This well-maintained 2-family home offers excellent opportunity for multi-generational living, investors, or anyone seeking additional rental income. The first-floor apartment features 5 rooms, 2 bedrooms, 1 full bath, and sun filled formal living and dining rooms. The second & third floors comprise a large, duplex-style apartment w 5 bedrooms, an office & 2 full baths, providing plenty of space and privacy. The basement was finished by prior owners including a full bath and kitchenette that could likely be rented as part the first-floor apartment. Unusually large driveway comfortably fits at least 6 cars, plus a convenient shed in the rear for extra storage. Ideal location around the corner from Highland Kitchen and just half a mile to the Gilman T stop, offering easy access to public transportation, dining & coffee options. Property to be delivered vacant.
This home has been viewed 130 times
Last Checked: May 3rd, 2025 at 4:19am (Source: MLS PIN #73333860)
Gross Income: $78,000
Gross Expenses: $12,921
Net Income Calc: $65,079
CAP Rate: 3.83%
Annual Expenses for 71 Berkeley St, Somerville MA 02143
Total Gross Expenses (Calculated)$12,921/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$12,921
Annual Income & Unit Breakdown for 71 Berkeley St, Somerville MA 02143
Total Gross Income (Calculated)$78,000
Unit 1
Rental Income$2,500
LeaseN
Bedrooms2
Bathrooms2 Full
Floor1
Levels in Unit2
HeatingNo
Rent Includes
Unit 2
Rental Income$4,000
LeaseN
Bedrooms5
Bathrooms2 Full
Floor2
Levels in Unit2
HeatingNo
Rent Includes
General Information for 71 Berkeley St, Somerville MA 02143
Listing ID73333860
Property TypeMulti Family
Price$1,699,000 ($370.31/SqFt)
StyleMulti Family
CitySomerville
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total4,588 SqFt
Approximate Lot Size (Acres)0.11 acres
Total Parking6
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot Features
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor SpacePorch
ZoningRA
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 71 Berkeley St, Somerville MA 02143
Lead Paint
UFFI
Living Area Includes BasementYes
Living Area DisclosureFor informational purposes only. All measurements
Building Area SourceMeasured
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$30,000
Total Net Income By Broker$30,000
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnCompensation Offered But Not In Mls
Financial Information for 71 Berkeley St, Somerville MA 02143
Real Estate Taxes$12,921
Tax Year2024
Assessed Value$1,228,200
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$30,000
BostonRealEstate.com Gross Income
Total Net Income By Broker$30,000
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)3.83%
Location Information for 71 Berkeley St, Somerville MA 02143
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Bike Path, Public Transportation, T-station, University
Contact Information for 71 Berkeley St, Somerville MA 02143