Well-Maintained Three-Family with Private
For Sale
$1,649,900
45-47 Pearson Avenue, Somerville, MA 02144
MULTI_FAMILY - Somerville, MA
Property Size3,357 SF
Lot Size0.08 Acres
Price / SF$491.48
Days on Market51
Property Features for 45-47 Pearson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
NR
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 4
Parking
3
Directions
Willow Ave to Kidder Ave to Pearson Ave
Standard status
Active
Size
3,357 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
15458
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Listing Agency:
Keller Williams Realty Boston Northwest
(617) 497-8900
Listed By:
Christina Hill
(978) 369-5775
Added: Jun 15
Changed: Aug 1
Last Checked: Aug 4 at 8:06PM
MLS# 73536363
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.
45–47 Pearson Avenue is a meticulously maintained three-family property offering approximately 3,357 SF and three well-proportioned units. The unit mix includes a 3BR, a 2BR, and a 1BR, and each unit features a private rear deck plus in-unit washer/dryer hookup(s). Off-street parking is also provided. All three units will be delivered vacant.
The property is located just steps from Davis Square and the Green Line Extension, providing close access to transit, restaurants, and shopping. Easy to show with 24 hours’ notice.
With zoning designated as NR and a year built of 1900, this is an ownership opportunity suited to either investor leasing of all three units or an owner-occupant selecting a preferred unit while offsetting expenses with rental income from the remaining unit(s).
The property is located just steps from Davis Square and the Green Line Extension, providing close access to transit, restaurants, and shopping. Easy to show with 24 hours’ notice.
With zoning designated as NR and a year built of 1900, this is an ownership opportunity suited to either investor leasing of all three units or an owner-occupant selecting a preferred unit while offsetting expenses with rental income from the remaining unit(s).
Key Highlights
- 3,357 SF three‑family on 0.0758 acres
- Unit mix: 3BR, 2BR, and 1BR
- Each unit has a private rear deck
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 | $106.8k | $31.80 |
| − Vacancy | −$5.3k | −$1.57 |
| EGI | $101.5k | $30.23 |
| − OpEx | −$30.4k | −$9.07 |
| NOI | $71.0k | $21.16 |
3,357 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$887.9K – $1.18M
NOI $71,035 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$954.2K
$834.9K – $1.11M
NOI $66,793 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,113 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,749
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?
Triplex - Meticulously maintained three-family with private rear decks, in-unit washer/dryer hookups, and off-street parking in Somerville.
Where is this triplex located?
The property is located at 45-47 Pearson Avenue Somerville, MA.
What is the asking price?
The asking price for this property is $1,649,900.
What are key features of this property?
This property features: 3,357 SF three‑family on 0.0758 acres; Unit mix: 3BR, 2BR, and 1BR; Each unit has a private rear deck
