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Federal 30-year interest rate: 6.76% last updated on 2026-09-10

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76-78 Perkins Street Somerville MA 0214576-78 Perkins Street Somerville MA 0214576-78 Perkins Street Somerville MA 0214576-78 Perkins Street Somerville MA 0214576-78 Perkins Street Somerville MA 0214576-78 Perkins Street Somerville MA 0214576-78 Perkins Street Somerville MA 0214576-78 Perkins Street Somerville MA 02145
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  • 24Bedrooms
  • 12Bathrooms
  • 8,688Square Feet
Completely renovated in 2018, 76-78 Perkins Street is a boutique, 6-unit apartment building that offers condo quality finishes and unparalleled commuter access. The 100% occupied property boasts six (6) spacious, four (4) bed, two (2) bath apartments homes that each feature stainless steel appliances as well as in unit washers and dryers, all located steps from the MBTA's Sullivan SQ Station. Strategically located in one of the most rapidly evolving neighborhoods in the Greater Boston area, the property is surrounded by multiple on-going and upcoming transformative developments, such as Assembly Row, Encore Boston Resort and Casino, Cambridge Crossing, Hood Park, and the Green Line Extension. 76 Perkins offers a rarely available, cash-flowing, turnkey investment opportunity, located in a historically, high barrier to entry market. Current rent roll brings in more than $300,000+ annually and offers very strong in-place yield - approx. 5.5% CAP rate and north of a 9% Cash on Cash return.
Listed by Christopher Sower of Colliers International

Listing Sold by Hartley Realty Group

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More Info

Basic Information

  • Gross Income $999
  • Lot Features Other
  • Mls StatusSold

Basic Information

  • GO-List Price$4,250,000
  • MLS Number72734842
  • Modification Date08/06/2022
  • Property SubType5-9 Family
  • Purchase Contract Date11/27/2020
  • Sale Date12/14/2020
  • Sale Price$3,900,000

Property

  • Acreage0.17
  • Frontage Length 70

Property Information

  • Building Area Source Measured
  • Living Area 8,688
  • Lot Size Square Feet 7,350
  • Lot Size Units Acres
  • Square Feet8,688

Tax Information

  • Tax Assessed Value $9,999
  • Tax Year 9999
  • Taxes$9,999

Rooms

  • Bathroom12
  • Bathrooms Total Decimal 12
  • Bedrooms24
  • Full Bath12

Building

  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationConcrete Perimeter
  • Levels 3
  • Patio And Porch Features Porch, Deck
  • Rooms56
  • Stories3
  • Units6
  • Year Built1900
  • Year Built Details Actual
  • Year Built Source Public Records

Parking

  • Open Parking YN Yes
  • Parking Features On Street
  • Parking Spaces

Location

  • Address76-78 Perkins Street
  • Building Number76-78
  • CountyMiddlesex
  • NeighborhoodEast Somerville
  • StateMA
  • StreetPerkins Street
  • SubdivisionEast Somerville
  • TownSomerville
  • Zip02145

Exterior

  • RoofRubber

Utilities

  • Sewer Public Sewer
  • Water Source Public

Other

  • Date Listed09/30/2020
  • Farm Land Area Units Square Feet

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. 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. MLSPIN 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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