Updated Duplex with Classic
For Sale
$1,575,000
19 Crocker Street, Somerville, MA 02143
Two apartments combine refreshed kitchens and baths with private laundry, outdoor areas, and shared basement and driveway access.
Property Size3,003 SF
Price / SF$524.48
Days on Market93
Property Features for 19 Crocker Street
General Information
Standard status
Active
Size
3,003 SF
Total Parking Spaces
2
Property subtype
Multi-family / 2 Family
Zoning
RES
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,551
Amenities
in-unit laundry
back deck
fenced yard
No
Wood, Tile
2.0
Insulated Windows
Electric Dryer Hookup, Washer Hookup
Full, Unfinished Basement
2
2.00
Fenced
Frame
Shingle
Easements, Gentle Sloping
Garden, Fenced Yard, Garden Area, Porch, Deck
Porch, Deck
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Compass
(781) 915-7267
Listed By:
MonaLisa Team · License #9520456
(781) 915-7267
Source:
Compass
Added: May 30
Changed: Aug 29
Last Checked: Aug 29 at 7:36PM
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 Compass
Investment Insights
Based on property information with market context.
This two-family residence contains 3,003 square feet across two apartments, with original character from 1900 alongside updated interiors. Both units include kitchens with stone counters, subway-tile backsplashes, shaker cabinets, Samsung stainless appliances, and five-burner gas ranges. Each apartment also has an updated bathroom and in-unit laundry.
The first apartment features an open living area, bay-windowed living room, breakfast-bar seating, and a third bedroom. The second spans two levels and includes an eat-in kitchen, original built-in hutch, and three bedrooms on the upper floor. Shared property features include a full unfinished basement, driveway, back deck, fenced yard, porch, and garden areas. The property is zoned RES and is near Magoun, Porter, and Davis Squares, with access to Green and Red Line MBTA stops.
The first apartment features an open living area, bay-windowed living room, breakfast-bar seating, and a third bedroom. The second spans two levels and includes an eat-in kitchen, original built-in hutch, and three bedrooms on the upper floor. Shared property features include a full unfinished basement, driveway, back deck, fenced yard, porch, and garden areas. The property is zoned RES and is near Magoun, Porter, and Davis Squares, with access to Green and Red Line MBTA stops.
Key Highlights
- Two‑family property with 3,003 SF and 2 apartments
- Built in 1900 with stained glass, wood floors, high ceilings, and crown molding
- Both kitchens include stone countertops, subway tile, shaker cabinetry, and Samsung stainless appliances
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
$63,545
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
4.03%
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%
$1,270,900
$1.3M
Cap Rate 7%
$907,786
$907.8K
Cap Rate 9%
$706,056
$706.1K
Market Conditions
NOI Build-Up for 3,003 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
$95.5K $31.80/SF
− Vacancy
−$4.7K −$1.57/SF
EGI
$90.8K $30.23/SF
− OpEx
−$27.2K −$9.07/SF
NOI
$63.5K $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 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%
$1,270,900
Cap Rate 7%
$907,786
Cap Rate 9%
$706,056
Alternative Uses
Best Use
Multifamily LT 5
$907.8K
$794.3K – $1.06M
NOI $63,545 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$853.6K
$746.9K – $995.8K
NOI $59,750 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$1.78M
$1.56M – $2.07M
NOI $124,444 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,753
Businesses Nearby
Explore this area
Business Placement
Demographics for 02143, MA
26,022
Population
12,901
Households
2
Avg Household Size
33
Median Age
74%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
17,348
Density / Sq Mi
$126,102
Median Household Income
$73,055
Median Earnings
$2,424
Median Rent
$930,200
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 - Two apartments combine refreshed kitchens and baths with private laundry, outdoor areas, and shared basement and driveway access.
Where is this duplex located?
The property is located at 19 Crocker Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Two‑family property with 3,003 SF and 2 apartments; Built in 1900 with stained glass, wood floors, high ceilings, and crown molding; Both kitchens include stone countertops, subway tile, shaker cabinetry, and Samsung stainless appliances
