BEDS24
BATHS12 full
SQUARE FEET8,688
MLS#73579475
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
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 Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Concrete, Unfinished
Cooling: Window Unit(s)
Fenced: Yes
Heating: Baseboard, Natural Gas
Lot Size: 0.17 Acres
Roof Type: Rubber
Stories: 4.0
Taxes: $50,397
Year Built: 1900
Amenities
Living Room
Kitchen
Laundry Room
Living RM/Dining RM Combo
Feature Descriptions
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Building Area Total: 8688
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
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 1
Dwelling Type: 5-9 Family
Fencing: Fenced
Flooring: Wood
HeatingY/N: 1
Lot Features: Zero Lot Line
Open Parking Y/N: Yes
Parking Features: On Street
Parking Total: 0
Patio And Porch: Porch, Covered
Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Road Responsibility: Public Maintained Road
Rooms Total: 36
Sewer: Public Sewer
Units: 6
Utilities: for Gas Range, for Gas Oven
Water: Public
Window Features: Screens
Listed By / Shown By
Listed By
Agency Name: Fiv Realty Co
Agent Name: Justin Blankenship
Agency Phone: 781-365-7984
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 18,044.53 per month $12,240.62 Principal & Interest $4,199.75 Property Tax $1,604.17 Homeowner's Insurance
76-78 Perkins Street | MLS# 73579475
This multi-family property located at 76-78 Perkins Street, Somerville, MA 02145 is currently listed for sale with an asking price of $5,500,000. Search Somerville real estate on www.masiellogrouprealestate.com today.