Two-Family Residential Income
29-31 Victoria Street Somerville, MA 02144
29-31 Victoria Street, Somerville, MA, 02144
$1,350,000
For Sale
$1,350,000
Well-maintained two-unit home with 2-bedroom and 4-bedroom layouts, in-unit laundry, and a private partially fenced yard.
Property Size3,136 SF
Price / SF$430.48
Days on Market11
Property Features for 29-31 Victoria Street
General Information
- Standard status
- Active
- Size
- 3,136 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1930
Listing Agency
Keller Williams Realty Boston Northwest
Listed by
Ciampa Group
(781) 933-7200
Source
Jmulkerinrealty
Added: Jul 7 Checked: Jul 15 at 9:34 pm
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 Keller Williams Realty Boston Northwest
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers two separate residential units with spacious, naturally lit layouts. Unit 1 includes two bedrooms, one bathroom, a generous living room, and an eat-in kitchen. Unit 2 features four bedrooms, one bathroom, a spacious living area, and in-unit laundry. Fresh paint and refinished hardwood floors are noted throughout both units.
Outside, the property includes a private, partially fenced backyard and a driveway that accommodates up to two vehicles. Additional updates include both water heaters being less than one year old.
The configuration supports flexible use for an owner-occupant or an investor looking for a multi-unit residential income property with practical on-site outdoor space and off-street parking for up to two vehicles.
Outside, the property includes a private, partially fenced backyard and a driveway that accommodates up to two vehicles. Additional updates include both water heaters being less than one year old.
The configuration supports flexible use for an owner-occupant or an investor looking for a multi-unit residential income property with practical on-site outdoor space and off-street parking for up to two vehicles.
Key Highlights
- Two‑family home built in 1930, offering two distinct residential layouts.
- Unit 1: 2 bedrooms, 1 bathroom, generous living room, and eat‑in kitchen.
- Unit 2: 4 bedrooms, 1 bathroom, spacious living area, and in‑unit laundry.
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 | $99.7k | $31.80 |
| − Vacancy | −$4.9k | −$1.57 |
| EGI | $94.8k | $30.23 |
| − OpEx | −$28.4k | −$9.07 |
| NOI | $66.4k | $21.16 |
3,136 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$948.0K
$829.5K – $1.11M
NOI $66,359 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$891.4K
$780.0K – $1.04M
NOI $62,396 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$1.86M
$1.62M – $2.17M
NOI $129,955 @ 7.0% cap · market cap 9.63%
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 - Well-maintained two-unit home with 2-bedroom and 4-bedroom layouts, in-unit laundry, and a private partially fenced yard.
Where is this duplex located?
The property is located at 29-31 Victoria Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two‑family home built in 1930, offering two distinct residential layouts.; Unit 1: 2 bedrooms, 1 bathroom, generous living room, and eat‑in kitchen.; Unit 2: 4 bedrooms, 1 bathroom, spacious living area, and in‑unit laundry.
