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31 Adrian Street Somerville — Photo 1 of 24

31 Adrian Street Somerville — Photo 1 of 24

$1,499,000

Investment Analysis — 31 Adrian Street

Somerville, MA 02143

Based on rent reported on the MLS listing, a 2-unit multi-family in 02143 carries $8,450/mo in gross rent — about a 4.43% cap rate and $66,356/yr in estimated NOI at the $1,499,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

6

Baths

2.5

SqFt

2,394

Style

2 Family - 2 Units Up/Down

Built

1900

Turnkey Two-Family Steps from Union Square! Extensively updated in 2023, this bright up/down two-family offers flexible living and income potential just steps from Union Square, the Green Line and Lincoln Park. Unit 1 is a first-floor 2-bedroom, 1-bath residence. Unit 2 is a spacious 4-bedroom, 1.5-bath duplex on the second and third floors, with a bonus room ideal for a home office, study or guest space. Both units feature updated kitchens with new cabinetry and stainless steel appliances, including dishwasher, microwave and disposal, updated bathrooms, hardwood floors, in-unit washer and dryer and a private composite deck. Additional updates include new windows (2023), two high-efficiency gas heating systems with 3 zones, a paver patio with evergreen landscaping and basement waterproofing. Outside, enjoy a large, fenced shared backyard, perfect for relaxing or entertaining. Unit 2 is vacant and ready for an owner-occupant to move right in, while Unit 1 provides income with a lease in place through June 2027. Unbeatable location near Union Square's acclaimed restaurants, cafes and shops, Bow Market and the Union Square Green Line station, with easy access to Harvard, MIT, Tufts, Kendall Square, Assembly Row and downtown Boston. A rare opportunity to own a move-in ready two-family in one of Somerville's most vibrant neighborhoods.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

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Property Details

Financials

Original Price$1,499,000
Annual Taxes$10,708

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms11
FireplacesNone
FlooringHardwood
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationStone, Brick/Mortar
ZoningNR

Property & Lot

Acres0.06
SqFt Lot2,618
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat

Geography

Listing Provided By

Listing Agent: Thayanne Kozak

Listing Office: Kozak Rittmann LLC

MLS® Number: 73583583