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40 Porter Street #1 Somerville — Photo 1 of 37

40 Porter Street #1 Somerville — Photo 1 of 37

$839,000

Investment Analysis — 40 Porter Street #1

Somerville, MA 02143 — Spring Hill

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02143 carries an estimated $3,470/mo in gross rent — about a 3.02% cap rate and $25,333/yr in estimated NOI at the $839,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

1

SqFt

1,050

Style

Condominium

Built

1900

This bright, beautiful 2 bedroom + office has central air, newly refinished wood floors, a large private parking area, and a generously-sized yard and patio shared with the other unit. The private front entry opens to a mudroom with shelves. To the right are french doors opening to the sunken office with light streaming in from 3 sides. Another set of french doors in the office leads into the living room which offers space to entertain or relax.  The dining room has three windows and a built-in china cabinet. Just beyond it is the kitchen, which features stainless steel appliances (stove, refrigerator, dishwasher, microwave), a tiled backsplash, pendant lights, maple cabinets, stone counters, and a pot filler faucet over the gas stove. An alcove at the rear of the kitchen contains a stacked washer and dryer. At the front entry, a third  french door leads from the mudroom to an interior foyer and a hallway leading to the coat closet, both bedrooms, and full bath. Both bedrooms face south along a private way, providing light and privacy. The tiled bathroom has a high window. The back hall from the kitchen leads to the basement door as well as the door to the rear porch, parking, and large common yard. The private storage area for Unit 1 is large (365 sq.ft.) with shelf storage. The entire right side of the wide driveway, closest to the house, belongs to Unit 1 and easily fits 2 cars. Beyond the driveway lies the common yard, which looks like a small private park, with trees, lawn, and patio. Porter St. is a short walk to Porter Sq. Red Line/commuter rail and shops. It is also within walking distance of Davis, Ball, and Magoun Sq. T stops, the Somerville Community Path, restaurants, theaters, and nightlife. Tufts, MIT, and Harvard universities can be reached by bike, foot, public transit, or car.

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$839,000
Annual Taxes$5,112.95
HOA Fee$100

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms6
FireplacesNone
FlooringWood, Tile
BasementY

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningNR

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Walk/Jog Trails • Bike Path • Highway Access

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenOfficePrimary BedroomBedroom 2Bathroom 1
Living Room
Lvl First

12 x 13

Flooring - Wood

Dining Room
Lvl First

12 x 13

Flooring - Wood

Kitchen
Lvl First

12 x 16

Flooring - Wood

Office
Lvl First

12 x 8

Flooring - Wood

Primary Bedroom
Lvl First

11 x 10

Flooring - Wood

Bedroom 2
Lvl First

11 x 9

Bathroom 1
Lvl First

8 x 5

Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Thalia C. Tringo

Listing Office: Thalia Tringo & Associates Real Estate, Inc.

MLS® Number: 73584159