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Home Massachusetts Multi-Family Homes for Sale

159 Pearl Street Somerville, MA 02145
NEW
42
$1,999,900
Total Beds: 15 Total Baths: 7
Total Units: 4 SQFT: 7500
LOT size: 0.19 Acres
159 Pearl Street
Somerville, MA 02145
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Property Description

*** OPEN HOUSE, SATURDAY 5/16 - 11:00AM -12:30PM *** Rare opportunity in sought-after Somerville! This unique offering features two separate 2-family homes on one lot, owned and cared for by the same family for decades. The property is fully occupied with long-term tenants, resulting in below-market rents. This offers significant upside potential for investors or owner-occupants. While configured as a four-unit property, there is additional finished space in the lower levels offering flexibility and added utility (buyers to perform their own due diligence). One unit will be delivered vacant, providing an excellent opportunity for owner occupancy or immediate rent adjustment. A standout feature is the ample off-street parking, a rare find in this location. Paved driveway on both sides for easy entry/exit for tenants. Conveniently located near major routes, public transportation, shopping, and dining. Strong income potential with value-add opportunity in a high-demand market.
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Property Details

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 15
  • Total Full Baths: 6
  • Total Half Baths: 1
  • Amenities: House of Worship, Medical Facility, Public Transportation, Shopping, T-Station
  • Basement Features: Concrete Floor, Full, Interior Access, Partially Finished
  • Common Rooms: Dining Room, Family Room, Kitchen, Living Room
  • Common Interior Features: Tile Floor
  • Common Appliances: Microwave, Range, Refrigerator, Washer Hookup
  • Common Heating: Central Heat, Electric, Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard
  • Common Cooling: Central Air

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 58200
  • Gross Expenses: 8702
  • Water/Sewer: 8259
  • INSC: 8702
  • Net Operating Income: 41239

Utilities

  • Heat Zones: 6
  • Cooling Zones: 1
  • Electric Info: 100 Amps, Circuit Breakers, Other (See Remarks), Underground
  • Energy Features: Insulated Doors, Insulated Windows, Storm Doors
  • Utility Connections: Varies per Unit, Washer Hookup, for Electric Oven, for Electric Range, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Other (See Remarks), Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Unit 3 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1900
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Irregular, Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber, Shingle, Slate
  • Flooring Type: Hardwood, Tile, Vinyl, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73515418
  • Last Updated: 05/08/26
  • Terms: Contract for Deed, Rent w/Option

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Map

Seller's Representative: Kevin Fernandes, Century 21 Realty Network
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-05-08 14:38:00

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