Two-Family Residential Income
For Sale
$1,299,999
32 Rush St, Somerville, MA 02145
Expansive two-unit home with paved parking, mostly finished basement, and multi-level living configurations.
Property Size3,855 SF
Price / SF$337.22
Days on Market171
Property Features for 32 Rush St
General Information
Standard status
Active
Size
3,855 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
RB
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,028
Building Details
Building Size
3,855 SF
Year Built
1900
Stories
4
Listing Agency:
Redfin Corp.
(617) 340-7803
Listed By:
Kyle MacNichol
(978) 500-7273
Source:
Churchillprop
Added: May 5
Changed: Oct 6
Last Checked: Oct 20 at 5:55PM
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 Redfin Corp.
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,573
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,631,460
$1.6M
Cap Rate 7%
$1,165,329
$1.2M
Cap Rate 9%
$906,367
$906.4K
Market Conditions
NOI Build-Up for 3,855 SF
Gross rent
$122.6K $31.80/SF
− Vacancy
−$6.1K −$1.57/SF
EGI
$116.5K $30.23/SF
− OpEx
−$35.0K −$9.07/SF
NOI
$81.6K $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%
$1,631,460
Cap Rate 7%
$1,165,329
Cap Rate 9%
$906,367
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,573 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$1.10M
$958.8K – $1.28M
NOI $76,701 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,750 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,293
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 $1,299,999.
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.
