159 Pearl Street Somerville — Photo 1 of 42
Recent Drop: $25,000
$1,974,900
Investment Analysis — 159 Pearl Street
Somerville, MA 02145 — East Somerville
Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for 1 vacant unit, a 4-unit multi-family in 02145 carries an estimated $8,870/mo in gross rent — about a 3.09% cap rate and $61,094/yr in estimated NOI at the $1,974,900 list price. Adjust every assumption in the calculator below.
Beds
15
Baths
6.5
SqFt
7,500
Style
4 Family
Built
1900
OPEN HOUSE SATURDAY, 9/19 | 11:30 AM–1:00 PM 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.
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 MLS and other third-party data may be inaccurate or out of date.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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator • Microwave
Neighborhood
Public Transportation • Shopping • Medical Facility • House of Worship • T-Station • Sidewalks
Geography
Property History
$1,974,900
Was $1,999,900
Jul 8, 2026
MLS® 73515418
$1,999,900
Was $1,974,900
Jul 8, 2026
MLS® 73515418
$1,974,900
Was $19,749,000
Jul 8, 2026
MLS® 73515418
$19,749,000
Was $1,999,900
Jul 8, 2026
MLS® 73515418
$1,999,900
May 8, 2026
MLS® 73515418
Listing Agent: Kevin Fernandes
Listing Office: Century 21 Realty Network
MLS® Number: 73515418