5 Essex St, Somerville MA 02145
Somerville, MA 02145
$1,188,000
$1,099,000
Est. $6,699/month
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About this home
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!
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Recently Sold Nearby
Property History
Market Insights
1
Price Changes
7.5%
Price Range
Property Timeline
Status: Active under contract
Aug 12, 2026
Active → Active Under Contract
Pending Sale
Aug 11, 2026
Offer accepted, sale pending
Price Reduced
Jul 21, 2026
$1,099,000
$89,000
(-7.49%)
From $1,188,000 to $1,099,000 (-7.5%)
Listed for Sale
May 27, 2026
$1,188,000
Original listing
Agent: Sage Jankowitz
Office: Cambridge Sage Inc.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/12/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 08/11/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 07/21/2026 | ↓ Price Reduced | $1,099,000 | $89,000 | - | From $1,188,000 to $1,099,000 (-7.5%) |
| 05/27/2026 | 🏠 Listed for Sale | $1,188,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $11,299 | $1,035,700 |
Financial Details
Annual Property Tax
$11,299
Tax Year 2025
Assessed Value
$1,035,700
Facts & Features
Home Facts
Type
Residential Income
Style
2 Family - 2 Units Up/Down
Year Built
1900
Living Area
2,665 sq ft
Lot Size
0.07 acres
Stories
3
Bedrooms
6
Full Baths
4
Total Rooms
11
Investment Metrics
Units
2
Unit 1 Rent
— · N
Unit 2 Rent
$3,750/mo · Y
Total Monthly Rent
$3,750/mo
Gross Income
$45,000
Net Operating Income
$45,000
Cap Rate
4.09%
Interior
Heating
None
Cooling
None
Flooring
Wood
Appliances
None
Fireplace
None
Fireplaces
1
Basement
Unfinished
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive, Off Street
Total Spaces
3
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$11,299
Assessed Value
$1,035,700
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Roof Is 26 Yrs Old. 1 Boiler / 1 Gas Meter For Both Units. 2nd Laundry Hook-up In Basement Has Gas Line Disconnected. Boiler From 90 But Still Functional. Unit 1 Delivered Vacant, Unit 2 To Vacate End Of July 26. Fireplace Is Not Working. Sagging Sheetrock On Basement Stair + 2nd Fl Bed Ceilings
Exclusions
Unit 2 Renter Belongings.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Sq Ft Disclosures
1st floor has been rented as both 1-bed and 2-bed over the years. 4th bath is in basement.
Documents
None
County
Middlesex
Total market time (incl. prior listings)
84 days
Property Overview
Property Type
2 Family - 2 Units Up/Down
Listing Type
Sale Pending
Year Built
1900
Bedrooms
6
Full Bathrooms
4
Living Area
2,665 sq ft
Total Rooms
11
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
2,665 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood
Appliances:
Interior Features:
Windows:
Basement:
Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Parking & Garage
Total Parking Spaces:
3
Parking Features:
Paved Drive, Off Street
Special Features
Fireplaces:
1
Fireplace Type:
Community Amenities:
Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University
Nearby Schools
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
Elementary Schools
3 schools
C-
Winter Hill Community School
0.6 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
C+
Arthur D Healey School
0.6 mi
|
#236 of 352
|
Score: 37.5
Improved 27 spots from last year
-20.7 below state avg
482 students
Diverse
Rising School
Diverse Student Body
Grades PK-08
St. Theresa of the Child Jesus School
0.6 mi
Grades PK-08
Middle Schools
3 schools
Next Wave Junior High School
0.2 mi
16 students
Diverse
Diverse Student Body
Grades 06-08
C+
Cambridge Street Upper School
1.3 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-
John J. McGlynn Middle School
1.3 mi
|
#206 of 352
|
Score: 40.2
Improved 30 spots from last year
-18.1 below state avg
464 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
3 schools
F
Full Circle High School
0.2 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
0.2 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
Curtis-Tufts School
1.0 mi
11 students
Diverse
Diverse Student Body
Grades 09-12
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$942
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Total principal paid
$0
Total interest paid
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Rate Impact
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Current Rate
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Payment Over Time
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
5 Essex St, Somerville MA 02145
Somerville, MA 02145
Listing Information
Listing Agent
Sage Jankowitz
Listing Office
Cambridge Sage Inc.
Office Phone
617-833-7457
Agent MLS ID
CN231626
Office MLS ID
AN8801
Listing Data Updated
Aug 19, 2026 9:54 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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