
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.
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.
Immersive Experience
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl First12 x 13
Flooring - Wood
Dining Room
Lvl First12 x 13
Flooring - Wood
Kitchen
Lvl First12 x 16
Flooring - Wood
Office
Lvl First12 x 8
Flooring - Wood
Primary Bedroom
Lvl First11 x 10
Flooring - Wood
Bedroom 2
Lvl First11 x 9
Bathroom 1
Lvl First8 x 5
Flooring - Stone/Ceramic Tile
Listing Agent: Thalia C. Tringo
Listing Office: Thalia Tringo & Associates Real Estate, Inc.
MLS® Number: 73584159








