Duplex with 2-Car
For Sale
$1,395,000
82 Electric Avenue, Somerville, MA 02144
Two-family configuration with five bedrooms, two full bathrooms, and substantial living space across the property.
Property Size3,335 SF
Lot Size0.10 Acres
Price / SF$418.29
Days on Market70
Property Features for 82 Electric Avenue
General Information
Standard status
Active
Size
3,335 SF
Total Parking Spaces
2
Lot size
0.10 Acres
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Cambridge Realty Group,Inc.
(781) 266-7897
Listed By:
Mario Capone
(781) 266-7897
Source:
Cambridgerealty
Added: Jun 22
Changed: Aug 29
Last Checked: Aug 29 at 2:05PM
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 Cambridge Realty Group,Inc.
Investment Insights
Based on property information with market context.
This duplex at 82 Electric Avenue in Somerville provides 3,335 square feet of living space within a two-family residential configuration. The property contains five bedrooms, two full bathrooms, and a 2-car garage, supporting a range of occupancy arrangements within the existing layout.
Constructed in 1900, the residence sits on a 4,172-square-foot lot in Somerville, Massachusetts. Its combination of two-family functionality, multiple bedrooms, dedicated garage parking, and established construction gives the property a clearly defined multifamily profile.
Constructed in 1900, the residence sits on a 4,172-square-foot lot in Somerville, Massachusetts. Its combination of two-family functionality, multiple bedrooms, dedicated garage parking, and established construction gives the property a clearly defined multifamily profile.
Key Highlights
- Duplex with 3,335 square feet of living space
- Five bedrooms and two full bathrooms
- 2‑car garage
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
$70,570
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
5.06%
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%
$1,411,400
$1.4M
Cap Rate 7%
$1,008,143
$1.0M
Cap Rate 9%
$784,111
$784.1K
Market Conditions
NOI Build-Up for 3,335 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
$106.1K $31.80/SF
− Vacancy
−$5.2K −$1.57/SF
EGI
$100.8K $30.23/SF
− OpEx
−$30.2K −$9.07/SF
NOI
$70.6K $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%
$1,411,400
Cap Rate 7%
$1,008,143
Cap Rate 9%
$784,111
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$882.1K – $1.18M
NOI $70,570 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$947.9K
$829.4K – $1.11M
NOI $66,355 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,202 @ 7.0% cap · market cap 9.91%
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
2,106
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
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-family configuration with five bedrooms, two full bathrooms, and substantial living space across the property.
Where is this duplex located?
The property is located at 82 Electric Avenue Somerville, MA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Duplex with 3,335 square feet of living space; Five bedrooms and two full bathrooms; 2‑car garage
