2-Unit Duplex with
For Sale
$1,050,000
39 Derby St, Somerville, MA 02145
Two distinct residences offer a six-bedroom layout and outdoor patio space.
Property Size3,426 SF
Price / SF$306.48
Days on Market130
Property Features for 39 Derby St
General Information
Standard status
Active
Size
3,426 SF
Total Parking Spaces
7
Property subtype
2 Family - 2 Units Up/Down
Property Condition
Severity
Repairs Needed
Evidence
ready for cosmetic updates
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,266
Amenities
patios
laundry in basement
Building Details
Building Size
3,426 SF
Year Built
1920
Buildings
1
Listing Agency:
Keller Williams Realty Boston Northwest
Listed By:
Preeti Walhekar
(781) 496-9227
Source:
Mgsgrouprealestate
Added: Jun 4
Changed: Oct 10
Last Checked: Oct 11 at 1:09PM
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.
Built in 1920, this two-family property has a two-bedroom first-floor residence and a four-bedroom unit upstairs. Each residence includes a kitchen and bathroom. The building also features a basement with laundry, two patios, and private parking for 6-7 cars. Mechanical systems include two gas water heaters, two oil furnaces with forced hot air, and separate 100-amp electric meters.
The property is near I-93, the Green and Orange lines, Foss Park, Sullivan T station, Gilman Square, and Assembly Row. Cosmetic updating is needed, with the existing two-unit layout and outdoor spaces in place.
The property is near I-93, the Green and Orange lines, Foss Park, Sullivan T station, Gilman Square, and Assembly Row. Cosmetic updating is needed, with the existing two-unit layout and outdoor spaces in place.
Key Highlights
- Two residences: 2 bedrooms on the first floor and 4 bedrooms upstairs
- Private parking for 6‑7 cars
- Two patios and a basement with laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,495
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,449,900
$1.4M
Cap Rate 7%
$1,035,643
$1.0M
Cap Rate 9%
$805,500
$805.5K
Market Conditions
NOI Build-Up for 3,426 SF
Gross rent
$108.9K $31.80/SF
− Vacancy
−$5.4K −$1.57/SF
EGI
$103.6K $30.23/SF
− OpEx
−$31.1K −$9.07/SF
NOI
$72.5K $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%
$1,449,900
Cap Rate 7%
$1,035,643
Cap Rate 9%
$805,500
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$906.2K – $1.21M
NOI $72,495 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$973.8K
$852.1K – $1.14M
NOI $68,166 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$2.03M
$1.77M – $2.37M
NOI $141,973 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,586
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences offer a six-bedroom layout and outdoor patio space.
Where is this duplex located?
The property is located at 39 Derby St Somerville, MA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two residences: 2 bedrooms on the first floor and 4 bedrooms upstairs; Private parking for 6‑7 cars; Two patios and a basement with laundry
