Two-Unit
5 Cutter Park, Somerville, MA 02144
For Sale
New
$1,100,000
The vacant property has a two-bedroom first-floor residence and a three-bedroom unit spanning the upper levels.
Property Size2,232 SF
Price / SF$492.83
Days on Market4
Property Features for 5 Cutter Park
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Building Details
Year Built
Buildings
Listing Agency:
Benoit Real Estate Group,LLC
Listed By:
Shane Marrion
(617) 750-6378
Source:
Cambridgerealty
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 10:13AM
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 Benoit Real Estate Group,LLC
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Investment Insights
Based on property information with market context.
This two-family property is arranged as a first-floor residence with two bedrooms and one full bathroom, plus a second residence that occupies the second and third floors and has three bedrooms and one full bathroom. Both units have hardwood flooring, updated kitchens, and updated bathrooms. The property was built in 1920 and is vacant.
The address is in Somerville’s Davis Square area, near the Red Line station and a range of restaurants, cafes, and shops. Walk Score is 97, Bike Score is 95, and Transit Score is 81.
The address is in Somerville’s Davis Square area, near the Red Line station and a range of restaurants, cafes, and shops. Walk Score is 97, Bike Score is 95, and Transit Score is 81.
Key Highlights
- Vacant two‑family property
- First‑floor unit has 2 bedrooms and 1 full bathroom
- Upper unit spans the second and third floors, with 3 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,230
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$944,600
$944.6K
Cap Rate 7%
$674,714
$674.7K
Cap Rate 9%
$524,778
$524.8K
Market Conditions
NOI Build-Up for 2,232 SF
Gross rent
$71.0K $31.80/SF
− Vacancy
−$3.5K −$1.57/SF
EGI
$67.5K $30.23/SF
− OpEx
−$20.2K −$9.07/SF
NOI
$47.2K $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%
$944,600
Cap Rate 7%
$674,714
Cap Rate 9%
$524,778
Alternative Uses
Best Use
Multifamily LT 5
$674.7K
$590.4K – $787.2K
NOI $47,230 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$634.4K
$555.1K – $740.2K
NOI $44,409 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,494 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,829
Businesses Nearby
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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
$987,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Somerville, MA
Properties on Market for Duplexes in Somerville
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The vacant property has a two-bedroom first-floor residence and a three-bedroom unit spanning the upper levels.
Where is this duplex located?
The property is located at 5 Cutter Park Somerville, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Vacant two‑family property; First‑floor unit has 2 bedrooms and 1 full bathroom; Upper unit spans the second and third floors, with 3 bedrooms and 1 full bathroom
