Two-Family Duplex with
For Sale
$1,175,000
Pending
41-43 Trull St, Somerville, MA 02145
Two residential units offer separate utilities, hardwood flooring, and a fenced backyard in Somerville.
Property Size2,290 SF
Days on Market69
Property Features for 41-43 Trull St
General Information
Standard status
Pending
Size
2,290 SF
Total Parking Spaces
4
Property subtype
2 Family - 2 Units Up/Down
Units
Unit Mix
1 x 1BR, 1 x 4BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
hardwood floors
fenced backyard
separate utilities
Building Details
Building Size
2,290 SF
Year Built
1920
Construction
Philadelphia-style
Listing Agency:
IVerty Realty, LLC
(617) 249-4298
Listed By:
Pietro Coco · License #452508574
(617) 249-4298
Source:
Iverty
Added: Jun 25
Changed: Aug 31
Last Checked: Aug 31 at 3:40PM
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 IVerty Realty, LLC
Investment Insights
Based on property information with market context.
This 2,290-square-foot duplex contains two residential units and is offered in as-is condition for renovation. The lower residence includes one bedroom plus adaptable space that can serve as a home office or additional sleeping area. The upper residence occupies two levels and provides four bedrooms, a bonus room, and an additional half bath. Hardwood flooring, separate utilities, off-street parking, and a fenced backyard are included. The property was built in 1920.
The home is located near Magoun Square in Somerville, with shops, restaurants, parks, public transportation, and the Green Line Extension nearby. Its existing two-unit layout, parking capacity, and outdoor space provide a clear physical framework for renovation planning.
The home is located near Magoun Square in Somerville, with shops, restaurants, parks, public transportation, and the Green Line Extension nearby. Its existing two-unit layout, parking capacity, and outdoor space provide a clear physical framework for renovation planning.
Key Highlights
- 2,290‑square‑foot duplex with two residential units
- Lower unit has 1 bedroom plus flexible additional space
- Upper unit spans two levels with 4 bedrooms, a bonus room, and an additional half bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,457
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$969,140
$969.1K
Cap Rate 7%
$692,243
$692.2K
Cap Rate 9%
$538,411
$538.4K
Market Conditions
NOI Build-Up for 2,290 SF
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.
Gross rent
$72.8K $31.80/SF
− Vacancy
−$3.6K −$1.57/SF
EGI
$69.2K $30.23/SF
− OpEx
−$20.8K −$9.07/SF
NOI
$48.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$969,140
Cap Rate 7%
$692,243
Cap Rate 9%
$538,411
Alternative Uses
Best Use
Multifamily LT 5
$692.2K
$605.7K – $807.6K
NOI $48,457 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$650.9K
$569.5K – $759.4K
NOI $45,563 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $94,897 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,668
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
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 residential units offer separate utilities, hardwood flooring, and a fenced backyard in Somerville.
Where is this duplex located?
The property is located at 41-43 Trull St Somerville, MA.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 2,290‑square‑foot duplex with two residential units; Lower unit has 1 bedroom plus flexible additional space; Upper unit spans two levels with 4 bedrooms, a bonus room, and an additional half bath
