1 / 18
INVESTMENT SNAPSHOT
About this property
A rare Somerville two-family on a quiet street in the heart of Gilman Square and at a price point that works for value-add buyers and owner-occupants alike. The 1st floor offers true flexibility: configure it as a 1 bed/1 bath or expand to 2 bed/1 bath with the existing pocket doors. Upstairs, you’ll find a spacious 4 bed/2 bath unit with both bathrooms completely gut renovated in 2015. Super tall ceilings and great width throughout give both units an airy, oversized feel that tenants notice immediately. A double-wide curb cut with three-car off-street parking and a private backyard round out the package. The systems are solid too: Harvey vinyl windows from 2017, significant electrical work completed in 2025, washer 2019, and dryer 2025 mean many of the big-ticket items are behind you. One block to the Gilman Square Green Line station, and steps to the Community Path bike trail, Sarma, Winter Hill Brewing Co, and much more. Opportunities like this don't come around often!
Property details
| Units | 2 |
| Living area | 2,665 sqft |
| Lot size | 3,050 sqft |
| Year built | 1900 |
| Price / sqft | $446 |
| County | Middlesex |
| MLS # | 73525367 |
Listing status
| Days on market | 6 days |
| Listed on | May 27, 2026 |
Taxes & financials
| Annual property tax | $11,299 |
| Tax year | 2025 |
| Assessed value | $1,035,700 |
| Zoning | RA |
| Gross income (actual) | $45,000/yr |
| Net operating income (actual) | $45,000/yr |
| Total actual rent | $3,750/mo |
Building & lot
| Stories | 3 |
| Total rooms | 11 |
| Lot size | 0.07 acres |
| Garage spaces | 0 |
| Parking spaces | 3 |
| Parking | Paved Drive, Off Street |
| Basement | Unfinished |
| Foundation | Stone |
| Flooring | Wood |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
More about investing in Somerville →
Listing courtesy of Cambridge Sage Inc. — Sage Jankowitz. Listing data © MLS PIN.
Interested in this one?
Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 5 Essex St, Somerville MA 02145 have?
It is a 2-unit multi-family property with 2,665 sqft of living area, built in 1900.
How long has 5 Essex St, Somerville MA 02145 been on the market?
5 Essex St, Somerville MA 02145 has been listed for 6 days (since May 27, 2026).
What is the estimated cap rate on this 2-family in Somerville?
Based on area median rents, the estimated cap rate is about 4.1%, with a Signal Score of 74/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,188,000 across 2 units, that works out to roughly $594,000 per unit.
What are the property taxes on 5 Essex St, Somerville MA 02145?
Annual property taxes are $11,299 (2025), on an assessed value of $1,035,700.
What is the price per square foot?
At $1,188,000 for 2,665 sqft, that's about $446 per square foot.
Is there parking?
3 total parking spaces (paved drive, off street).
Where is this property located?
5 Essex St, Somerville MA 02145 is in Somerville, Middlesex County, MA 02145.
Similar multi-families
◆ 73
◆ 73
◆ 73
◆ 46