76 Perkins St Somerville, MA 02145
East Somerville NeighborhoodEstimated payment $35,251/month
24
Beds
12
Baths
8,688
Sq Ft
$633
Price per Sq Ft
Highlights
- Medical Services
- 0.17 Acre Lot
- Wood Flooring
- Somerville High School Rated A-
- Property is near golf course, public transit, and schools
- 1-minute walk to Perkins Playground
About This Home
Stability, scale and a long runway for capital improvements define 76-78 Perkins Street, a fully occupied six-family positioned for investors seeking durable cash flow without an immediate value-add or CapEx story. The property contains six oversized 4BR/2BA residences averaging approx. 1,448 SF, each with in-unit laundry, stainless appliances, granite counters, hardwood floors, recessed lighting and updated baths. Each apartment is leased under a single 12-month lease at $4,800/month through 8/31/27 - $28,800/month in scheduled rent with an annual gross of $345,600 - providing immediate income and unusually consistent lease stability across the asset. Comprehensively renovated in 2018, the building has benefited from substantial capital investment: electrical upgraded to 400 AMP service, plumbing and water heaters updated in 2018, vinyl siding replaced in 2017, flat rubber membrane roof replaced in 2022, plus new sidewalks and six Burnham boilers installed in 2026. The result is a well-maintained, turnkey asset with no known major capital project on the immediate horizon and a strong runway before significant work is anticipated. Location reinforces the investment case. Sullivan Square Orange Line is approx. 0.3 miles away, with Assembly Station also nearby, offering two convenient Orange Line options. I-93 and Route 1 are easily accessible, while Downtown Boston is roughly 2 miles away. Residents are minutes from Assembly Row, Inman Square, Cambridge Crossing, Hood Park, Encore Boston Harbor and the Mystic River. The immediate area continues to attract major public and private investment through additional Assembly Row development, ongoing Cambridge Crossing and Hood Park buildout, the planned Rutherford Ave/Sullivan Square transformation and the proposed New England Revolution waterfront stadium in Everett. A rare opportunity to acquire six-unit diversification, highly rentable oversized layouts and a stabilized income stream in one of Greater Boston's most supply-constrained multifamily markets.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $50,397
Year Built
- Built in 1900
Lot Details
- 7,405 Sq Ft Lot
- Fenced
- Zero Lot Line
Home Design
- Stone Foundation
- Rubber Roof
Interior Spaces
- 8,688 Sq Ft Home
- 4-Story Property
- Window Screens
- Combination Dining and Living Room
- Wood Flooring
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Microwave
- Freezer
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 24 Bedrooms
- 12 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- On-Street Parking
- Open Parking
Utilities
- Window Unit Cooling System
- 6 Heating Zones
- Heating System Uses Natural Gas
- Baseboard Heating
Additional Features
- Covered Patio or Porch
- Property is near golf course, public transit, and schools
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
Community Details
Overview
- 6 Units
- Near Conservation Area
Amenities
- Medical Services
- Shops
Recreation
- Tennis Courts
- Community Pool
- Park
- Jogging Path
- Bike Trail
Building Details
- Operating Expense $85,206
- Net Operating Income $202,216
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $48,499 | $4,445,400 | $563,500 | $3,881,900 |
| 2024 | $46,644 | $4,433,800 | $563,500 | $3,870,300 |
| 2023 | $44,884 | $4,340,800 | $563,500 | $3,777,300 |
| 2022 | $40,366 | $3,965,200 | $536,600 | $3,428,600 |
| 2021 | $37,541 | $3,684,100 | $511,100 | $3,173,000 |
| 2020 | $35,450 | $3,513,400 | $491,500 | $3,021,900 |
| 2019 | $31,190 | $2,898,700 | $399,900 | $2,498,800 |
| 2018 | $23,006 | $2,034,100 | $363,500 | $1,670,600 |
| 2017 | $16,370 | $1,402,700 | $342,900 | $1,059,800 |
| 2016 | $16,700 | $1,332,800 | $241,000 | $1,091,800 |
| 2015 | $18,285 | $1,450,000 | $239,600 | $1,210,400 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/18/2026 09/18/26 | For Sale | $5,500,000 | +41.0% | $633 / Sq Ft | |
| 12/14/2020 12/14/20 | Sold | $3,900,000 | -8.2% | $449 / Sq Ft | View Prior Sale |
| 11/27/2020 11/27/20 | Pending | -- | -- | -- | |
| 09/30/2020 09/30/20 | For Sale | $4,250,000 | -- | $489 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | $3,900,000 | None Available | |
| Quit Claim Deed | $2,250,000 | -- | |
| Quit Claim Deed | $1,544,685 | -- | |
| Deed | $950,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $250,000 | Unknown | |
| Previous Owner | $1,625,000 | Commercial |
Source: Public Records
About the Listing Agent
I’m a North Andover-based Realtor with over 10 years of experience serving buyers, sellers, and investors throughout Andover, the North Shore, and Greater Boston. Over the course of my career, I’ve helped clients successfully close more than 100 home sales and assisted hundreds more with rentals and investment properties across Eastern Massachusetts.
Before joining Kadilak Realty Group under Fiv Realty Co., I owned and operated a boutique brokerage and a property management company,
Justin's Other Listings
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73579475
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, 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, 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. 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.
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