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76-78 Perkins Street
Somerville, MA, 02145
$5,500,000
24 Beds
12 Baths
8,688 SqFt
0.17 Acres
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MLS #73579475 image #0
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.

Property Details

Price:
$5,500,000
MLS #:
73579475
Status:
Active
Beds:
24
Baths:
12
Type:
Multi Family
Subtype:
5-9 Family
Neighborhood:
eastsomerville
Listed Date:
Sep 18, 2026
Finished Sq Ft:
8,688
Total Sq Ft:
8,688
Lot Size:
7,405 sqft / 0.17 acres (approx)
Year Built:
1900
Units:
6
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Schools

Interior

Above Grade Finished Area
8688
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Bathrooms
12 Full Bathrooms
Cooling
Window Unit(s)
Flooring
Wood
Heating
Baseboard, Natural Gas
Interior Features
Living Room, Kitchen, Laundry Room, Living RM/Dining RM Combo
Levels
4

Exterior

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks
Fencing
Fenced
Lot Features
Zero Lot Line
Open Parking YN
1
Parking Features
On Street
Patio And Porch Features
Porch, Covered
Roof
Rubber
Stories
4
Window Features
Screens

Financial

Net Operating Income
$202,216
Tax Year
2026
Taxes
$50,397

Map

Community

Market Summary

Current real estate data for Multi Family in Somerville as of Sep 18, 2026
98
Multi Family Listed
145
Avg DOM
489
Avg $ / SqFt
$1,859,814
Avg List Price

Property Summary

    76-78 Perkins Street Somerville MA is a Multi Family for sale in Somerville, MA, 02145. It is listed for $5,500,000 To schedule a showing of MLS#73579475 at 76-78 Perkins Street in Somerville, MA, contact your Cornerstone Real Estate agent at 617-238-7400.

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