Two-Family Residential Income
73 Bonair Street Somerville, MA 02145
73 Bonair Street, Somerville, MA, 02145
$1,079,999
For Sale
$1,079,999
Well-maintained two-family home with bright, functional units, separate utilities, and outdoor space.
Property Size2,200 SF
Price / SF$490.91
Days on Market121
Property Features for 73 Bonair Street
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1915
Listing agency
Century 21 North East
(781) 286-8900
Listed by
Pratt Properties Team
(781) 286-8900
Source
Compass
Added: Mar 24 Updated: Jul 21 at 7:26AM Checked: Jul 21 at 7:26AM
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 well-maintained two-family property offers separate living spaces in a functional layout. Each unit features bright interiors, ample storage, and outdoor space. The home also includes separate utilities, supporting independent day-to-day living for each unit.
Located in a desirable Somerville neighborhood, the property is conveniently near public transportation, restaurants, shopping, parks, and major commuting routes.
Ideal for a range of residential ownership approaches, the configuration allows for either rental income from both units or owner-occupancy in one unit while renting the other.
Located in a desirable Somerville neighborhood, the property is conveniently near public transportation, restaurants, shopping, parks, and major commuting routes.
Ideal for a range of residential ownership approaches, the configuration allows for either rental income from both units or owner-occupancy in one unit while renting the other.
Key Highlights
- Two‑family property with wood flooring and 2 total bathrooms (2 full baths).
- Full basement included.
- Level lot with outdoor space.
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 | $70.0k | $31.80 |
| − Vacancy | −$3.5k | −$1.57 |
| EGI | $66.5k | $30.23 |
| − OpEx | −$20.0k | −$9.07 |
| NOI | $46.6k | $21.16 |
2,200 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$665.0K
$581.9K – $775.9K
NOI $46,553 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$625.3K
$547.2K – $729.6K
NOI $43,773 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,167 @ 7.0% cap · market cap 8.44%
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 - Well-maintained two-family home with bright, functional units, separate utilities, and outdoor space.
Where is this duplex located?
The property is located at 73 Bonair Street Somerville, MA.
What is the asking price?
The asking price for this property is $1,079,999.
What are key features of this property?
This property features: Two‑family property with wood flooring and 2 total bathrooms (2 full baths).; Full basement included.; Level lot with outdoor space.
