Two-Unit Duplex with Off-Street
5 Quincy Street, Somerville, MA 02143
For Sale
$985,500
Pending
Two separate residences span three finished levels, with a paved driveway providing parking for up to three vehicles.
Property Size1,742 SF
Days on Market8
Property Features for 5 Quincy Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
Ceiling Fan(s)
Bathroom With Tub & Shower
Living Room
Dining Room
Kitchen
Rain Gutters
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Lamacchia Realty, Inc.
(781) 786-8080
Listed By:
Thomas Noah
Source:
Condonrealty
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 13 at 2:43PM
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 Lamacchia Realty, Inc.
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Investment Insights
Based on property information with market context.
This NR-zoned duplex contains two distinct units across three finished levels and 1,742 square feet. The first-floor unit offers five rooms, including one bedroom, a living room, formal dining room, and eat-in kitchen. A second residence occupies the upper two levels, with seven rooms, three bedrooms, a full bath, a landing, and walk-up third-floor space. Hardwood floors and classic moldings are among the interior features. Built in 1890, the property is being sold as-is.
At 5 Quincy Street in Somerville, the property is near neighborhood parks, dining, shopping, major transit routes, and public transportation. A paved off-street driveway accommodates up to three vehicles.
At 5 Quincy Street in Somerville, the property is near neighborhood parks, dining, shopping, major transit routes, and public transportation. A paved off-street driveway accommodates up to three vehicles.
Key Highlights
- Two separate units arranged across three finished levels
- 1,742 square feet; built in 1890
- First‑floor residence has five rooms and one bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,861
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,220
$737.2K
Cap Rate 7%
$526,586
$526.6K
Cap Rate 9%
$409,567
$409.6K
Market Conditions
NOI Build-Up for 1,742 SF
Gross rent
$55.4K $31.80/SF
− Vacancy
−$2.7K −$1.57/SF
EGI
$52.7K $30.23/SF
− OpEx
−$15.8K −$9.07/SF
NOI
$36.9K $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%
$737,220
Cap Rate 7%
$526,586
Cap Rate 9%
$409,567
Alternative Uses
Best Use
Multifamily LT 5
$526.6K
$460.8K – $614.4K
NOI $36,861 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$495.1K
$433.3K – $577.7K
NOI $34,660 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$1.03M
$902.4K – $1.20M
NOI $72,188 @ 7.0% cap · market cap 7.33%
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
3,250
Businesses Nearby
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Business Placement
Demographics for 02143, MA
26,022
Population
12,901
Households
2
Avg Household Size
33
Median Age
74%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
17,348
Density / Sq Mi
$126,102
Median Household Income
$73,055
Median Earnings
$2,424
Median Rent
$930,200
Median Home Value
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Market
Average Price Trend$/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 - Two separate residences span three finished levels, with a paved driveway providing parking for up to three vehicles.
Where is this duplex located?
The property is located at 5 Quincy Street Somerville, MA.
What is the asking price?
The asking price for this property is $985,500.
What are key features of this property?
This property features: Two separate units arranged across three finished levels; 1,742 square feet; built in 1890; First‑floor residence has five rooms and one bedroom
