

Listed by CENTURY 21 Realty Network
$1,999,900
159 Pearl Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,500
Net Rentable (SqFt) 7,500
Units 8
Class B
Year Built 1900
Year Renovated 1975
Buildings 2
Stories 2
Acreage 0.190
Parking Spaces 8 spaces
Parking Per SqFt 1.45
Investment Type Owner/User
4 Units in 2 Buidings
Marketing description
Rare opportunity in sought-after Somerville! This unique offering features two separate 2-family homes on one lot, owned and cared for by the same family for decades. The property is fully occupied with long-term tenants, resulting in below-market rents. This offers significant upside potential for investors or owner-occupants. While configured as a four-unit property, there is additional finished space in the lower levels offering flexibility and added utility (buyers to perform their own due diligence). One unit will be delivered vacant, providing an excellent opportunity for owner occupancy or immediate rent adjustment. A standout feature is the ample off-street parking, a rare find in this location. Paved driveway on both sides for easy entry/exit for tenants. Conveniently located near major routes, public transportation, shopping, and dining. Strong income potential with value-add opportunity in a high-demand market.
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Listed by CENTURY 21 Realty Network
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Zoning
NR ResidentialMulti FamilyNeighborhood Residential
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