Two-Family Residential Income
68 Raymond Avenue Somerville, MA 02144
68 Raymond Avenue, Somerville, MA, 02144
$1,099,986
For Sale
$1,099,986
Spacious two-family home with five bedrooms and two full bathrooms, fully vacant and ready for immediate occupancy.
Property Size2,867 SF
Price / SF$383.67
Days on Market15
Property Features for 68 Raymond Avenue
General Information
- Standard status
- Active
- Size
- 2,867 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
United Brokers
Listed by
Matt Tasgin
(617) 236-0711
Source
Campionre
Added: Jul 7 Updated: Jul 21 at 5:49AM Checked: Jul 21 at 5:49AM
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 United Brokers
Investment Insights
Based on property information with market context.
This spacious two-family residential income property is fully vacant and ready for its next owner. The home offers approximately 2,867 square feet of living space with five bedrooms and two full bathrooms, providing generous room sizes and abundant natural light. With immediate occupancy available, the layout offers flexibility for owner-occupancy or rental use.
The property is located in Somerville near Davis Square and Teele Square, with the MBTA Red Line within minutes for commuting to Cambridge and Boston. It is also close to Tufts University, Powder House Park, the Somerville Community Path, and a variety of restaurants, cafes, shopping, and entertainment.
As listed, the home is configured as a two-family residence and is available now for buyers looking for a turn-key, vacant asset.
The property is located in Somerville near Davis Square and Teele Square, with the MBTA Red Line within minutes for commuting to Cambridge and Boston. It is also close to Tufts University, Powder House Park, the Somerville Community Path, and a variety of restaurants, cafes, shopping, and entertainment.
As listed, the home is configured as a two-family residence and is available now for buyers looking for a turn-key, vacant asset.
Key Highlights
- Fully vacant two‑family home with 5 bedrooms and 2 full bathrooms, ready for immediate occupancy
- Approx. 2,867 sq ft of living space in a 1910‑built home
- Great flexibility for owner‑occupants, investors, or multi‑generational living
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 | $91.2k | $31.80 |
| − Vacancy | −$4.5k | −$1.57 |
| EGI | $86.7k | $30.23 |
| − OpEx | −$26.0k | −$9.07 |
| NOI | $60.7k | $21.16 |
2,867 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$866.7K
$758.3K – $1.01M
NOI $60,667 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$814.9K
$713.1K – $950.7K
NOI $57,044 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,808 @ 7.0% cap · market cap 10.80%
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 - Spacious two-family home with five bedrooms and two full bathrooms, fully vacant and ready for immediate occupancy.
Where is this duplex located?
The property is located at 68 Raymond Avenue Somerville, MA.
What is the asking price?
The asking price for this property is $1,099,986.
What are key features of this property?
This property features: Fully vacant two‑family home with 5 bedrooms and 2 full bathrooms, ready for immediate occupancy; Approx. 2,867 sq ft of living space in a 1910‑built home; Great flexibility for owner‑occupants, investors, or multi‑generational living
