Duplex With Owned Solar
For Sale
$1,249,000
35 Franklin Avenue, Somerville, MA 02145
Two-unit property with off-street parking, enclosed outdoor space, and convenient access to public transportation.
Property Size2,148 SF
Price / SF$581.47
Days on Market69
Property Features for 35 Franklin Avenue
General Information
Standard status
Active
Size
2,148 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Amenities
solar panels
fully enclosed backyard
Building Details
Year Built
1890
Listing Agency:
Keller Williams Realty Boston Northwest
Listed By:
Paul B. Campano · License #449530992
(617) 497-8900
Source:
Benoitrealestate
Added: Aug 4
Changed: Oct 11
Last Checked: Oct 11 at 9:17AM
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 duplex includes two residential units, with the upper unit currently serving as the owner’s residence. The interiors have received updates over time, and the property includes off-street parking, owned solar panels, and a fully enclosed backyard measuring 1350sqft+.
Situated at 35 Franklin Ave in Somerville, the home occupies a side-street setting with access to public transportation near both the Orange and Green lines. Highway access is also available. WalkScore and bikeScore are each 84, while transitScore is 67.
Situated at 35 Franklin Ave in Somerville, the home occupies a side-street setting with access to public transportation near both the Orange and Green lines. Highway access is also available. WalkScore and bikeScore are each 84, while transitScore is 67.
Key Highlights
- Two‑unit duplex with the upper unit currently used as the owner’s residence
- Owned solar panels installed on the roof
- Fully enclosed 1350sqft+ backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,452
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,040
$909.0K
Cap Rate 7%
$649,314
$649.3K
Cap Rate 9%
$505,022
$505.0K
Market Conditions
NOI Build-Up for 2,148 SF
Gross rent
$68.3K $31.80/SF
− Vacancy
−$3.4K −$1.57/SF
EGI
$64.9K $30.23/SF
− OpEx
−$19.5K −$9.07/SF
NOI
$45.5K $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%
$909,040
Cap Rate 7%
$649,314
Cap Rate 9%
$505,022
Alternative Uses
Best Use
Multifamily LT 5
$649.3K
$568.2K – $757.5K
NOI $45,452 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$610.5K
$534.2K – $712.3K
NOI $42,738 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,013 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,795
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with off-street parking, enclosed outdoor space, and convenient access to public transportation.
Where is this duplex located?
The property is located at 35 Franklin Avenue Somerville, MA.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Two‑unit duplex with the upper unit currently used as the owner’s residence; Owned solar panels installed on the roof; Fully enclosed 1350sqft+ backyard
