Two-Unit Duplex with Roof
For Sale
$1,299,000
213 Cedar St, Somerville, MA 02145
Two residences offer separate utilities, shared laundry, off-street parking, and a fenced backyard in Somerville.
Property Size2,676 SF
Price / SF$485.43
Days on Market192
Property Features for 213 Cedar St
General Information
Standard status
Active
Size
2,676 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Zoning
RB
Units
Unit Mix
1 x 1BR, 1 x 4BR/2BA
Multifamily Units
2
Amenities
shared laundry
storage
exterior access
recently added full bath
private vinyl roof deck
granite countertops
copper backsplash
updated hot water tanks
central air
large backyard
off-street parking
Central Air, Window Unit(s)
Forced Air, Electric, Steam, Natural Gas
Electric Dryer Hookup
Tile, Vinyl, Carpet, Hardwood
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Laundry Room, Living Room, Dining Room, Kitchen, Mudroom, Loft
Fenced
No
Shingle
Rain Gutters, Garden
Public Transportation, Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University
for Gas Range, for Electric Dryer
5
Building Details
Building Size
2,676 SF
Year Built
1858
Stories
3
Listing Agency:
Coldwell Banker Realty - Boston
Listed By:
Gabrielle Russo · License #9567073
(617) 266-4430
Source:
Reishomesearch
Added: Apr 14
Changed: Aug 30
Last Checked: Apr 22 at 10:58AM
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 Coldwell Banker Realty - Boston
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1858, this two-family duplex contains 2,676 square feet across two residential units. The larger residence includes four bedrooms, two full bathrooms, living and dining areas, a kitchen, and a private vinyl roof deck. The second unit is an oversized one-bedroom with a mudroom, granite countertops, copper backsplash, and potential for a second bedroom. Central air serves Unit 1, while the property also includes forced-air, electric, steam, and natural gas systems, along with updated hot water tanks.
The basement provides shared laundry, storage, separate utilities, exterior access, and an additional full bathroom. Exterior features include a fenced yard, rain gutters, a garden, and off-street parking. The property is located at 213 Cedar St in Somerville, near public transportation, a T-Station, parks, schools, a university, medical facilities, bike paths, walking trails, and highway access.
The basement provides shared laundry, storage, separate utilities, exterior access, and an additional full bathroom. Exterior features include a fenced yard, rain gutters, a garden, and off-street parking. The property is located at 213 Cedar St in Somerville, near public transportation, a T-Station, parks, schools, a university, medical facilities, bike paths, walking trails, and highway access.
Key Highlights
- 2,676‑square‑foot two‑family duplex built in 1858
- Unit 2 has four bedrooms, two full bathrooms, and a private vinyl roof deck
- Unit 1 includes an oversized one‑bedroom layout with potential for a second bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,625
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,132,500
$1.1M
Cap Rate 7%
$808,929
$808.9K
Cap Rate 9%
$629,167
$629.2K
Market Conditions
NOI Build-Up for 2,676 SF
Gross rent
$85.1K $31.80/SF
− Vacancy
−$4.2K −$1.57/SF
EGI
$80.9K $30.23/SF
− OpEx
−$24.3K −$9.07/SF
NOI
$56.6K $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%
$1,132,500
Cap Rate 7%
$808,929
Cap Rate 9%
$629,167
Alternative Uses
Best Use
Multifamily LT 5
$808.9K
$707.8K – $943.8K
NOI $56,625 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$760.6K
$665.5K – $887.4K
NOI $53,243 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,893 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,097
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer separate utilities, shared laundry, off-street parking, and a fenced backyard in Somerville.
Where is this duplex located?
The property is located at 213 Cedar St Somerville, MA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 2,676‑square‑foot two‑family duplex built in 1858; Unit 2 has four bedrooms, two full bathrooms, and a private vinyl roof deck; Unit 1 includes an oversized one‑bedroom layout with potential for a second bedroom
