Active
148-150-18 Pearl St
Somerville MA, 02145
$1,897,700
$609.21 per sqft
Active
9 Beds
4 Baths
3,115 sqft
Multi-family
Built in 1910
A very unique investment opportunity in the heart of Somerville! 4 units /Estimate 7-8 % cap rate with market value rentals approx $150,000.00 per year.This mixed-use property on Pearl Street and 18 Flint Ave boasts 3 spacious residential units and 1 commercial unit, offering diverse income streams. Located in an up-and-coming area, it's perfect for investors looking to capitalize on the potential for both fix-and-flip and long-term strategy. Situated on bustling Pearl Street in Somerville, the property is surrounded by new developments, trendy shops, and eateries, enhancing its appeal. Whether you're looking to renovate and sell for a profit or hold for consistent rental income, this property offers flexible investment opportunities. Don't miss out on this rare find in a rapidly developing area. Secure your foothold in Somerville's thriving real estate market today!
73270853
MLSⓇ ID
July 30, 2024
Listed
October 3, 2024
Updated
Map
148-150-18 Pearl St
Somerville MA, 02145
Interior Features
Total Stories
3
Bedrooms
9
Total Bathrooms
4
Full Bathrooms
4
Interior Features
Kitchen
Appliances
Range, Refrigerator, Washer, Dryer
Floor Description
Tile, Hardwood
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Natural Gas, Central
Exterior/Building Features
Lot Size
0.1 Acres
Roof
Wood
Sewer
Public Sewer
School Information
High School
High Somerville
Elementary School
Kesher
Other Property Details
Taxes
$10,803
Tax Frequency
Annually
Days on Market
64
Garage
Yes
Garage Spaces
2
Parking
Paved Drive, Paved
Parking Total
6
View
No
County
Middlesex
Water Source
Public
Pool
No
Zoning
RB
Listing History
Date | Event | Price |
|---|---|---|
9/27/2024 | Price change | $1,897,700 -6% |
Courtesy of Viviane Alvarenga, Century 21 North East
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Data last updated 11:12 PM UTC, 10/3/2024
