Two-Family Residential Income
213 Cedar Street Somerville, MA 02145
213 Cedar Street, Somerville, MA, 02145
$1,299,000
For Sale
$1,299,000
Two well-maintained units with private roof deck, spacious backyard, off-street parking, and separate utilities.
Property Size2,676 SF
Price / SF$485.43
Days on Market99
Property Features for 213 Cedar Street
General Information
- Standard status
- Active
- Size
- 2,676 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1858
Listing agency
Coldwell Banker Realty - Boston
Listed by
Gabrielle Russo
(617) 680-0690
Source
Inrealtyinc
Added: Apr 14 Updated: Jul 21 at 1:46PM Checked: Jul 21 at 1:46PM
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
Investment Insights
Based on property information with market context.
This two-family property at 213 Cedar Street offers two spacious, well-maintained units with practical, separate living setups. Unit 2 features four bedrooms, two full baths, comfortable living and dining space, a kitchen, and a private vinyl roof deck. Unit 1 is an oversized one-bedroom with potential for a second bedroom, plus a mudroom that leads to an expansive backyard. Unit 1 also includes granite countertops and a copper backsplash, along with central air.
Additional improvements and shared convenience features include abundant natural light, updated hot water tanks, and a clean basement with shared laundry and storage. The basement includes separate utilities and exterior access, and there is a recently added full bath that supports outdoor entertaining. A large backyard and valuable off-street parking complete the offering. The property is described as well-positioned between Spring Hill and Porter, Davis, and Ball Squares in one of Somerville’s vibrant neighborhoods.
Additional improvements and shared convenience features include abundant natural light, updated hot water tanks, and a clean basement with shared laundry and storage. The basement includes separate utilities and exterior access, and there is a recently added full bath that supports outdoor entertaining. A large backyard and valuable off-street parking complete the offering. The property is described as well-positioned between Spring Hill and Porter, Davis, and Ball Squares in one of Somerville’s vibrant neighborhoods.
Key Highlights
- Two‑family built in 1858 with two well‑maintained units plus a clean basement with shared laundry and storage
- Unit 2: 4 bedrooms and 2 full baths with private vinyl roof deck, plus living, dining, and kitchen areas
- Unit 1: oversized 1‑bedroom with potential for a second bedroom, mudroom to the expansive backyard, granite countertops, and copper backsplash
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 | $85.1k | $31.80 |
| − Vacancy | −$4.2k | −$1.57 |
| EGI | $80.9k | $30.23 |
| − OpEx | −$24.3k | −$9.07 |
| NOI | $56.6k | $21.16 |
2,676 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
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 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 well-maintained units with private roof deck, spacious backyard, off-street parking, and separate utilities.
Where is this duplex located?
The property is located at 213 Cedar Street 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: Two‑family built in 1858 with two well‑maintained units plus a clean basement with shared laundry and storage; Unit 2: 4 bedrooms and 2 full baths with private vinyl roof deck, plus living, dining, and kitchen areas; Unit 1: oversized 1‑bedroom with potential for a second bedroom, mudroom to the expansive backyard, granite countertops, and copper backsplash
