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You are here:
Home Massachusetts Somerville Multi-Family Homes for Sale

148-150-18 Pearl St Somerville, MA 02145

69 Days on Boston Pads
Price Reduced $102,299
41 Photos
$1,897,700
4 Unit
9 Beds
4 Baths
3115 SQFT
0.10 Acre
148-150-18 Pearl St
Somerville, MA 02145

Property Description

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!

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 3
  • Total Bedrooms: 9
  • Total Full Baths: 4
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station, Walk/Jog Trails
  • Basement Features: Full
  • Common Rooms: Kitchen
  • Common Interior Features: Tile Floor
  • Common Appliances: Dryer, Range, Refrigerator, Washer
  • Common Heating: Central Heat, Electric, Extra Flue, Gas, Heat Pump
  • Common Cooling: Central Air

Financial

  • APOD Available: Yes
  • Gross Operating Income: 90000
  • Net Operating Income: 90000

Utilities

  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1910
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Membrane, Wood Shingles
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73270853
  • Last Updated: 10/01/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
10/01/2024Active$1,897,700$609MLSPIN
09/27/2024Price Change$1,897,700$609MLSPIN
08/02/2024Active$1,999,999$642MLSPIN
07/29/2024New$1,999,999$642MLSPIN

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Map & Resources

Full Circle High School

Public School, Grades: 9-12

0.11mi

Winter Hill Community School

Public Elementary School, Grades: PK-8

0.12mi

Next Wave Junior High School

Grades: 7-9

0.12mi

East Somerville Community School

Public Elementary School, Grades: PK-8

0.12mi

Capuano Early Childhood Center

Public Elementary School, Grades: PK-1

0.27mi

Mudflat Pottery School

School

0.35mi

Somerville High School

Public Secondary School, Grades: 9-12

0.36mi

Next Wave Junior High School

Public Middle School, Grades: 6-8

0.36mi

Casey's

Bar

0.24mi

Friends Pizza

Pizzeria

0.11mi

Dunkin'

Donut & Coffee Shop

0.24mi

Royal

Pizza & American (Fast Food)

0.44mi

Highland Creole Cuisine

Crepe Restaurant

0.23mi

Maya Sol Mexican Grill

Mexican Restaurant

0.24mi

Highland Pizza

Pizzeria

0.27mi

Sarma

Turkish Restaurant

0.37mi

East Somerville Police Substation

Police

0.36mi

Somerville Police Department

Police

0.51mi

Reilly-Brickley Central Fire Station

Fire Station

0.34mi

Somerville Fire Department

Fire Station

0.54mi

Glen Street Park

Municipal Park

0.2mi

Chuckie Harris Park

Municipal Park

0.26mi

Edward L. Leathers Dog Park

Park

0.28mi

Foss Park

State Park

0.28mi

Symphony Park

Park

0.34mi

Central Hill Memorial Park

Municipal Park

0.35mi

Gilman Square

Park

0.36mi

Florence Street

Municipal Park

0.37mi

Deanna Cremin Playground

Playground

0.15mi

Glen Street Playground

Playground

0.21mi

Central Hill Playground

Playground

0.29mi

Marshall Street Playground

Playground

0.39mi

Sudzy Sal's Laundromat

Laundry

0.08mi

The Lost Sock

Laundry

0.4mi

Elizabeth Peabody House

Childcare

0.41mi

Styles Hair

Hairdresser

0.09mi

Salon Villa Francesca

Hairdresser

0.23mi

Wally's

Hairdresser

0.24mi

Beto's Unisex Hair Salon

Hairdresser

0.33mi

Empire Tattoo

Tattoo

0.38mi

Super Dollar Plus Furniture

Furniture

0.35mi

Broadway Gulf

Convenience

0.21mi

Khoury's State Spa

Convenience

0.25mi

Speedway

Convenience

0.32mi

Winter Hill Market

Convenience

0.39mi

Super Stop & Shop

Supermarket

0.37mi

Cross St @ Pearl St

90

0.05mi

Pearl St @ Cross St

80

0.05mi

Cross St @ Pearl St

90

0.06mi

Pearl St @ McGrath Hwy

80

0.09mi

Cross St @ Flint St

90

0.1mi

Cross St @ Otis St

90

0.11mi

Pearl St @ McGrath Hwy

80

0.12mi

Cross St @ Ellsworth St

90

0.12mi

Seller's Representative: Viviane Alvarenga, Century 21 North East
MLS ID#: 73270853

© 2024 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-10-01 03:06:00