$1,875,000
15
Beds
6/1
Baths
7,500
Living Area
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Property Description
RARE EAST SOMERVILLE INVESTMENT OPPORTUNITY! Two separate two-family homes on one lot, offering four total units and tremendous potential. The front home is completely vacant, and the rear home can be delivered vacant at closing, giving the new owner exceptional flexibility. An outstanding opportunity for investors, developers, owner-occupants, or a potential condo conversion, subject to buyer due diligence and all necessary approvals. Two separate driveways provide valuable off-street parking. Located at 159 Pearl Street in highly walkable East Somerville, close to the Green Line, Orange Line, Assembly Row, neighborhood restaurants, shopping, grocery stores, and everything Somerville has to offer, with convenient access to Boston and surrounding areas. A unique opportunity to renovate, reposition, and maximize the potential of four units in one of Greater Boston’s most desirable and sought-after locations.
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Highlights
- Area: East Somerville
- Heating: Baseboard, Natural Gas, Central
- Parking Spots: 8
- Property Type: 4 Family
- Total Rooms: 28
- Status: Active
- Cooling: Central Air
- Levels: 6
- Property Class: Residential Income
- Stories: 6
- Year Built: 1900
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Additional Details
- Appliances: Range, Refrigerator, Microwave
- Construction: Frame
- Flooring: Tile, Vinyl, Carpet, Varies, Hardwood
- Interior Features: Living Room, Dining Room, Kitchen, Family Room
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate, Renovated Since
- Zoning: Rb
- Basement: Full, Partially Finished, Interior Entry, Concrete
- Exterior Features: Rain Gutters
- Foundation: Concrete Perimeter, Irregular
- Lot Features: Level
- Roof: Shingle, Slate, Rubber
- Total Number of Units: 4
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Medical Facility, House of Worship, T-Station, Sidewalks
- Parking Features: Paved Drive, Off Street, Tandem, Common, Paved
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Utilities
- Electric: Circuit Breakers, 100 Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,614,900
- Tax Year: 2025
- Total Rent: $4,850
- Rental Fee Includes: Unit 1(Water, Other (See Remarks))
- Taxes: $19,800
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