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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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76-78 Perkins St , Somerville, MA 02145
$5,500,000
Est. Payment: $30,015.76/mo
24 Bed
12 Bath
8688 Sqft
0.17 Acres
Status: active | Days on site: 43
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House Description

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.

Highlights

Listed by Justin Blankenship , 617-918-7419 Fiv Realty Co , 781-365-7984. MLS Property Information Networks, Inc.

Property Type

Multi-Family

Lot/Acreage
0.17

Year Built

1900

County

Middlesex

Area

East Somerville

Listing ID

73579475

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:24
  • ▪ Bathrooms:12
  • ▪ Full Bathrooms:12
Appliances:Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Air Cond:Window Unit(s)
Fireplaces:
Floor:Wood
Other:
  • ▪ Additional:Living Room, Kitchen, Laundry Room, Living RM/Dining RM Combo
Water:Public

Exterior Features

Lot:Zero Lot Line
Garage Capacity:0
Zoning:UR
Roof:Rubber
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$30,016
Taxes
$4,200

Home Price

$5,500,000

Loan Details

30 yrs
7.25%

Down Payment

20%
$1,100,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$30,015.76

Principal

Taxes

Principal Taxes HOA Total
Monthly $30,015.76 $4,199.76 $0.00 $34,215.51
Yearly $360,189.08 $50,397.10 $0.00 $410,586.18
Total $10,805,672.28 $1,511,913.00 $0.00 $12,317,585.28

Today's Rates

30 Year

7.25%

20 Year

7.03%

15 Year

6.68%

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Market insight data is pulled from the same city as the listing being viewed (Somerville, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.

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Data last updated: 2026-10-31T20:45:34.000Z

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