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$1,375,000

Sale Pending
26 Warner St, Somerville, MA 02144
5 Beds
2 Baths
3,277 Square Feet
0.08 Acres Lot
Built in 1905
Sale Pending
2 Units
Checked: 18 hours ago
Updated: Oct 02, 2025 at 10:24AM

Investment Summary


Monthly Cash Flow
-$4,818
Cap Rate
1.5%
Cash-on-Cash Return
-18.3%
Debt Coverage Ratio
0.26
Internal Rate of Return (5 years)
-13.7%

Property Description


0.08 Acres Lot
Built in 1905
Sale Pending
2 Units

Great opportunity to get into Somerville Market. 2 Family home with great potential to do so much. Over 3200 sqft total of living space. Over 5000 sq ft of total space. 1st floor features Hardwood floors throughout. Original moldings. Both units have built in China cabinets. With a little work both units could be rented out right away. Or do them over and live here or potentially turn into condos. multi car Driveway. 5 plus bedrooms, 2 Baths. Currently 2nd floor unit is rented. Tenants will be moved out by Sept 1st. 1st floor is empty. 3 stories. 2nd unit heating system was replaced November of 2023. 1st units is about 7yrs old. Right around the corner from the Green line. Great Walk score of 95, Transit score of 82, Bike score of 94.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Paved, Off Street
  • Garage Spaces: 0
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 12
  • # of Stories: 4
  • Basement: Yes
  • Basement Description: Full

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Foundation: Stone
  • Roof Type: Gable
  • Roof Material: Shingle

Land Information

  • Land Use: Residential Income
  • Land Use Subtype: Duplex

Lot Information

  • Parcel ID: SOMEM:18B:BL:24
  • Lot Size: 3601 sqft

Property Information

  • Property Type: Multi Family
  • Year Built: 1905

Tax Information

  • Annual Tax: $13,678

Utilities

  • Water & Sewer: Public

Location

  • County: Middlesex

Investment Summary


Monthly Cash Flow
-$4,818
Cap Rate
1.5%
Cash-on-Cash Return
-18.3%
Debt Coverage Ratio
0.26
Internal Rate of Return (5 years)
-13.7%

Purchase Details

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Purchase price:
$1,375,000
Amount financed:
-$1,100,000
Down payment:
$275,000
Closing costs:
$41,250
Rehab costs:
$0
Initial cash invested:
$316,250
Square feet:
3,277
Cost per square foot:
$420
Monthly rent per square foot:
$1.25

Financing Details

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Loan amount:
$1,100,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$6,507
Property tax:
$1,140
Insurance:
$287
Private mortgage insurance (PMI):
$0
Monthly payment:
$7,934

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$4,100 $49,200
Vacancy loss: (6%)
6% -$246 -$2,952
Operating income:
$3,854 $46,248

Operating Expenses


% Rent Monthly Yearly
Property taxes: (28%)
28%-$1,140-$13,678
Insurance: (7%)
7%-$287-$3,444
Property management: (8%)
8%-$328-$3,936
Repairs & maintenance: (5%)
5%-$205-$2,460
Capital expenditures: (5%)
5%-$205-$2,460
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (53%)
53%-$2,165-$25,978

Cash Flow


Monthly Yearly
Net operating income:
$1,689 $20,268
Mortgage payments:
-$6,507 -$78,084
Cash flow:
-$4,818 -$57,816