Two-Family Duplex with
For Sale
$1,050,000
39 Derby St, Somerville, MA 02145
Residential Income, Somerville, MA
Property Size3,426 SF
Lot Size0.09 Acres
Price / SF$306.48
Days on Market124
Property Features for 39 Derby St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
NR
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 6
Parking
8
Directions
Please follow GPS
Standard status
Active
APN
757533
Size
3,426 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10266
Amenities
patios
laundry in basement
Building Details
Year built
1920
Floors in Building
4
Number of units
2
Listing Agency:
Keller Williams Realty Boston Northwest
(781) 862-2800
Listed By:
Christina Hill
(978) 369-5775
Added: Jun 4
Changed: Oct 2
Last Checked: Oct 5 at 7:06PM
MLS# 73529871
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,426-square-foot duplex dates to 1920 and contains two apartments with six bedrooms in total. The upper unit has four bedrooms, a kitchen, and a bathroom; the lower unit includes two bedrooms, a kitchen, and a bathroom. The property needs cosmetic work and offers a basement with laundry, two patios, and private parking for 6-7 cars. Two gas water heaters, two oil furnaces with forced-air heat, and separate 100-amp electric meters serve the building. The lot measures 0.0861 acres, and zoning is NR.
The Somerville property is near I-93, the Green and Orange lines, Sullivan T station, Foss Park, Gilman Square, and Assembly Row.
The Somerville property is near I-93, the Green and Orange lines, Sullivan T station, Foss Park, Gilman Square, and Assembly Row.
Key Highlights
- Two apartments with six bedrooms: four upstairs and two on the first floor
- 3,426 square feet on a 0.0861‑acre lot; built in 1920
- Two patios and private parking for 6‑7 cars
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 separate electric meters and basement laundry support the property’s two-unit configuration.
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 apartments with six bedrooms: four upstairs and two on the first floor; 3,426 square feet on a 0.0861‑acre lot; built in 1920; Two patios and private parking for 6‑7 cars
