Active
$4,490,000
10 bd · 10 ba · 6,400 sqft · Multi-Family
194-198 Bunker Hill St
Boston, MA 02129
Listing courtesy of Nicholas Herz, Boston Realty Advisors · MLS PIN #73497042
1 / 39
ActiveListed 31 days ago
$5,500,000
76-78 Perkins Street, Somerville, MA 02145
- 24
- beds
- 12
- baths
- 8,688
- sqft
- Lot sizeThe land that comes with the home, as reported to the MLS.
- 7,405 sqft
- Year builtThe year the building was originally built, as reported by the listing agent.
- 1900
- On the marketDays since the home was listed. New listings tend to move fastest.
- 31 days ago
- Property type
- 5-9 Family
- Price per sqftList price divided by interior living area — handy for comparing homes of different sizes.
- $633
- ParkingSpaces that come with the home, as reported to the MLS.
- 0 spaces
- Annual taxesLast annual property tax bill reported to the MLS. A new owner's bill can differ.
- $50,397
What’s Special
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.
Listing courtesy of Justin Blankenship, Fiv Realty Co · MLS PIN #73579475
Facts & Features
- Status
- Active
- Active status flag
- Active
- Bedrooms
- 24
- Bathrooms
- 12 full
- Living area
- 8,688 sqft
Interior
4- Living Room
- Kitchen
- Laundry Room
- Living RM/Dining RM Combo
Parking
1- On Street
Heating
2- Baseboard
- Natural Gas
Cooling
1- Window Unit(s)
Appliances
8- Range
- Dishwasher
- Disposal
- Microwave
- Refrigerator
- Freezer
- Washer
- Dryer
MLS PIN #73579475 · Listed September 18, 2026
Location
76-78 Perkins Street, Somerville · All Somerville homes
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, landlords 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, leasing or renting 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, leasing or renting. 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.
$5,500,000
76-78 Perkins Street
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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, landlords 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, leasing or renting 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, leasing or renting. 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.
