Two-Family with Double-Width
188 Willow Avenue Somerville, MA 02144
188 Willow Avenue, Somerville, MA, 02144
$1,595,000
For Sale
$1,595,000
Two-family layout with double-width driveway, private decks, porches, and an unfinished basement with laundry.
Property Size3,018 SF
Price / SF$528.50
Days on Market50
Property Features for 188 Willow Avenue
General Information
- Standard status
- Active
- Size
- 3,018 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1905
Listing agency
Thalia Tringo & Associates Real Estate, Inc.
(617) 616-5091
Listed by
Thalia C. Tringo · License #9517819
(617) 616-5091
Source
Compass
Added: Jun 3 Updated: Jul 21 at 4:45PM Checked: Jul 21 at 4:45PM
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 Thalia Tringo & Associates Real Estate, Inc.
Investment Insights
Based on property information with market context.
This Philly-style 2-family offers two distinct living arrangements. Unit 1 spans two levels with living and dining rooms, a kitchen with pantry, a bedroom and full bath on the first level, plus an additional bedroom on the second floor with direct access to a private deck. Unit 1 also features front and back porches, with access to the backyard. Unit 2 occupies the upper two floors, including a living room, dining room, kitchen and pantry, private front and back decks, and a full bath on the main level, along with four bedrooms on the top floor.
The property includes an unfinished basement with laundry facilities (1 washer and 2 dryers). The yard provides space for entertaining and play, and the double-width driveway accommodates 2–3 rows of cars parked side by side. Per the remarks, the home is nestled between Davis and Ball Squares, across from the Brown School, with walkability to multiple transit options including the Red Line and GLX, as well as commuter rail, bus lines, the bike/commuter path from Boston to Bedford, and nearby parks.
The property includes an unfinished basement with laundry facilities (1 washer and 2 dryers). The yard provides space for entertaining and play, and the double-width driveway accommodates 2–3 rows of cars parked side by side. Per the remarks, the home is nestled between Davis and Ball Squares, across from the Brown School, with walkability to multiple transit options including the Red Line and GLX, as well as commuter rail, bus lines, the bike/commuter path from Boston to Bedford, and nearby parks.
Key Highlights
- Philly‑style 2‑family built in 1905 with 2 full baths total
- Double‑width driveway fits 2–3 rows of cars parked side by side
- Unit 1 spans 2 levels with living room (used as a bdrm), dining room, kitchen, pantry, bdrm, full bath, plus a 2nd‑floor bdrm with direct deck access
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 | $96.0k | $31.80 |
| − Vacancy | −$4.7k | −$1.57 |
| EGI | $91.2k | $30.23 |
| − OpEx | −$27.4k | −$9.07 |
| NOI | $63.9k | $21.16 |
3,018 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$912.3K
$798.3K – $1.06M
NOI $63,862 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$857.8K
$750.6K – $1.00M
NOI $60,048 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$1.79M
$1.56M – $2.08M
NOI $125,065 @ 7.0% cap · market cap 7.84%
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 layout with double-width driveway, private decks, porches, and an unfinished basement with laundry.
Where is this duplex located?
The property is located at 188 Willow Avenue Somerville, MA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Philly‑style 2‑family built in 1905 with 2 full baths total; Double‑width driveway fits 2–3 rows of cars parked side by side; Unit 1 spans 2 levels with living room (used as a bdrm), dining room, kitchen, pantry, bdrm, full bath, plus a 2nd‑floor bdrm with direct deck access
