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INVESTMENT SNAPSHOT
About this property
RARE EAST SOMERVILLE INVESTMENT OPPORTUNITY! Two separate two-family homes on one lot, offering four total units and tremendous potential. The front home is completely vacant, and the rear home can be delivered vacant at closing, giving the new owner exceptional flexibility. An outstanding opportunity for investors, developers, owner-occupants, or a potential condo conversion, subject to buyer due diligence and all necessary approvals. Two separate driveways provide valuable off-street parking. Located at 159 Pearl Street in highly walkable East Somerville, close to the Green Line, Orange Line, Assembly Row, neighborhood restaurants, shopping, grocery stores, and everything Somerville has to offer, with convenient access to Boston and surrounding areas. A unique opportunity to renovate, reposition, and maximize the potential of four units in one of Greater Boston’s most desirable and sought-after locations.
Property details
| Units | 4 |
| Living area | 7,500 sqft |
| Lot size | 8,190 sqft |
| Year built | 1900 |
| Price / sqft | $250 |
| County | Middlesex |
| MLS # | 73515418 |
Listing status
| Days on market | 123 days |
| Listed on | May 8, 2026 |
Taxes & financials
| Annual property tax | $19,800 |
| Tax year | 2025 |
| Assessed value | $1,614,900 |
| Zoning | RB |
| Gross income (actual) | $58,200/yr |
| Net operating income (actual) | $41,239/yr |
| Total actual rent | $4,850/mo |
| Insurance expense | $8,702/yr |
Building & lot
| Stories | 6 |
| Total rooms | 28 |
| Lot size | 0.19 acres |
| Garage spaces | 0 |
| Parking spaces | 8 |
| Parking | Paved Drive, Off Street, Tandem, Common, Paved |
| Basement | Full, Partially Finished, Interior Entry, Concrete |
| Foundation | Concrete Perimeter, Irregular |
| Roof | Shingle, Slate, Rubber |
| Construction | Frame |
| Flooring | Tile, Vinyl, Carpet, Varies, Hardwood |
Utilities & systems
| Heating | Baseboard, Natural Gas, Central |
| Cooling | Central Air |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Range, for Electric Oven, Washer Hookup, Varies per Unit |
| Appliances | Range, Refrigerator, Microwave |
Location
More about investing in Somerville →
Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 159 Pearl Street, Somerville MA 02145 have?
It is a 4-unit multi-family property with 7,500 sqft of living area, built in 1900.
How long has 159 Pearl Street, Somerville MA 02145 been on the market?
159 Pearl Street, Somerville MA 02145 has been listed for 123 days (since May 8, 2026).
What is the estimated cap rate on this 4-family in Somerville?
Based on area median rents, the estimated cap rate is about 4.8%, with a Signal Score of 84/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,875,000 across 4 units, that works out to roughly $468,750 per unit.
What are the property taxes on 159 Pearl Street, Somerville MA 02145?
Annual property taxes are $19,800 (2025), on an assessed value of $1,614,900.
What is the price per square foot?
At $1,875,000 for 7,500 sqft, that's about $250 per square foot.
Is there parking?
8 total parking spaces (paved drive, off street, tandem, common, paved).
Where is this property located?
159 Pearl Street, Somerville MA 02145 is in Somerville, Middlesex County, MA 02145.
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