Two-Family Residential Income
For Sale
$1,560,000
Pending
39 Whitman Street, Somerville, MA 02144
Two-unit Somerville residence with multi-level second unit, dedicated office/study, and in-unit laundry.
Property Size3,025 SF
Days on Market89
Property Features for 39 Whitman Street
General Information
Standard status
Pending
Size
3,025 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Century 21 North East
(781) 231-2236
Listed By:
Leonard Ferrari Jr. · License #9571217
Source:
Hometown-team
Added: May 8
Changed: Jul 21
Last Checked: Jul 21 at 1:28AM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This two-family home offers a spacious first-floor unit and a multi-level second-floor unit. The first floor includes a charming foyer, sun-filled living and dining rooms, a full bath, and an eat-in kitchen with breakfast seating. The second unit features four bedrooms, a living room, dining room, an eat-in kitchen, and a dedicated office or study with built-in tabletops that overlooks the porch. Laundry is located within each unit in a closet, and original hardwood floors and natural woodwork run throughout the home.
The property is set in a desirable Somerville neighborhood between Tufts University and Powder House Square, with Davis Square a few blocks away. It is also described as convenient to the Red Line and Green Line, along with nearby restaurants, shops, and parks.
Outside, the home includes a newer backyard patio suited for outdoor gatherings.
The property is set in a desirable Somerville neighborhood between Tufts University and Powder House Square, with Davis Square a few blocks away. It is also described as convenient to the Red Line and Green Line, along with nearby restaurants, shops, and parks.
Outside, the home includes a newer backyard patio suited for outdoor gatherings.
Key Highlights
- Two‑family Somerville home built in 1900.
- First‑floor unit includes a foyer, sun‑filled living and dining rooms, full bath, and eat‑in kitchen with granite countertops.
- Second‑floor unit features four bedrooms plus living and dining rooms and an eat‑in kitchen.
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 | $96.2k | $31.80 |
| − Vacancy | −$4.8k | −$1.57 |
| EGI | $91.4k | $30.23 |
| − OpEx | −$27.4k | −$9.07 |
| NOI | $64.0k | $21.16 |
3,025 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$914.4K
$800.1K – $1.07M
NOI $64,010 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$859.8K
$752.3K – $1.00M
NOI $60,187 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,355 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,433
Businesses Nearby
Explore this area
Business Placement
Demographics for 02144, MA
25,497
Population
11,881
Households
2.1
Avg Household Size
31
Median Age
75%
College-Educated
96%
High-School Grad
1.1 sq mi
ZIP Area
23,179
Density / Sq Mi
$140,591
Median Household Income
$74,639
Median Earnings
$2,654
Median Rent
$987,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit Somerville residence with multi-level second unit, dedicated office/study, and in-unit laundry.
Where is this duplex located?
The property is located at 39 Whitman Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,560,000.
What are key features of this property?
This property features: Two‑family Somerville home built in 1900.; First‑floor unit includes a foyer, sun‑filled living and dining rooms, full bath, and eat‑in kitchen with granite countertops.; Second‑floor unit features four bedrooms plus living and dining rooms and an eat‑in kitchen.
