Two-Family Duplex with Off-Street
185 Powder House Blvd Somerville, MA 02144
185 Powder House Blvd, Somerville, MA, 02144
$1,395,000
Pending
For Sale
$1,395,000
Pending
Two-family duplex with 8 bedrooms and 3 baths, plus off-street driveway parking.
Property Size2,900 SF
Days on Market28
Property Features for 185 Powder House Blvd
General Information
- Standard status
- Pending
- Size
- 2,900 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing agency
Gibson Sotheby's International Realty
(617) 901-8765
Listed by
Marjie and Phil
(617) 901-8765
Source
Lockandkeyre
Added: Jun 25 Updated: Jul 21 at 1:46AM Checked: Jul 21 at 2:58AM
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 Gibson Sotheby's International Realty
Investment Insights
Based on property information with market context.
This well-maintained two-family duplex offers a total of 8 bedrooms and 3 baths. The first-floor unit is currently leased, while the second-floor unit features 5 bedrooms and 2 full baths, creating a flexible configuration for either investment ownership or owner-occupancy with rental income.
The property is located in Somerville, just minutes from Tufts University, with easy access to the Davis Square area and the Green Line. The remarks also note convenient routes to Cummings Center and Assembly Row, as well as Rt 93 for regional travel.
An off-street driveway parking setup adds practical day-to-day value for tenants and guests. Open house is scheduled for Fri 12–1:30pm, Sat 11–12:30pm, and Sun 1–2:30pm.
The property is located in Somerville, just minutes from Tufts University, with easy access to the Davis Square area and the Green Line. The remarks also note convenient routes to Cummings Center and Assembly Row, as well as Rt 93 for regional travel.
An off-street driveway parking setup adds practical day-to-day value for tenants and guests. Open house is scheduled for Fri 12–1:30pm, Sat 11–12:30pm, and Sun 1–2:30pm.
Key Highlights
- Two‑family duplex built in 1910 with 8 bedrooms and 3 baths total.
- First‑floor unit is leased for $3,900/month, providing rental income immediately.
- Second‑floor unit offers 5 bedrooms and 2 full baths for flexible living or rental use.
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 | $92.2k | $31.80 |
| − Vacancy | −$4.6k | −$1.57 |
| EGI | $87.7k | $30.23 |
| − OpEx | −$26.3k | −$9.07 |
| NOI | $61.4k | $21.16 |
2,900 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$876.6K
$767.1K – $1.02M
NOI $61,365 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$824.3K
$721.3K – $961.7K
NOI $57,700 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,175 @ 7.0% cap · market cap 8.61%
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-family duplex with 8 bedrooms and 3 baths, plus off-street driveway parking.
Where is this duplex located?
The property is located at 185 Powder House Blvd Somerville, MA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Two‑family duplex built in 1910 with 8 bedrooms and 3 baths total.; First‑floor unit is leased for $3,900/month, providing rental income immediately.; Second‑floor unit offers 5 bedrooms and 2 full baths for flexible living or rental use.
