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About this property
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.
Property details
| Units | 4 |
| Living area | 7,500 sqft |
| Lot size | 8,190 sqft |
| Year built | 1900 |
| Price / sqft | $267 |
| County | Middlesex |
| MLS # | 73515418 |
Listing status
| Days on market | 19 days |
| Listed on | May 8, 2026 |
Taxes & financials
| Annual property tax | $17,619 |
| Tax year | 2025 |
| Assessed value | $1,614,900 |
| Zoning | RB |
| Gross income (actual) | $58,200/yr |
| Net operating income (actual) | $41,239/yr |
| Total actual rent | $4,850/mo |
| Insurance expense | $8,702/yr |
Building & lot
| Stories | 6 |
| Total rooms | 28 |
| Lot size | 0.19 acres |
| Garage spaces | 0 |
| Parking spaces | 8 |
| Parking | Paved Drive, Off Street, Tandem, Common, Paved |
| Basement | Full, Partially Finished, Interior Entry, Concrete |
| Foundation | Concrete Perimeter, Irregular |
| Roof | Shingle, Slate, Rubber |
| Construction | Frame |
| Flooring | Tile, Vinyl, Carpet, Varies, Hardwood |
Utilities & systems
| Heating | Baseboard, Natural Gas, Central |
| Cooling | Central Air |
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Range, for Electric Oven, Washer Hookup, Varies per Unit |
| Appliances | Range, Refrigerator, Microwave |
Location
Listing courtesy of Century 21 Realty Network — Kevin Fernandes. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 159 Pearl Street, Somerville MA 02145 have?
It is a 4-unit multi-family property with 7,500 sqft of living area, built in 1900.
How long has 159 Pearl Street, Somerville MA 02145 been on the market?
159 Pearl Street, Somerville MA 02145 has been listed for 19 days (since May 8, 2026).
What are the property taxes on 159 Pearl Street, Somerville MA 02145?
Annual property taxes are $17,619 (2025), on an assessed value of $1,614,900.
What is the price per square foot?
At $1,999,900 for 7,500 sqft, that's about $267 per square foot.
Is there parking?
8 total parking spaces (paved drive, off street, tandem, common, paved).
Where is this property located?
159 Pearl Street, Somerville MA 02145 is in Somerville, Middlesex County, MA 02145.
