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76-78 Perkins Street, Somerville MA 02145

Active

76-78 Perkins Street, Somerville MA 02145

$5,500,000

Estimated $13,118/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $916,666.67

Total Rent: 230400/year

Estimated CAP Rate:

24 Bedrooms

Baths

8688

Total Parking: 0

7,405 (0.17)

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.

This home has been viewed 12 times

Last Checked: September 19th, 2026 at 7:33am (Source: MLS PIN #73579475)

Gross Income: $230,400

Gross Expenses: $50,397

Net Income Calc: $180,003

Annual Expenses for 76-78 Perkins Street, Somerville MA 02145

Total Gross Expenses (Calculated)$50,397/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax50397.1

Annual Income & Unit Breakdown for 76-78 Perkins Street, Somerville MA 02145

Total Gross Income (Calculated)$230,400

Unit 1

Rental Income$0

LeaseY

Bedrooms4

Bathrooms4 Full

Floor1

Levels in Unit0

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms4

Bathrooms4 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseY

Bedrooms4

Bathrooms4 Full

Floor3

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseY

Bedrooms4

Bathrooms4 Full

Floor1

Levels in Unit1

Rent IncludesHeat

General Information for 76-78 Perkins Street, Somerville MA 02145

Listing ID73579475

Property TypeMulti Family / 5+ Family

Price5500000 ($633.06/SqFt)

Style5-9 Family

CitySomerville

CountyMiddlesex

MLS AreaEast Somerville

Neighborhood(s)

Approximate Living Area Total8688

Approximate Lot Size (Acres)0.17

Total Parking0

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual,Renovated Since

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningUR

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 76-78 Perkins Street, Somerville MA 02145

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSee Broker

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 76-78 Perkins Street, Somerville MA 02145

Real Estate Taxes50397.1

Tax Year2026

Assessed Value$4,589,900

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 76-78 Perkins Street, Somerville MA 02145

Neighborhood(s)

MLS AreaEast Somerville

Area AmenitiesWalk/jog Trails

Contact Information for 76-78 Perkins Street, Somerville MA 02145

Agent

Name: Justin Blankenship

Office

Name: Fiv Realty Co

Phone: 781-365-7984

Payment Calculator

, Interest

Property Taxes 4199.76

Principal & Interest 33889.25

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Fiv Realty Co

Justin Blankenship

Agent Phone

Office Phone

(781) 365-7984

Text Agent Call Agent Call Office

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    [unparsed] => 76-78 Perkins Street, Somerville MA 02145
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EXIT

36 More Photos

Active

76-78 Perkins Street, Somerville MA 02145

$5,500,000

Annual Expenses for 76-78 Perkins Street, Somerville MA 02145

Annual Income & Unit Breakdown for 76-78 Perkins Street, Somerville MA 02145

General Information for 76-78 Perkins Street, Somerville MA 02145

Disclosures for 76-78 Perkins Street, Somerville MA 02145

Financial Information for 76-78 Perkins Street, Somerville MA 02145

Location Information for 76-78 Perkins Street, Somerville MA 02145

Contact Information for 76-78 Perkins Street, Somerville MA 02145

Agent

Office

Payment Calculator

Exclusive Listing Agent

Fiv Realty Co

Justin Blankenship