Updated Two-Family
31 Adrian Street, Somerville, MA 02143
For Sale
New
$1,499,000
A leased first-floor residence pairs with a vacant upper-level home featuring a private deck.
Property Size2,394 SF
Price / SF$626.15
Days on Market7
Property Features for 31 Adrian Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer and dryer
private composite deck
paver patio
shared backyard
Hardwood
1
3
No
6
Public Record
Bathroom With Tub & Shower,Living Room,Kitchen
2394
Fenced/Enclosed,Fenced
Public
0.06
Balcony/Deck
Stone,Brick/Mortar
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
Kozak Rittmann LLC
Listed By:
Thayanne Kozak
Source:
Popularproperties
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 13 at 10:37AM
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 Kozak Rittmann LLC
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Investment Insights
Based on property information with market context.
At 31 Adrian Street, this 2,394-square-foot, two-unit property has a two-bedroom, one-bath first-floor residence and a four-bedroom, one-and-a-half-bath duplex across the second and third floors. The upper home also includes a bonus room. Both residences have refreshed kitchens and bathrooms, hardwood floors, and in-unit laundry. The 2023 work included new windows; two gas heating systems serve three zones. Outdoor features include private composite decks, a fenced shared yard, a paver patio, and evergreen landscaping. The basement has been waterproofed. Built in 1900, the property sits on 0.06 acres and is zoned NR.
The first-floor unit is leased through June 2027, while the upper residence is vacant. Union Square, its Green Line station, Bow Market, and Lincoln Park are identified nearby. The property also offers access to Harvard, MIT, Tufts, Kendall Square, Assembly Row, and downtown Boston.
The first-floor unit is leased through June 2027, while the upper residence is vacant. Union Square, its Green Line station, Bow Market, and Lincoln Park are identified nearby. The property also offers access to Harvard, MIT, Tufts, Kendall Square, Assembly Row, and downtown Boston.
Key Highlights
- 2,394‑square‑foot two‑family property on a 0.06‑acre lot
- First‑floor unit: 2 bedrooms and 1 bathroom; lease runs through June 2027
- Upper duplex: 4 bedrooms, 1.5 bathrooms, bonus room, and vacancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,658
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,013,160
$1.0M
Cap Rate 7%
$723,686
$723.7K
Cap Rate 9%
$562,867
$562.9K
Market Conditions
NOI Build-Up for 2,394 SF
Gross rent
$76.1K $31.80/SF
− Vacancy
−$3.8K −$1.57/SF
EGI
$72.4K $30.23/SF
− OpEx
−$21.7K −$9.07/SF
NOI
$50.7K $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%
$1,013,160
Cap Rate 7%
$723,686
Cap Rate 9%
$562,867
Alternative Uses
Best Use
Multifamily LT 5
$723.7K
$633.2K – $844.3K
NOI $50,658 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$680.5K
$595.4K – $793.9K
NOI $47,633 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,207 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,736
Businesses Nearby
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Business Placement
Demographics for 02143, MA
26,022
Population
12,901
Households
2
Avg Household Size
33
Median Age
74%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
17,348
Density / Sq Mi
$126,102
Median Household Income
$73,055
Median Earnings
$2,424
Median Rent
$930,200
Median Home Value
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Market
Average Price Trend$/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 - A leased first-floor residence pairs with a vacant upper-level home featuring a private deck.
Where is this duplex located?
The property is located at 31 Adrian Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 2,394‑square‑foot two‑family property on a 0.06‑acre lot; First‑floor unit: 2 bedrooms and 1 bathroom; lease runs through June 2027; Upper duplex: 4 bedrooms, 1.5 bathrooms, bonus room, and vacancy
