Turnkey Two-Family
37-39 Puritan Road Somerville, MA 02145
37-39 Puritan Road, Somerville, MA, 02145
$1,299,000
For Sale
$1,299,000
Move-in ready two-family property with two 2BR/1BA units, updated kitchens and baths, and a 2-car garage.
Property Size2,773 SF
Price / SF$468.45
Days on Market43
Property Features for 37-39 Puritan Road
General Information
- Standard status
- Active
- Size
- 2,773 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1900
Listing agency
Coldwell Banker Realty - Cambridge
(617) 849-2483
Listed by
Lisa Natale
(617) 849-2483
Source
Lockandkeyre
Added: Jun 10 Updated: Jul 22 at 3:31AM Checked: Jul 22 at 3:31AM
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 Coldwell Banker Realty - Cambridge
Investment Insights
Based on property information with market context.
Well-maintained, turnkey two-family residence in a residential setting, offering two sun-filled 2BR/1BA units. Both units feature open floor plans, fireplaces, wainscoting, updated kitchens and baths, and breezy porches.
The upper unit is more expansive and includes a sunroom/office, along with a large walk-up attic. The lower level includes a suite with a wet bar, bath, and a separate entry, suited for guests or an office arrangement.
The property has a 2-car garage with additional driveway parking for up to three vehicles, for approximately five total off-street spaces, plus a private, sunny yard. Major systems have been updated, including the roof, electrical, plumbing, heating, and French drain, and the property is delivered vacant and move-in ready.
The upper unit is more expansive and includes a sunroom/office, along with a large walk-up attic. The lower level includes a suite with a wet bar, bath, and a separate entry, suited for guests or an office arrangement.
The property has a 2-car garage with additional driveway parking for up to three vehicles, for approximately five total off-street spaces, plus a private, sunny yard. Major systems have been updated, including the roof, electrical, plumbing, heating, and French drain, and the property is delivered vacant and move-in ready.
Key Highlights
- Turnkey 2‑family home built in 1900 with two 2BR/1BA units
- Both units feature updated kitchens and baths, open floor plans, and fireplaces
- Upper unit includes sunroom/office, plus a large walk‑up attic with Boston skyline views
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 | $88.2k | $31.80 |
| − Vacancy | −$4.4k | −$1.57 |
| EGI | $83.8k | $30.23 |
| − OpEx | −$25.1k | −$9.07 |
| NOI | $58.7k | $21.16 |
2,773 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$838.3K
$733.5K – $978.0K
NOI $58,678 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$788.2K
$689.7K – $919.6K
NOI $55,173 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $114,912 @ 7.0% cap · market cap 8.85%
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 - Move-in ready two-family property with two 2BR/1BA units, updated kitchens and baths, and a 2-car garage.
Where is this duplex located?
The property is located at 37-39 Puritan Road Somerville, MA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Turnkey 2‑family home built in 1900 with two 2BR/1BA units; Both units feature updated kitchens and baths, open floor plans, and fireplaces; Upper unit includes sunroom/office, plus a large walk‑up attic with Boston skyline views
