Two-Family Duplex with Expansion
For Sale
$1,198,000
Pending
7 Hamilton Rd, Somerville, MA 02144
Two separate residences offer private laundry, storage, and distinct entrances.
Property Size2,257 SF
Days on Market34
Property Features for 7 Hamilton Rd
General Information
Standard status
Pending
Size
2,257 SF
Total Parking Spaces
5
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,282
Amenities
private laundry
storage space
enclosed front porch
enclosed back porch
bonus room
walkup attic
landscaped backyard
bike storage
Building Details
Building Size
2,257 SF
Year Built
1910
Buildings
1
Listing Agency:
Leading Edge Real Estate
Listed By:
Fayth Cregg
(617) 497-4400
Source:
Classifiedrealtygroup
Added: Sep 9
Changed: Sep 29
Last Checked: Oct 11 at 3:40AM
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 Leading Edge Real Estate
Investment Insights
Based on property information with market context.
This 1910 duplex contains two well-proportioned residences, each with 2 bedrooms, 1 full bathroom, hardwood flooring, and original millwork. Separate entrances serve the units, while private laundry and storage areas are located in the basement. The upper residence includes enclosed front and rear porches, a bonus room, and a walk-up attic with existing plumbing for a bathroom and heat. The attic provides 1,145 square feet of expansion potential. The lower residence has a Certificate of Deleading Compliance.
Outdoor and shared improvements include a landscaped backyard, a basement with tall ceilings, bike storage, and a 2-car garage. The property is located at 7 Hamilton Rd in West Somerville, less than one mile from Davis Square and Tufts University. Grocery stores, restaurants, parks, the Alewife Greenway Bike Path, and Dilboy Public Pool are within a few blocks, with public transportation and major highways also accessible.
Outdoor and shared improvements include a landscaped backyard, a basement with tall ceilings, bike storage, and a 2-car garage. The property is located at 7 Hamilton Rd in West Somerville, less than one mile from Davis Square and Tufts University. Grocery stores, restaurants, parks, the Alewife Greenway Bike Path, and Dilboy Public Pool are within a few blocks, with public transportation and major highways also accessible.
Key Highlights
- Two‑family duplex with two 2‑bedroom, 1‑bath residences
- Upper unit includes 1,145 square feet of attic expansion potential
- Separate entrances plus private laundry and storage for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,759
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,180
$955.2K
Cap Rate 7%
$682,271
$682.3K
Cap Rate 9%
$530,656
$530.7K
Market Conditions
NOI Build-Up for 2,257 SF
Gross rent
$71.8K $31.80/SF
− Vacancy
−$3.5K −$1.57/SF
EGI
$68.2K $30.23/SF
− OpEx
−$20.5K −$9.07/SF
NOI
$47.8K $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%
$955,180
Cap Rate 7%
$682,271
Cap Rate 9%
$530,656
Alternative Uses
Best Use
Multifamily LT 5
$682.3K
$597.0K – $796.0K
NOI $47,759 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$641.5K
$561.3K – $748.5K
NOI $44,907 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,530 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,350
Businesses Nearby
Explore this area
Business Placement
Demographics for 02144, MA
25,497
Population
11,881
Households
2.1
Avg Household Size
31
Median Age
75%
College-Educated
96%
High-School Grad
1.1 sq mi
ZIP Area
23,179
Density / Sq Mi
$140,591
Median Household Income
$74,639
Median Earnings
$2,654
Median Rent
$987,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer private laundry, storage, and distinct entrances.
Where is this duplex located?
The property is located at 7 Hamilton Rd Somerville, MA.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: Two‑family duplex with two 2‑bedroom, 1‑bath residences; Upper unit includes 1,145 square feet of attic expansion potential; Separate entrances plus private laundry and storage for both units
