Renovated Duplex with
For Sale
$2,200,000
30 Everett Avenue, Somerville, MA 02145
Renovated two-family property with finished basement space, private parking, and a two-car garage.
Property Size4,588 SF
Price / SF$479.51
Days on Market28
Property Features for 30 Everett Avenue
General Information
Standard status
Active
Size
4,588 SF
Total Parking Spaces
7
Property subtype
Multi-family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1890
Year Renovated
2006
Buildings
1
Listing Agency:
J. Barrett & Company
Listed By:
Victor Cabral
(617) 767-9180
Source:
Jbarrettrealty
Added: Sep 4
Changed: Sep 30
Last Checked: Oct 1 at 11:26AM
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 J. Barrett & Company
Investment Insights
Based on property information with market context.
This duplex comprises 4,588 square feet of living space across two residential units, with 8 bedrooms and 4.5 baths. A gut renovation completed in 2006 added Brazilian cherry flooring, high ceilings, oversized bedrooms, generous storage, and abundant natural light. The chef’s kitchen includes granite countertops, while the basement provides additional finished flex space.
The property includes a two-car garage and a driveway with capacity for 5 additional vehicles. Its East Somerville setting offers walkable access to the Green Line, Orange Line, Assembly Row, restaurants, shopping, and grocery stores. The property also presents a stated possibility for conversion to a three-family configuration with a detached backyard cottage in the location of the existing garage.
The property includes a two-car garage and a driveway with capacity for 5 additional vehicles. Its East Somerville setting offers walkable access to the Green Line, Orange Line, Assembly Row, restaurants, shopping, and grocery stores. The property also presents a stated possibility for conversion to a three-family configuration with a detached backyard cottage in the location of the existing garage.
Key Highlights
- 4,588 SF duplex with 8 bedrooms and 4.5 baths
- Gut renovation completed in 2006
- Brazilian cherry floors, high ceilings, and finished basement flex space
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
$97,084
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
4.41%
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%
$1,941,680
$1.9M
Cap Rate 7%
$1,386,914
$1.4M
Cap Rate 9%
$1,078,711
$1.1M
Market Conditions
NOI Build-Up for 4,588 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
$145.9K $31.80/SF
− Vacancy
−$7.2K −$1.57/SF
EGI
$138.7K $30.23/SF
− OpEx
−$41.6K −$9.07/SF
NOI
$97.1K $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%
$1,941,680
Cap Rate 7%
$1,386,914
Cap Rate 9%
$1,078,711
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.21M – $1.62M
NOI $97,084 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $91,286 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,126 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-family property with finished basement space, private parking, and a two-car garage.
Where is this duplex located?
The property is located at 30 Everett Avenue Somerville, MA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 4,588 SF duplex with 8 bedrooms and 4.5 baths; Gut renovation completed in 2006; Brazilian cherry floors, high ceilings, and finished basement flex space
