76-78 Perkins Street
Somerville, MA 02145
$5,500,000 - East Somerville
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 ...
+ Read More| Listing ID: | 73579475 |
|---|---|
| List Price: | $5,500,000 |
| Property Type: | Residential Income |
| Property Sub Type: | 5-9 Family |
| Status: | Active |
| Bedrooms Total: | 24 |
| Bathrooms Full: | 12 |
| Living Area: | 8,688 |
| Tax Annual Amount: | $50,397 |
| Lot Size Square Feet: | 7,405.2 |
| Lot Size Acres: | 0.17 |
| City: | Somerville |
| MLS Area Major: | East Somerville |
| County Or Parish: | Middlesex |
| Postal Code: | 02145 |
| Year Built: | 1900 |
| Number Of Units Total: | 6 |
| Appliances: | Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer |
| Cooling: | Window Unit(s) |
| Flooring: | Wood |
| Heating: | Baseboard, Natural Gas |
| Lot Features: | Zero Lot Line |
| Parking Features: | On Street |
| Status: | Active |
| State Or Province: | MA |
| Water Source: | Public |
| Roof: | Rubber |
| Window Features: | Screens |
| Foundation Details: | Stone |
| Listing Contract Date: | 2026-09-18 |
| Cooling?: | Yes |
| Heating?: | Yes |
| Lot Size Area: | 0.17 |
| Rooms Total: | 36 |
| Bathrooms Total Integer: | 12 |
| Basement: | true |
| Basement: | Full, Concrete, Unfinished |
| Building Area Source: | Public Records |
| Community Features: | Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks |
| Fencing: | Fenced |
| Interior Features: | Living Room, Kitchen, Laundry Room, Living RM/Dining RM Combo |
| Levels: | 4 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Open Parking?: | Yes |
| Patio And Porch Features: | Porch, Covered |
| Rent Includes: | Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water) |
| Road Surface Type: | Paved |
| Sewer: | Public Sewer |
| Utilities: | for Gas Range, for Gas Oven |
| Zoning: | UR |
| Stories Total: | 4 |
| Year Built Source: | Public Records |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $287,445 |
| Listing Terms: | Contract |
| Apod Available: | Yes |
| Color: | Beige |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Flrs 3: | 3 |
| Flrs 4: | 1 |
| Gre: | 85,206 |
| Heat Units: | 6 |
| Heat Zones: | 6 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Lease 3: | Yes |
| Lease 4: | Yes |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Levels 4: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $633.06 |
| Page: | 0523 |
| Price Per Sqft: | $633.06 |
| Square Feet Disclosures: | All square footage and measurement presumed accurate. Buyer(s) to perform due diligence to verify |
| Square Feet Incl Base: | No |
| Year Round: | Yes |
| Net Operating Income: | $202,216 |
| Operating Expense: | $85,206 |
| Original List Price: | $5,500,000 |
| Road Responsibility: | Public Maintained Road |
| Tax Assessed Value: | $4,589,900 |
| Tax Year: | 2026 |
| Total Actual Rent: | $28,800 |
| Year Built Details: | Actual, Renovated Since |
| Building Area Total: | 8,688 |
| Bedrms 1: | 4 |
| Bedrms 2: | 4 |
| Bedrms 3: | 4 |
| Bedrms 4: | 4 |
| F Bths 1: | 4 |
| F Bths 2: | 4 |
| F Bths 3: | 4 |
| F Bths 4: | 4 |
| Hot Water: | Natural Gas |
| Above Grade Finished Area: | 8,688 |
| Open Parking Spaces: | 0 |
| Living Area Source: | Public Record |
| Rent1: | 4,800 |
| Rent2: | 4,800 |
| Rent3: | 4,800 |
| Rent4: | 4,800 |
| Total Flrs: | 9 |
| Beachfront Flag: | No |
Listing Courtesy of: Fiv Realty Co
Listing Agent: Justin Blankenship
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MLS Property Information Network, Inc. data last updated on October 08, 2026 04:59 PM - ET
Property Last Updated: October 08, 2026 04:59 PM - ET
