Duplex with Roof
234 Pearl Street, Somerville, MA 02145
For Sale
New
$970,000
MR4 zoning, off-street parking, and multiple outdoor areas support the property’s two-family configuration.
Property Size1,932 SF
Days on Market2
Property Features for 234 Pearl Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private patio
front yard
roof deck
coin-operated washer
dryer
bonus bathroom
Building Details
Building Size
Year Built
Listing Agency:
Berkshire Hathaway HomeServices Commonwealth Real Estate
Listed By:
Salvatore Brett Sillari
(978) 505-7634
Source:
Classifiedrealtygroup
Added: Nov 6
Last Checked: Nov 6 at 2:46PM
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 Berkshire Hathaway HomeServices Commonwealth Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1905, this MR4-zoned duplex contains two units with hardwood floors and kitchens. Both units have access to off-street parking. Outdoor features include a roof deck, a private patio shaded by grapevines, and a front yard with gardening space. Laundry equipment includes a coin-operated washer and a non-coin-operated dryer; the basement also has an additional bathroom. Unit 2 has a newer hot water tank, while the age of the tank in Unit 1 is unknown.
The property is in Somerville’s Gilman Square area, near the Green Line and neighborhood amenities, with Lower Broadway nearby.
The property is in Somerville’s Gilman Square area, near the Green Line and neighborhood amenities, with Lower Broadway nearby.
Key Highlights
- Two‑family property zoned MR4
- Built in 1905
- Hardwood floors and kitchens in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,882
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,640
$817.6K
Cap Rate 7%
$584,029
$584.0K
Cap Rate 9%
$454,244
$454.2K
Market Conditions
NOI Build-Up for 1,932 SF
Gross rent
$61.4K $31.80/SF
− Vacancy
−$3.0K −$1.57/SF
EGI
$58.4K $30.23/SF
− OpEx
−$17.5K −$9.07/SF
NOI
$40.9K $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%
$817,640
Cap Rate 7%
$584,029
Cap Rate 9%
$454,244
Alternative Uses
Best Use
Multifamily LT 5
$584.0K
$511.0K – $681.4K
NOI $40,882 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$549.1K
$480.5K – $640.7K
NOI $38,440 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,062 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,311
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
$784,900
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Somerville, MA
Properties on Market for Duplexes in Somerville
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - MR4 zoning, off-street parking, and multiple outdoor areas support the property’s two-family configuration.
Where is this duplex located?
The property is located at 234 Pearl Street Somerville, MA.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: Two‑family property zoned MR4; Built in 1905; Hardwood floors and kitchens in both units
