Legal Two-Family
63 Prichard Avenue Somerville, MA 02144
63 Prichard Avenue, Somerville, MA, 02144
$1,169,000
For Sale
$1,169,000
Legal two-family with reconfigured 3- and 4-bedroom units, private driveway, and two off-street parking spaces.
Property Size2,354 SF
Price / SF$496.60
Days on Market37
Property Features for 63 Prichard Avenue
General Information
- Standard status
- Active
- Size
- 2,354 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
Coldwell Banker Realty - Boston
Listed by
Gabrielle Russo
(978) 808-8064
Source
Merryfoxrealty
Added: Jun 15 Updated: Jul 21 at 3:19AM Checked: Jul 21 at 3:19AM
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 Coldwell Banker Realty - Boston
Investment Insights
Based on property information with market context.
This legal two-family residence has been reconfigured to maximize space and functionality. Unit 1 features a spacious 3-bedroom layout with in-unit laundry. Unit 2 has been expanded into a generous 4-bedroom residence. The property includes ample basement storage and outdoor space, along with a welcoming front porch.
The home is located on a quiet, tree-lined street and is described as being moments from Davis Square and Porter Square, with access to the Red and Green Lines and nearby restaurants, parks, and the Minuteman Community Bike Trail.
System improvements include a conversion from oil to natural gas, high-efficiency gas furnaces, gas-fired steam heat, and updated plumbing, along with other system updates.
The home is located on a quiet, tree-lined street and is described as being moments from Davis Square and Porter Square, with access to the Red and Green Lines and nearby restaurants, parks, and the Minuteman Community Bike Trail.
System improvements include a conversion from oil to natural gas, high-efficiency gas furnaces, gas-fired steam heat, and updated plumbing, along with other system updates.
Key Highlights
- Legal two‑family reconfigured into a 3‑bedroom Unit 1 and an expanded 4‑bedroom Unit 2
- Generated over $81,000 in rental income during 2025‑2026
- Converted from oil to natural gas with high‑efficiency gas furnaces and gas‑fired steam heat
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 | $74.9k | $31.80 |
| − Vacancy | −$3.7k | −$1.57 |
| EGI | $71.2k | $30.23 |
| − OpEx | −$21.3k | −$9.07 |
| NOI | $49.8k | $21.16 |
2,354 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$711.6K
$622.6K – $830.2K
NOI $49,811 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$669.1K
$585.5K – $780.6K
NOI $46,837 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,549 @ 7.0% cap · market cap 8.34%
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 - Legal two-family with reconfigured 3- and 4-bedroom units, private driveway, and two off-street parking spaces.
Where is this duplex located?
The property is located at 63 Prichard Avenue Somerville, MA.
What is the asking price?
The asking price for this property is $1,169,000.
What are key features of this property?
This property features: Legal two‑family reconfigured into a 3‑bedroom Unit 1 and an expanded 4‑bedroom Unit 2; Generated over $81,000 in rental income during 2025‑2026; Converted from oil to natural gas with high‑efficiency gas furnaces and gas‑fired steam heat
