Updated Systems Somerville
51 Flint Street, Somerville, MA 02145
For Sale
$1,100,000
The two-unit property will be delivered vacant and includes preliminary city permits for condominium conversion.
Property Size1,792 SF
Price / SF$613.84
Days on Market15
Property Features for 51 Flint Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Public Transit
Utilities to Site
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
garden
Full,Unfinished
Wood,Tile,Laminate,Hardwood
Yes
2
No
5
Insulated Windows,Storm Window(s)
Public Record
Ceiling Fan(s),Lead Certification Available,Walk-Up Attic,Stone/Granite/Solid Counters,Upgraded Cabinets,Living Room,Kitchen
1792
Public
0.1
3
99999
Paved Drive,Tandem,Driveway,Paved
Balcony/Deck
Concrete Perimeter,Stone,Brick/Mortar
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Massachusetts Realty
Listed By:
Sushma Chopra
Source:
Capelandingre
Added: Oct 30
Changed: Nov 11
Last Checked: Nov 13 at 4:47PM
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 Massachusetts Realty
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Investment Insights
Based on property information with market context.
This 1,792-square-foot duplex in Somerville contains two units and a walk-up attic for storage. Updates include two gas furnaces, hot water boilers, electrical work with a house meter and 150-amp service, replacement windows, and whole-house blown-in insulation. The kitchens have upgraded cabinets and counters, and both units have lead paint certificates. Preliminary permits for condominium conversion have been obtained from the city. The property will be delivered vacant.
Residents are within walking distance of East Somerville, Gilman Square, and Sullivan Square Green Line stations. Assembly Square, restaurants, grocery stores, bakeries, and convenience stores are nearby. Driving routes include I-93 and Routes 16, 28, 38, and 60.
Exterior features include a paved driveway with tandem parking and a rear garden. Zoning is residential.
Residents are within walking distance of East Somerville, Gilman Square, and Sullivan Square Green Line stations. Assembly Square, restaurants, grocery stores, bakeries, and convenience stores are nearby. Driving routes include I-93 and Routes 16, 28, 38, and 60.
Exterior features include a paved driveway with tandem parking and a rear garden. Zoning is residential.
Key Highlights
- Two‑unit duplex totaling 1,792 square feet
- Preliminary city permits for condominium conversion; both units to be delivered vacant
- Two gas furnaces, updated hot water boilers, and 150‑amp electrical service with house meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,919
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,380
$758.4K
Cap Rate 7%
$541,700
$541.7K
Cap Rate 9%
$421,322
$421.3K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$57.0K $31.80/SF
− Vacancy
−$2.8K −$1.57/SF
EGI
$54.2K $30.23/SF
− OpEx
−$16.3K −$9.07/SF
NOI
$37.9K $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%
$758,380
Cap Rate 7%
$541,700
Cap Rate 9%
$421,322
Alternative Uses
Best Use
Multifamily LT 5
$541.7K
$474.0K – $632.0K
NOI $37,919 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$509.4K
$445.7K – $594.3K
NOI $35,655 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$1.06M
$928.3K – $1.24M
NOI $74,260 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,144
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 - The two-unit property will be delivered vacant and includes preliminary city permits for condominium conversion.
Where is this duplex located?
The property is located at 51 Flint Street 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: Two‑unit duplex totaling 1,792 square feet; Preliminary city permits for condominium conversion; both units to be delivered vacant; Two gas furnaces, updated hot water boilers, and 150‑amp electrical service with house meter
