Two-Family Residential Income
32 Rush St Somerville, MA 02145
32 Rush St, Somerville, MA, 02145
$1,375,000
For Sale
$1,375,000
Expansive two-unit home with paved parking, mostly finished basement, and multi-level living configurations.
Property Size3,855 SF
Price / SF$356.68
Days on Market80
Property Features for 32 Rush St
General Information
- Standard status
- Active
- Size
- 3,855 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
Karen M. Overtoom R.E.
(978) 578-5013
Listed by
Chris Bernier
(978) 578-5013
Source
Churchillprop
Added: May 5 Updated: Jul 22 at 3:19PM Checked: Jul 22 at 3:19PM
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 Karen M. Overtoom R.E.
Investment Insights
Based on property information with market context.
This expansive two-family residence is configured as two separate units with additional flexible space in the basement. The first-floor unit includes a formal living and dining room and three bedrooms. The second unit spans two levels and features a large living room, a generous kitchen, four bedrooms, and a bonus room on the second level that could be converted into an additional bedroom. A mostly finished basement provides further flexibility, including a kitchenette area that could potentially be upgraded for use as a third unit, though the property may require some cosmetic updates.
The home offers paved parking and a spacious backyard. Public remarks indicate easy access to I-93, local shops, and Assembly Square.
Overall, the layout supports a conventional two-family setup with meaningful additional space that can be tailored within the existing footprint.
The home offers paved parking and a spacious backyard. Public remarks indicate easy access to I-93, local shops, and Assembly Square.
Overall, the layout supports a conventional two-family setup with meaningful additional space that can be tailored within the existing footprint.
Key Highlights
- Two‑family home built in 1900 with paved parking and a spacious backyard.
- First‑floor unit features a formal living and dining room and three bedrooms.
- Second unit spans two levels with a large living room, generous kitchen, and four bedrooms.
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 | $122.6k | $31.80 |
| − Vacancy | −$6.1k | −$1.57 |
| EGI | $116.5k | $30.23 |
| − OpEx | −$35.0k | −$9.07 |
| NOI | $81.6k | $21.16 |
3,855 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,573 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$1.10M
$958.8K – $1.28M
NOI $76,701 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,750 @ 7.0% cap · market cap 11.62%
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 - Expansive two-unit home with paved parking, mostly finished basement, and multi-level living configurations.
Where is this duplex located?
The property is located at 32 Rush St Somerville, MA.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Two‑family home built in 1900 with paved parking and a spacious backyard.; First‑floor unit features a formal living and dining room and three bedrooms.; Second unit spans two levels with a large living room, generous kitchen, and four bedrooms.
