• $5,500,000List Price
  • 24Bedrooms
  • 12Bathrooms
  • 0.17Acreage
  • 1900Year Built
  • 8,688Square Feet

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.

More Info

Basic Information

  • Gross Income $287,445
  • Listing Terms Contract
  • Lot Features Zero Lot Line
  • Mls StatusNew
  • Rent Includes Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Road Frontage DescriptionPaved

Location

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

Property Information

  • Building Area Source Public Records
  • Living Area 8,688
  • Lot Size Square Feet 7,405.2
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet8,688

Other

  • Date Listed09/18/2026
  • Farm Land Area Units Square Feet

Tax Information

  • Tax Assessed Value $4,589,900
  • Tax Year 2026
  • Taxes$50,397

Rooms

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

Building

  • BasementFull, Concrete, Unfinished
  • Building Area Units Square Feet
  • FoundationStone
  • Levels 4
  • Patio And Porch Features Porch, Covered
  • Rooms36
  • Stories4
  • Units6
  • Utilities For Gas Range, For Gas Oven
  • Window Features Screens
  • Year Built1900
  • Year Built Details Actual, Renovated Since
  • Year Built Source Public Records

Amenities

  • Amenities
    • Bike Path
    • Conservation Area
    • Golf
    • Highway Access
    • House of Worship
    • Medical Facility
    • Park
    • Pool
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • Sidewalks
    • T-Station
    • Tennis Court(s)
    • University
    • Walk/Jog Trails
  • Appliances IncludedRange, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
  • Other AmenitiesBasement, Golf, Tennis

Parking

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

Basic Information

  • List Price$5,500,000
  • MLS Number73579475
  • Modification Date09/18/2026
  • Property SubType5-9 Family

Property

  • Acreage0.17

Interior

  • Flooring Wood
  • Interior Features Living Room, Kitchen, Laundry Room, Living RM/Dining RM Combo

Exterior

  • Fencing Fenced
  • RoofRubber

Utilities

  • Cooling Window Unit(s)
  • Cooling YN Yes
  • Heat SystemYes
  • Heating Baseboard, Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Map Location

Driving Directions

Listed by Justin Blankenship of Fiv Realty Co

Somerville, MA Demographics

There is no data available

Somerville, MA Real Estate Market Data

There is no data available

Somerville, MA Schools

School NameDistanceTypeGrades

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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