Somerville Two-Family
For Sale
$939,900
Pending
41 Bailey Rd, Somerville, MA 02145
Two-family home in Somerville near Assembly Row and Wellington Station.
Property Size3,059 SF
Lot Size0.09 Acres
Days on Market321
Property Features for 41 Bailey Rd
General Information
Standard status
Pending
Size
3,059 SF
Lot size
0.09 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$6,324
Building Details
Building Size
3,059 SF
Year Built
1931
Stories
3
Units
2
Listed By:
Mike Cohen · License #449520489
(617) 852-1160
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 3
Last Checked: Oct 12 at 9:33PM
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 Mike Cohen
Investment Insights
Based on property information with market context.
Located at the foot of the 10 Hills neighborhood in Somerville, 41 Bailey Road is a two-family home situated near the Mystic River Reservation, Assembly Row, Wellington Station, and Encore Casino, with access to Boston. The property features two units: one with five rooms and two bedrooms, and another with nine rooms, three-plus bedrooms, and two bathrooms. Both units include hardwood floors and enclosed back porches. The property also has a backyard and driveway parking. The home is move-in ready and will be delivered vacant.
Key Highlights
- Delivered Vacant: Move‑in ready for immediate occupancy or rental.
- Oversized 2‑Family: Offers potential for rental income or multi‑generational living.
- Prime Location: Close proximity to Mystic River Reservation, Assembly Row, Wellington Station, Encore Casino, and Boston.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,730
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,294,600
$1.3M
Cap Rate 7%
$924,714
$924.7K
Cap Rate 9%
$719,222
$719.2K
Market Conditions
NOI Build-Up for 3,059 SF
Gross rent
$97.3K $31.80/SF
− Vacancy
−$4.8K −$1.57/SF
EGI
$92.5K $30.23/SF
− OpEx
−$27.7K −$9.07/SF
NOI
$64.7K $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%
$1,294,600
Cap Rate 7%
$924,714
Cap Rate 9%
$719,222
Alternative Uses
Best Use
Multifamily LT 5
$924.7K
$809.1K – $1.08M
NOI $64,730 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$869.5K
$760.8K – $1.01M
NOI $60,864 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,764 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
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
Check the figures for this property
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-family home in Somerville near Assembly Row and Wellington Station.
Where is this duplex located?
The property is located at 41 Bailey Rd Somerville, MA.
What is the asking price?
The asking price for this property is $939,900.
What are key features of this property?
This property features: Delivered Vacant: Move‑in ready for immediate occupancy or rental.; Oversized 2‑Family: Offers potential for rental income or multi‑generational living.; Prime Location: Close proximity to Mystic River Reservation, Assembly Row, Wellington Station, Encore Casino, and Boston.
