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 4, 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 10:04 AM UTC, 10/4/2024

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