residences offer flexible layouts for owner occupancy or rental use.
Property Size2,408 SF
Price / SF$531.56
Days on Market103
Property Features for 18 Crescent St.
General Information
Standard status
Active
Size
2,408 SF
Total Parking Spaces
10
Property subtype
Multi-Family
Zoning
NR
Taxes and HOA fees
Annual Taxes
$9,728
Building Details
Building Size
2,408 SF
Year Built
1915
Stories
3
Listing Agency:
Coldwell Banker Realty - Brookline
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: May 20
Changed: Aug 29
Last Checked: Aug 29 at 7:20PM
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 Coldwell Banker Realty - Brookline
Investment Insights
Based on property information with market context.
This 2,408-square-foot duplex, built in 1915, contains two vacant residences with distinct layouts. The first-floor unit includes two bedrooms, one bathroom, a living room, and an eat-in kitchen. The upper duplex features four bedrooms, two renovated bathrooms, a living room, and an eat-in kitchen. Both units are described as move-in ready.
An oversized backyard provides parking and outdoor green space. The property is approximately half a mile from both Green Line and Orange Line trains, with access to I-93, Charlestown, Assembly Row, Encore, Cambridge, and Downtown Boston. NR zoning is identified in the property information.
An oversized backyard provides parking and outdoor green space. The property is approximately half a mile from both Green Line and Orange Line trains, with access to I-93, Charlestown, Assembly Row, Encore, Cambridge, and Downtown Boston. NR zoning is identified in the property information.
Key Highlights
- 2,408 SF two‑family duplex on an oversized backyard parcel
- First‑floor unit with 2 bedrooms, 1 bathroom, living room, and eat‑in kitchen
- Upper duplex includes 4 bedrooms, 2 renovated bathrooms, living room, and eat‑in kitchen
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
$50,954
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
3.98%
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%
$1,019,080
$1.0M
Cap Rate 7%
$727,914
$727.9K
Cap Rate 9%
$566,156
$566.2K
Market Conditions
NOI Build-Up for 2,408 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
$76.6K $31.80/SF
− Vacancy
−$3.8K −$1.57/SF
EGI
$72.8K $30.23/SF
− OpEx
−$21.8K −$9.07/SF
NOI
$51.0K $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%
$1,019,080
Cap Rate 7%
$727,914
Cap Rate 9%
$566,156
Alternative Uses
Best Use
Multifamily LT 5
$727.9K
$636.9K – $849.2K
NOI $50,954 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$684.4K
$598.9K – $798.5K
NOI $47,911 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,787 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,802
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
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 - Separate vacant residences offer flexible layouts for owner occupancy or rental use.
Where is this duplex located?
The property is located at 18 Crescent St. Somerville, MA.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: 2,408 SF two‑family duplex on an oversized backyard parcel; First‑floor unit with 2 bedrooms, 1 bathroom, living room, and eat‑in kitchen; Upper duplex includes 4 bedrooms, 2 renovated bathrooms, living room, and eat‑in kitchen
