148 Pearl Street

Somerville, MA 02145

$1,897,700
Price
9
Beds
4
Baths
3,115 Sq. Ft.
$609 / Sq. Ft.
3,115
Sq. Ft.
$609
per Sq. Ft.

Description

A very unique investment opportunity in the heart of Somerville! 4 units Entrance trough Pearl and Flint St /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...A very unique investment opportunity in the heart of Somerville! 4 units Entrance trough Pearl and Flint St /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! Deliver vacant
  1. Listed by Viviane Alvarenga • Century 21 North East

Property Details for 148 Pearl Street

Town
Somerville
Area
MA-Somerville
Garage Spaces
2
Parking Spaces
6.00
Parking Spaces Total
8
LISTING UPDATED: 10/19/2024 11:13 AM

Property Details for 148 Pearl Street

StatusActive
MLS #73270853
Days on Market99
Taxes$10,803 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1910
CountyMiddlesex County

Building Information for 148 Pearl Street

Stories3Residences4Year Built1910Building Size-Lot Size0.10 AC / 4,550 SF

Property Information for 148 Pearl Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station
  • Living Area: 3115.0
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Location/School
  • Grade School: Kesher
  • High School: High Somerville
Features
Interior Features
  • Appliances: Range, Refrigerator, Washer, Dryer
  • Basement Features: Full
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Hardwood
  • Interior Features: Kitchen
  • SpaYN: No
  • Window Features: Picture Window
Exterior Features
  • Construction: Frame
  • Roof Material: Wood
Parking Features
  • Covered Spaces: 2.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Paved Driveway
  • Parking Features: Paved Driveway
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Central
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Buyer and Buyer agent to perform their own due diligence.All information provided could be subject to errors.Seller reserve right to accept an offer at anytime. Call for more information on rentals.Per occupancy certificate and smoke certificate Builduing is 4 units.DELIVER VACANT
Tax Information
  • Assessments: $1,026,900
  • Block: B
  • Book: 20840
  • Lot: 5A & 6
  • Map: 92
  • Tax Year: 2024
  • Zoning: RB
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Concrete Perimeter
Income / Expenses
  • GOI: $90,000.00
  • NOI: $90,000.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: N
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Selling Broker Comp: 0
  • Other Agent Compensation: 2

Property History for 148 Pearl Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 148 Pearl Street

Taxable ValueLand$429,300Additions$597,600Total$1,026,900
Tax Record2024$10,803 ($900 / month)
Home Facts
Baths3Total Finished SqFt3,115 SqFtAbove Grade Finished SqFt3,115 SqFtStories2Lot Size4,550 SqFtStyleTriplexYear Built1910ZoningRBCountyMIDDLESEXAPNSOME M:92 B:B L:6

Schools near 148 Pearl Street

This home is within Somerville School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
E Somerville Community
PublicPK to 8

Somerville High School
Public9 to 12

Next Wave Junior High School
Public7 to 8

Full Circle High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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148 Pearl Street is a multi-family home for sale in Somerville, MA 02145. This property was listed for sale on July 29, 2024 by Century 21 North East, it's currently listed at $1,897,700. It has been on the market for a total of 99 days and was last sold on October 29, 1990. This listing's school district is Somerville School District. Nearby schools include E Somerville Community, Somerville High School and Next Wave Junior High School. 148 Pearl Street is a 9-bed, 4-bath, 3,115 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 North East, Viviane Alvarenga

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.