Two-Unit
5 Gilman Ter, Somerville, MA 02145
For Sale
$1,199,900
One apartment is leased through March 31, 2027, while the two-level upper apartment is vacant.
Property Size2,267 SF
Price / SF$529.29
Days on Market9
Property Features for 5 Gilman Ter
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Full,Partially Finished,Interior Entry,Bulkhead
Tile,Hardwood
Yes
3
No
6
Insulated Windows
Public Record
Living Room,Kitchen,Dining Room
2267
Fenced/Enclosed,Fenced
Public
Insulated Doors
0.05
Paved
Stone
Public,Dead End
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Prime Choice Real Estate
Listed By:
Marcos Doliver
Source:
Coarealtygroup
Added: Oct 30
Changed: Nov 5
Last Checked: Nov 6 at 6:50AM
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 Prime Choice Real Estate
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Investment Insights
Based on property information with market context.
This 2,267-square-foot duplex, built in 1890, contains two apartments. The first-floor unit has two bedrooms, a full bathroom, central heat, and high ceilings. Its lease runs through March 31, 2027. The vacant upper apartment spans two levels and includes four bedrooms, a full bathroom, a dining room, and a living room. Finished basement space adds flexibility, and the property sits on a 0.05-acre lot with NR zoning.
The home is on a dead-end street in Somerville, near Gilman Square Green Line station, the Community Path, Somerville High School, and the public library. Union Square, Davis Square, and Assembly Row are also nearby, along with restaurants and shopping. Connections to Boston and major highways are noted.
The home is on a dead-end street in Somerville, near Gilman Square Green Line station, the Community Path, Somerville High School, and the public library. Union Square, Davis Square, and Assembly Row are also nearby, along with restaurants and shopping. Connections to Boston and major highways are noted.
Key Highlights
- Two apartments with 2,267 square feet of interior space
- First‑floor unit has 2 bedrooms and a full bathroom; leased through March 31, 2027
- Vacant upper apartment spans two levels and includes 4 bedrooms and a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,971
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,420
$959.4K
Cap Rate 7%
$685,300
$685.3K
Cap Rate 9%
$533,011
$533.0K
Market Conditions
NOI Build-Up for 2,267 SF
Gross rent
$72.1K $31.80/SF
− Vacancy
−$3.6K −$1.57/SF
EGI
$68.5K $30.23/SF
− OpEx
−$20.6K −$9.07/SF
NOI
$48.0K $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%
$959,420
Cap Rate 7%
$685,300
Cap Rate 9%
$533,011
Alternative Uses
Best Use
Multifamily LT 5
$685.3K
$599.6K – $799.5K
NOI $47,971 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$644.4K
$563.8K – $751.8K
NOI $45,106 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$1.34M
$1.17M – $1.57M
NOI $93,944 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,311
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
$784,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - One apartment is leased through March 31, 2027, while the two-level upper apartment is vacant.
Where is this duplex located?
The property is located at 5 Gilman Ter Somerville, MA.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: Two apartments with 2,267 square feet of interior space; First‑floor unit has 2 bedrooms and a full bathroom; leased through March 31, 2027; Vacant upper apartment spans two levels and includes 4 bedrooms and a full bathroom
