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159 Pearl Street, Somerville MA 02145

Somerville, MA 02145 • East Somerville
$1,999,900
$1,974,900
Est. $11,654/month
15
Beds
6.5
Baths
7,500
Sq Ft
$263
Price/Sq Ft
0.19
Acres
1900
Year Built
8
Parking
63
Days on Market
Active Price Drop -$25,000 Open House Listed May 8, 2026 • MLS# 73515418 Copied! • Updated Jul 8, 2026

Open House Schedule

11
Jul
Saturday, July 11
12:00 PM - 1:30 PM EDT

About this home

OPEN HOUSE SUNDAY 7/11 12 to 1:30 Rare opportunity in sought-after Somerville! This unique offering features two separate 2-family homes on one lot, owned and cared for by the same family for decades. The property is fully occupied with long-term tenants, resulting in below-market rents. This offers significant upside potential for investors or owner-occupants. While configured as a four-unit property, there is additional finished space in the lower levels offering flexibility and added utility (buyers to perform their own due diligence). One unit will be delivered vacant, providing an excellent opportunity for owner occupancy or immediate rent adjustment. A standout feature is the ample off-street parking, a rare find in this location. Paved driveway on both sides for easy entry/exit for tenants. Conveniently located near major routes, public transportation, shopping, and dining. Strong income potential with value-add opportunity in a high-demand market.

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Recently Sold Nearby

Property History

Market Insights

2
Price Changes
90%
Price Range

Property Timeline

Price Reduced
Jul 8, 2026
$1,974,900 $17,774,100 (-90%)
From $19,749,000 to $1,974,900 (-90.0%)
Price Increased
Jul 8, 2026
$19,749,000 +$17,749,100 (+887.5%)
From $1,999,900 to $19,749,000 (+887.5%)
👁️
Showing Instructions Updated
May 16, 2026
New showing requirements
🏠
Listed for Sale
May 8, 2026
$1,999,900
Original listing
Agent: Kevin Fernandes Office: Century 21 Realty Network

Tax History

Year Taxes Assessment
2025 $17,619 $1,614,900

Financial Details

Annual Property Tax
$17,619
Tax Year 2025
Assessed Value
$1,614,900

Facts & Features

Central AC

Home Facts

Type Residential Income
Style 4 Family
Year Built 1900
Living Area 7,500 sq ft
Lot Size 0.19 acres
Bedrooms 15
Full Baths 6
Half Baths 1
Total Rooms 28

Investment Metrics

Units 4
Unit 1 Rent $1,600/mo · N
Unit 2 Rent $1,550/mo · N
Unit 3 Rent $1,700/mo · N
Unit 4 Rent — · N
Total Monthly Rent $4,850/mo
Gross Income $58,200
Net Operating Income $41,239
Operating Expenses $8,702
Water/Sewer Expense $8,259
Insurance Expense $8,702
Cap Rate 2.09%
Heating Baseboard, Natural Gas, Central
Cooling Central Air
Flooring Tile, Vinyl, Carpet, Varies, Hardwood
Appliances Range, Refrigerator, Microwave
Fireplace None
Basement Full, Partially Finished, Interior Entry, Concrete
Laundry Washer Hookup
Features Living Room, Dining Room, Kitchen, Family Room
Construction Frame
Architecture None
Roof Shingle, Slate, Rubber
Features Rain Gutters
Pool None
Spa None
Fencing None
Patio/Porch Porch
Features Paved Drive, Off Street, Tandem, Common, Paved
Total Spaces 8
Electric Circuit Breakers, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Range, For Electric Oven, Washer Hookup, Varies Per Unit

Financial

Annual Tax $17,619
Assessed Value $1,614,900
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Two - 2 Family Buildings On The Same Lot
Possession None
Accepted Financing Contract
Structure Type []
House Color Tan
Sq Ft Source Public Record
Sq Ft Disclosures Living area includes approximately 2,000 sqft in finished basements
Documents None
County Middlesex
Total market time (incl. prior listings) 61 days

Property Overview

Property Type
4 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
15
Full Bathrooms
6
Half Bathrooms
1
Living Area
7,500 sq ft
Total Rooms
28
Stories
6
Levels
6

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Tile, Vinyl, Carpet, Varies, Hardwood
Appliances: Range, Refrigerator, Microwave
Interior Features: Living Room, Dining Room, Kitchen, Family Room
Windows: Insulated Windows
Basement: Full, Partially Finished, Interior Entry, Concrete
Laundry: Washer Hookup
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials: Frame
Roof: Shingle, Slate, Rubber
Foundation: Concrete Perimeter, Irregular
Stories: 6

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas, Central
Heating Zones: 6
Cooling: Central Air
Cooling Zones: 1
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Rain Gutters
Patio & Porch: Porch
Fencing:
Other Structures: Shed(s)
Lot Features: Level
Road Surface:

Parking & Garage

Total Parking Spaces: 8
Parking Features: Paved Drive, Off Street, Tandem, Common, Paved
School District
Somerville School District local
B-
School Safety 2024-25
2.5% Average
1.4% Suspensions 2.2% In-School 1.1% Emergency
3.0% below state avg
E

Elementary Schools

3 schools
C+
East Somerville Community School
0.1 mi | #245 of 352 | Score: 37.0
Improved 6 spots from last year
-21.2 below state avg
747 students Diverse
Grades PK-08
C-
Winter Hill Community School
0.1 mi | #287 of 352 | Score: 32.6
Dropped 15 spots from last year
-25.7 below state avg
388 students Diverse
Diverse Student Body
Grades PK-08
Capuano Early Childhood Center
0.3 mi
250 students Very Diverse
Diverse Student Body
Grades PK-01
M

Middle Schools

3 schools
Next Wave Junior High School
0.3 mi
16 students Diverse
Diverse Student Body
Grades 06-08
C+
Cambridge Street Upper School
1.0 mi | #214 of 352 | Score: 39.8
Dropped 26 spots from last year
-18.4 below state avg
301 students Very Diverse
Diverse Student Body
Grades 06-08
B+
Darby Vassall Upper School
1.2 mi | #118 of 352 | Score: 47.5
Improved 26 spots from last year
-10.7 below state avg
298 students Very Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

3 schools
F
Full Circle High School
0.3 mi | #344 of 346 | Score: 17.3
Improved 22 spots from last year
-40.9 below state avg
67 students Diverse
Rising School Career Tech Programs College Ready Curriculum Diverse Student Body
Grades 09-12
B+
Somerville High School
0.3 mi | #131 of 346 | Score: 57.1
Improved 111 spots from last year
-1.1 below state avg
1,394 students Diverse
17 sports • 1,566 athletes
Rising School Career Tech Programs Strong Athletics Diverse Student Body
Grades 09-12
B-
Community Charter School of Cambridge
1.3 mi | #178 of 346 | Score: 53.1
Dropped 57 spots from last year
-5.2 below state avg
251 students Diverse
7 sports • 202 athletes
High Graduation Rate College Ready Curriculum
Grades 06-12
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,468
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

East Somerville

159 Pearl Street, Somerville MA 02145

Somerville, MA 02145

Listing Information

Listing Agent Kevin Fernandes
Listing Office Century 21 Realty Network
Office Phone 508-822-0500
Agent MLS ID CN222268
Office MLS ID AN8257
Listing Data Updated Jul 8, 2026 12:00 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steven Novak
Steven Novak
BMN Boston Real Estate
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BMN Boston Real Estate

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