Multi-Family for Sale: 148-150-18 Pearl St, Somerville, MA 02145

9 beds
4 full baths
3,115 sqft
$1,999,999
$1,999,999
148-150-18 Pearl St, Somerville, MA 02145
9 beds
4 full baths
3,115 sqft
$1,999,999
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Price:
$1,999,999

Type Multi-Family
Beds 9
Total Baths 4 full baths
Square Feet 3,115 sqft
Garage Spaces 2
Lot Size 0.10 acres
Year Built 1910

City Somerville
County Middlesex

MLS 73270853
Status Active
DOM 52 days
A very unique investment opportunity in the heart of Somerville! 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! Group Showing schedule for next week. Group Showing Friday 4:00-5:30 - Saturday 1:00-2:30.

Lot & Building Features

Appliances Dryer, Washer, Refrigerator, Range
Construction Frame
Cooling Central Air
Heating Central, Natural Gas
Sewer Public Sewer
Tax Year 2024
Taxes Paid $10,803
Water Public
Foundation Concrete Perimeter
Interior Features Kitchen
Roof Wood
Full Baths 4
Parking Paved, Paved Drive
Total Rooms 18
Basement Feature Full
Garage Spaces 2

Community and Schools

Elementary School Kesher
Senior High School High Somerville

Price History of 148-150-18 Pearl St, Somerville, MA

Date Name Price Difference
07/29/2024 Listing Price $1,999,999 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By

Low
$1,430,000
$449 / sqft
Average
$1,760,714
$565 / sqft
High
$2,140,000
$659 / sqft

Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Somerville 02145 9 4.0 $1,999,999 3,115 $642 N/A
25 Linden St Somerville 02143 9 4.0 $1,430,000 3,184 $449 02/09/2024
17 Dow St Somerville 02144 8 3.0 $1,700,000 3,112 $546 02/29/2024
146 Webster Ave Cambridge 02141 9 3.0 $1,730,000 2,976 $581 04/23/2024
22 Harris Rd Medford 02155 8 3.0 $1,625,000 2,985 $544 05/02/2024
11 Simpson Ave Somerville 02144 9 3.0 $1,900,000 3,057 $622 07/12/2024
7 Simpson Ave Somerville 02144 9 4.0 $1,800,000 3,252 $554 06/25/2024
755 Somerville Ave Somerville 02143 8 3.0 $2,140,000 3,249 $659 08/27/2024

Map of 148-150-18 Pearl St, Somerville, MA

Location Map Street View
Photo of Karen Spero
Karen Spero
REALTOR®
Direct: 603-548-5891
Office
185 Plaistow Road, Suite 1
Plaistow, NH 03865
603-382-0360 x14
Listed by Century 21 North East, Viviane Alvarenga
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148-150-18 Pearl St (MLS #73270853) is a multi-family listing located in Somerville, MA. This multi-family listing is 3,115 sqft and on a lot of 4,550 sqft (or 0.10 acres) with 9 bedrooms, 4 baths and is 114 years old. This property was listed on 07/29/2024 and has been priced for sale at $1,999,999.

The 9 bedroom multi-family listing at 25 Linden St in Somerville is nearby and sold for $1,430,000 on 02/09/2024. Another nearby 9 bedroom multi-family listing, 146 Webster Ave in Cambridge sold for $1,730,000 on 04/23/2024.

Nearby zip codes are 02129, 02139, 02141, 02143 and 02144. This property neighbors other cities such as Boston, Cambridge and Medford.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Century 21 North East

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.