159 Pearl Street, Somerville, MA 02145
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$1,974,900
4 Unit
15 Beds
7 Baths
7500 SQFT
0.19 Acre

Property Description

RARE EAST SOMERVILLE INVESTMENT OPPORTUNITY! Two separate two-family homes on one lot, offering four total units and tremendous potential. The front home is completely vacant, and the rear home can be delivered vacant at closing, giving the new owner exceptional flexibility. An outstanding opportunity for investors, developers, owner-occupants, or a potential condo conversion, subject to buyer due diligence and all necessary approvals. Two separate driveways provide valuable off-street parking. Located at 159 Pearl Street in highly walkable East Somerville, close to the Green Line, Orange Line, Assembly Row, neighborhood restaurants, shopping, grocery stores, and everything Somerville has to offer, with convenient access to Boston and surrounding areas. A unique opportunity to renovate, reposition, and maximize the potential of four units in one of Greater Boston’s most desirable and sought-after locations.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 15
  • Total Full Baths: 6
  • Total Half Baths: 1
  • Amenities: House of Worship, Medical Facility, Public Transportation, Shopping, T-Station
  • Basement Features: Concrete Floor, Full, Interior Access, Partially Finished
  • Common Rooms: Dining Room, Family Room, Kitchen, Living Room
  • Common Interior Features: Tile Floor
  • Common Appliances: Microwave, Range, Refrigerator, Washer Hookup
  • Common Heating: Central Heat, Electric, Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard
  • Common Cooling: Central Air

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 58200
  • Gross Expenses: 8702
  • Water/Sewer: 8259
  • INSC: 8702
  • Net Operating Income: 41239

Utilities

  • Heat Zones: 6
  • Cooling Zones: 1
  • Electric Info: 100 Amps, Circuit Breakers, Other (See Remarks), Underground
  • Energy Features: Insulated Doors, Insulated Windows, Storm Doors
  • Utility Connections: Varies per Unit, Washer Hookup, for Electric Oven, for Electric Range, for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Other (See Remarks), Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Unit 3 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1900
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Irregular, Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber, Shingle, Slate
  • Flooring Type: Hardwood, Tile, Vinyl, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73515418
  • Last Updated: 09/25/26
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/18/2026Active$1,974,900$263MLSPIN
09/14/2026Back on Market$1,974,900$263MLSPIN
08/18/2026Temporarily Withdrawn$1,974,900$263MLSPIN
07/12/2026Active$1,974,900$263MLSPIN
07/08/2026Price Change$1,974,900$263MLSPIN
07/08/2026Price Change$19,749,000$2,633MLSPIN
05/12/2026Active$1,999,900$267MLSPIN
05/08/2026New$1,999,900$267MLSPIN

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Seller's Representative: Kevin Fernandes, Century 21 Realty Network
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-09-25 08:13:00

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