76-78 Perkins Street, Somerville, MA 02145

Somerville
Local realty services provided by:ERA Millennium Real Estate
76-78 Perkins Street,Somerville, MA 02145
$5,500,000
  • 24 Beds
  • 12 Baths
  • 8,688 sq. ft.
  • Multi-family
  • Active
Listed by: justin blankenship
Office: fiv realty co
MLS#:73579475
Source:MLSPIN

Price summary

  • Price:$5,500,000
  • Price per sq. ft.:$633.06

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...

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Home facts

  • Year built:1900
  • Listing ID #:73579475
  • Updated:September 28, 2026 at 12:21 PM

Rooms and interior

  • Bedrooms:24
  • Total bathrooms:12
  • Full bathrooms:12
  • Rooms Total:36
  • Flooring:Wood
  • Dining Description:Living Room/Dining Room Combo
  • Kitchen Description:Dishwasher, Disposal, Freezer, Kitchen, Microwave, Range, Refrigerator
  • Basement Description:Concrete, Full, Unfinished
  • Living area:8,688 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Baseboard, Natural Gas

Structure and exterior

  • Roof:Rubber
  • Year built:1900
  • Building area:8,688 sq. ft.
  • Lot area:0.17 Acres
  • Lot Features:Zero Lot Line
  • Exterior Features:Covered, Porch
  • Foundation Description:Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$5,500,000
  • Price per sq. ft.:$633.06
  • Tax amount:$50,397 (2026)

Features and amenities

  • Appliances:Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
  • Laundry features:Dryer, Washer

Parking

  • Parking description:On Street
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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