Two-Family Property with
For Sale
$1,029,999
7 Jaques Street, Somerville, MA 02145
Two residential units feature basement storage, a fenced yard, and porch space.
Property Size1,631 SF
Price / SF$631.51
Days on Market160
Property Features for 7 Jaques Street
General Information
Standard status
Active
Size
1,631 SF
Total Parking Spaces
4
Property subtype
Multi-family / 2 Family
Zoning
RB
Net Operating Income
$68,400
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,702
Amenities
coin-operated laundry
private storage
backyard patio
City/Town Sewer, Public, Circuit Breakers, for Gas Range
No
Wood
2.0
Full, Bulkhead
2
2.00
Fenced
Frame
Shingle
Level
Fenced Yard, Porch
Porch
Building Details
Year Built
1920
Listing Agency:
Century 21 North East
(781) 286-8900
Listed By:
Pratt Properties Team
(781) 286-8900
Source:
Compass
Added: Mar 24
Changed: Aug 29
Last Checked: Aug 29 at 2:01PM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This two-family property contains 1,631 square feet and was built in 1920. The building has wood interior finishes, a full basement with bulkhead access, and private storage. Exterior features include a frame structure with shingle siding, a level site, fencing, a fenced yard, and a porch. A backyard patio provides additional outdoor space.
The property is located at 7 Jaques Street in Somerville, Massachusetts, near public transportation, restaurants, shopping, parks, and major commuting routes. RB zoning is identified for the property.
The property is located at 7 Jaques Street in Somerville, Massachusetts, near public transportation, restaurants, shopping, parks, and major commuting routes. RB zoning is identified for the property.
Key Highlights
- Two‑family property with 1,631 square feet
- Built in 1920 with frame construction and shingle siding
- Full basement with bulkhead access and private storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,513
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$690,260
$690.3K
Cap Rate 7%
$493,043
$493.0K
Cap Rate 9%
$383,478
$383.5K
Market Conditions
NOI Build-Up for 1,631 SF
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.
Gross rent
$51.9K $31.80/SF
− Vacancy
−$2.6K −$1.57/SF
EGI
$49.3K $30.23/SF
− OpEx
−$14.8K −$9.07/SF
NOI
$34.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$690,260
Cap Rate 7%
$493,043
Cap Rate 9%
$383,478
Alternative Uses
Best Use
Multifamily LT 5
$493.0K
$431.4K – $575.2K
NOI $34,513 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$463.6K
$405.6K – $540.9K
NOI $32,451 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$965.5K
$844.9K – $1.13M
NOI $67,588 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,617
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature basement storage, a fenced yard, and porch space.
Where is this duplex located?
The property is located at 7 Jaques Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,029,999.
What are key features of this property?
This property features: Two‑family property with 1,631 square feet; Built in 1920 with frame construction and shingle siding; Full basement with bulkhead access and private storage
