76-78 Perkins Street, Somerville MA 02145

Somerville, MA 02145 • East Somerville
$3,900,000
24
Beds
12
Baths
8,688
Sq Ft
$449
Price/Sq Ft
0.17
Acres
1900
Year Built
57
Days on Market
Sold Listed Sep 30, 2020 • MLS# 72734842 Copied! • Updated Dec 17, 2020

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Sale Statistics

Sale Overview
Original List Price: $4,250,000
Final Sale Price: $3,900,000
Difference: $350,000 (-8.2%)
Performance Metrics
91.8%
List to Sale Ratio
Sold below asking price
57
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $489
Sale $/sq ft: $449
This property sold for $449 per square foot
Sale Summary

This property sold for 8.2% below the original asking price.

The property spent 57 days on market before selling.

About this home

Completely renovated in 2018, 76-78 Perkins Street is a boutique, 6-unit apartment building that offers condo quality finishes and unparalleled commuter access. The 100% occupied property boasts six (6) spacious, four (4) bed, two (2) bath apartments homes that each feature stainless steel appliances as well as in unit washers and dryers, all located steps from the MBTA’s Sullivan SQ Station. Strategically located in one of the most rapidly evolving neighborhoods in the Greater Boston area, the property is surrounded by multiple on-going and upcoming transformative developments, such as Assembly Row, Encore Boston Resort and Casino, Cambridge Crossing, Hood Park, and the Green Line Extension. 76 Perkins offers a rarely available, cash-flowing, turnkey investment opportunity, located in a historically, high barrier to entry market. Current rent roll brings in more than $300,000+ annually and offers very strong in-place yield - approx. 5.5% CAP rate and north of a 9% Cash on Cash return.

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Recently Sold Nearby

Property History

Market Insights

29.1%
Price Range
58
Total Days on Market

Property Timeline

Current Active Listing - MLS #73579475
Full transaction history available when tracking began
🏡
Currently Listed
Sep 18, 2026
$5,500,000
MLS #73579475 - Active
Sold
Dec 14, 2020
$3,900,000
Property sold
Days on Market: 58
🏠
Listed for Sale
Sep 30, 2020
$4,250,000
Original listing
Agent: Christopher Sower Office: Colliers International

Tax History

Year Taxes Assessment
9999 $9,999 $9,999

Financial Details

Annual Property Tax
$9,999
Tax Year 9999
Assessed Value
$9,999

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1900
Living Area 8,688 sq ft
Lot Size 0.17 acres
Bedrooms 24
Full Baths 12
Total Rooms 56

Investment Metrics

Units 6
Unit 1 Rent $9,999/mo · Y
Unit 2 Rent $9,999/mo · Y
Total Monthly Rent $19,998/mo
Gross Income $999
Net Operating Income $999
Cap Rate 0.02%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction Frame
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch Porch, Deck
Features On Street
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $9,999
Assessed Value $9,999
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Measured
Documents None
County Middlesex
Total market time (incl. prior listings) 58 days

Property Overview

Property Type
5-9 Family
Listing Type
Sold
Year Built
1900
Bedrooms
24
Full Bathrooms
12
Living Area
8,688 sq ft
Total Rooms
56
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials: Frame
Roof: Rubber
Foundation: Concrete Perimeter
Stories: 3

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Porch, Deck
Fencing:
Other Structures:
Lot Features: Other
Road Frontage: 70.00 ft
Road Surface:

Parking & Garage

Parking Features: On Street
School District
Somerville School District local
B-
School Safety 2024-25
2.5% Average
1.4% Suspensions 2.2% In-School 1.1% Emergency
3.0% below state avg
E

Elementary Schools

9 schools
C+
East Somerville Community School
0.4 mi | #244 of 352 | Score: 36.9
Improved 7 spots from last year
-21.3 below state avg
743 students Diverse
Grades PK-08
C-
Winter Hill Community School
0.5 mi | #291 of 352 | Score: 32.3
Dropped 19 spots from last year
-25.9 below state avg
361 students Diverse
Diverse Student Body
Grades PK-08
B+
Albert F. Argenziano School at Lincoln Park
1.1 mi | #137 of 352 | Score: 45.4
Improved 37 spots from last year
-12.8 below state avg
548 students Diverse
Rising School Diverse Student Body
Grades PK-08
C+
Arthur D Healey School
1.2 mi | #237 of 352 | Score: 37.4
Improved 26 spots from last year
-20.8 below state avg
461 students Diverse
Rising School Diverse Student Body
Grades PK-08
St. Theresa of the Child Jesus School
1.5 mi
Grades PK-08
A
John F Kennedy School
1.9 mi | #49 of 352 | Score: 57.2
Improved 6 spots from last year
-1 below state avg
474 students Diverse
Grades PK-08
Capuano Early Childhood Center
0.4 mi
240 students Very Diverse
Diverse Student Body
Grades PK-01
A+
Benjamin G Brown School
2.0 mi | #82 of 825 | Score: 60.2
Dropped 65 spots from last year
+2 above state avg
230 students Diverse
Strong Attendance
Grades K-05
Tufts Educational Day Care Center
2.6 mi
Grades PK-K
M

Middle Schools

1 school
Next Wave Junior High School
0.9 mi
11 students Diverse
Diverse Student Body
Grades 06-08
H

High Schools

2 schools
F
Full Circle High School
0.9 mi | #334 of 346 | Score: 23.6
Improved 32 spots from last year
-34.6 below state avg
60 students Diverse
Rising School Career Tech Programs College Ready Curriculum Diverse Student Body
Grades 09-12
B+
Somerville High School
0.9 mi | #125 of 346 | Score: 58.3
Improved 117 spots from last year
+0.1 above state avg
1,367 students Diverse
17 sports • 1,566 athletes
Strong AP Program High Graduation Rate Rising School Career Tech Programs
Grades 09-12
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Location

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Neighborhood

East Somerville

76-78 Perkins Street, Somerville MA 02145

Somerville, MA 02145

Listing Information

Listing Agent Christopher Sower
Listing Office Colliers International
Office Phone 617-330-8000
Agent MLS ID CT003909
Office MLS ID AC2397
Listing Data Updated Dec 17, 2020 2:10 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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