76-78 Perkins Street, Somerville MA 02145
Somerville, MA 02145 • East Somerville
$5,500,000
Est. $32,211/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
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.
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Recently Sold Nearby
Property History
Market Insights
29.1%
Price Range
1
Previous Sales
Property Timeline
Listed for Sale
Sep 18, 2026
$5,500,000
Original listing
Agent: Justin Blankenship
Office: Fiv Realty Co
Previous Transaction - MLS #72734842
Full transaction history available when tracking began
Previously Sold
Dec 14, 2020
$3,900,000
MLS #72734842
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/18/2026 | 🏠 Listed for Sale | $5,500,000 | - | - | Original listing |
| 12/14/2020 | 🏷️ Previously Sold | $3,900,000 | - | - | MLS #72734842 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $50,397 | $4,589,900 |
Financial Details
Annual Property Tax
$50,397
Tax Year 2026
Assessed Value
$4,589,900
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
Stories
4
Bedrooms
24
Full Baths
12
Total Rooms
36
Investment Metrics
Units
6
Unit 1 Rent
$4,800/mo · Y
Unit 2 Rent
$4,800/mo · Y
Unit 3 Rent
$4,800/mo · Y
Unit 4 Rent
$4,800/mo · Y
Total Monthly Rent
$19,200/mo
Gross Income
$287,445
Net Operating Income
$202,216
Operating Expenses
$85,206
Cap Rate
3.68%
Interior
Heating
Baseboard, Natural Gas
Cooling
Window Unit(s)
Flooring
Wood
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Fireplace
None
Basement
Full, Concrete, Unfinished
Laundry
None
Features
Living Room, Kitchen, Laundry Room, Living Rm/dining Rm Combo
Exterior
Construction
None
Architecture
None
Roof
Rubber
Features
None
Pool
None
Spa
None
Fencing
Fenced
Patio/Porch
Porch, Covered
Parking
Features
On Street
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Gas Oven
Financial
Annual Tax
$50,397
Assessed Value
$4,589,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
[]
House Color
Beige
Sq Ft Source
Public Record
Sq Ft Disclosures
All square footage and measurement presumed accurate. Buyer(s) to perform due diligence to verify
Documents
None
County
Middlesex
Property Overview
Property Type
5-9 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
24
Full Bathrooms
12
Living Area
8,688 sq ft
Total Rooms
36
Stories
4
Levels
4
Floor Layout
Interactive room guide
Floor Layout
Finished Area
8,688 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch, Covered
Room Markers
OOffice (1)
KKitchen (1)
BRBedroom (5)
BABathroom (4)
DDining (1)
LLiving (2)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood
Appliances:
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Interior Features:
Living Room, Kitchen, Laundry Room, Living RM/Dining RM Combo
Windows:
Screens
Basement:
Full, Concrete, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Rubber
Foundation:
Stone
Stories:
4
Heating, Cooling & Utilities
Heating:
Baseboard, Natural Gas
Heating Zones:
6
Cooling:
Window Unit(s)
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Porch, Covered
Fencing:
Fenced
Other Structures:
Lot Features:
Zero Lot Line
Road Surface:
Paved
Parking & Garage
Parking Features:
On Street
Nearby Schools
School information not available for this location.
Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$4,200
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
East Somerville
76-78 Perkins Street, Somerville MA 02145
Somerville, MA 02145
Listing Information
Listing Agent
Justin Blankenship
Listing Office
Fiv Realty Co
Office Phone
781-365-7984
Agent MLS ID
CN213602
Office MLS ID
AN8709
Listing Data Updated
Sep 18, 2026 8:22 AM EDT
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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