Two-Family Residential Income
52 Sterling Street Somerville, MA 02144
52 Sterling Street, Somerville, MA, 02144
$1,119,999
For Sale
$1,119,999
Two rented units each feature living and dining space, two bedrooms, and hardwood floors, with a large unfinished attic expansion area.
Property Size2,112 SF
Price / SF$530.30
Days on Market84
Property Features for 52 Sterling Street
General Information
- Standard status
- Active
- Size
- 2,112 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
Smith and Oak Real Estate Co.
(401) 464-2617
Listed by
The WP Group
Source
Stevebremis
Added: Apr 29 Updated: Jul 20 at 4:22PM Checked: Jul 20 at 4:22PM
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 Smith and Oak Real Estate Co.
Investment Insights
Based on property information with market context.
This two-family has been thoughtfully maintained by the same family since the 1950s and is currently configured with two separate units. Each unit offers 1,100+ SF with a living room, dining room, two bedrooms, and hardwood floors throughout the living areas. A full ~1,000 SF unfinished attic provides a clear path to townhouse-style expansion for the upstairs unit.
The home includes a coin-op laundry in the basement and separate gas, electric, and utilities for each unit. The rear of the property offers upper and lower private deck areas overlooking the backyard. Convenient access to RT 16 and RT 2 places it near Davis Square, Whole Foods, Dilboy Field, the Alewife bike path, Tufts, and other university amenities.
Both units are currently rented, and the property benefits from a maintenance and updates hard-drive compiled by the long-term owner.
The home includes a coin-op laundry in the basement and separate gas, electric, and utilities for each unit. The rear of the property offers upper and lower private deck areas overlooking the backyard. Convenient access to RT 16 and RT 2 places it near Davis Square, Whole Foods, Dilboy Field, the Alewife bike path, Tufts, and other university amenities.
Both units are currently rented, and the property benefits from a maintenance and updates hard-drive compiled by the long-term owner.
Key Highlights
- 2‑family built in 1920 with both units currently rented
- Each unit offers 1,100+ SF with living room, dining room, 2 bedrooms, and hardwood floors
- ~1,000 SF unfinished attic provides a path to townhouse‑style expansion for the upstairs unit
Local 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 | $67.2k | $31.80 |
| − Vacancy | −$3.3k | −$1.57 |
| EGI | $63.8k | $30.23 |
| − OpEx | −$19.2k | −$9.07 |
| NOI | $44.7k | $21.16 |
2,112 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$638.4K
$558.6K – $744.9K
NOI $44,691 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$600.3K
$525.3K – $700.4K
NOI $42,022 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,521 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two rented units each feature living and dining space, two bedrooms, and hardwood floors, with a large unfinished attic expansion area.
Where is this duplex located?
The property is located at 52 Sterling Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,119,999.
What are key features of this property?
This property features: 2‑family built in 1920 with both units currently rented; Each unit offers 1,100+ SF with living room, dining room, 2 bedrooms, and hardwood floors; ~1,000 SF unfinished attic provides a path to townhouse‑style expansion for the upstairs unit
