5 Dimick Street Somerville — Photo 1 of 31
$1,460,000
Investment Analysis — 5 Dimick Street
Somerville, MA 02143 — Inman Square
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02143 carries an estimated $8,060/mo in gross rent — about a 4.64% cap rate and $67,773/yr in estimated NOI at the $1,460,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
2
SqFt
2,708
Style
2 Family - 2 Units Up/Down
Built
1920
Exceptionally well maintained and updated throughout. Turnkey condition. Expand your rental portfolio, multigenerational living or expand your living space with rental income. Located on a residential side street between Inman and Union, this 2 family is ready for its next steward. Enjoy local eateries and independent shops. Also convenient to Whole Foods and 1/2 mile to Green Line T. The first floor classic 2 bed/1bath is ready for occupancy. Kitchen with S.S. & Granite. Bonus in unit W/D, central air and private porch that overlooks mature gardens. Unit #2 includes the top two floors and generous storage within the unit. 4 Bedrooms, full bath with radiant heated floor. Massive walk-in cedar closet. The unit is also equipped with Central Air, in-unit W/D and a private rear porch. During the month of May the back gardens erupt with flowering Dogwoods and Azalea's. Enjoy your private patio surrounded by a canopy of colors in the Spring and the perfect greenscape for the Summer.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Refrigerator • Washer • Dryer • Microwave
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Bike Path • Conservation Area
Geography
Listing Agent: Deborah Cantrell
Listing Office: Compass
MLS® Number: 73559482
Related Insights
Somerville Housing Market: Condos Carry 8.3 Months
Somerville Single-Family Prices at $1,245,000
Somerville Tax Guide: Davis, Union & North Point
Massachusetts Property Tax Rates: Newton vs Lexington
After the Grant Window: Massachusetts First-Time Buyers
