A Generational 120-Unit Multifamily Portfolio
Kingsley OrchardRealty Portfolio
18 Day St • 49 Dover St • 123 Orchard St • Somerville, MA
PROPERTY OVERVIEW
A Generational 120-Unit Multifamily Portfolio
The Kingsley Orchard Realty (KOR) Portfolio is three classic brick apartment buildings on a single Somerville block — 120 units, all market-rate.
Built and held by the same family for generations, it's coming to market for the first time. Buyers get real institutional scale in one of Greater Boston's tightest, most transit-rich submarkets — right next to Davis Square and the Cambridge innovation corridor.
Offered for Sale as a Portfolio or Individually
120
Total Units
3
Buildings
±97,916
Gross Building SF
±0.77 AC
Total Lot Size
1900–1935
Year Built
Investment Highlights
Generational Opportunity
On the market for the first time after decades in one family's hands. Three brick buildings on the same Somerville block, offered together — a true legacy asset coming up for sale once.
Immediate Scale
120 units across three buildings on one block — institutional density from day one. Roughly 97,916 SF of brick built between 1900 and 1935, hard to assemble at this scale anywhere in the Boston market.
Transit-Oriented
About a 6-minute walk to Davis Square (Red Line) and 13 minutes to Porter Square (Red Line + Commuter Rail). Six MBTA bus routes stop at the door, with one-seat rides to Cambridge, Kendall, Harvard, MIT, and Downtown Boston.
Durable Rent Growth
Rents grew 7.11% from '23 to '24 and another 4.37% from '24 to '25, while turnover dropped 9.09% year-over-year. The numbers show a steady, sticky tenant base in the Somerville/Cambridge market.
Value-Add Upside
Only about 20% of units have seen any updates — leaving roughly 80% of the portfolio open for renovation premiums.
High-Barrier Market
Cambridge/Somerville is one of the toughest renter markets in the country to build in. Major employers next door — Harvard, MIT, Tufts, Mass General Brigham, Moderna, and the Kendall Square biotech cluster — and roughly 70–74% of Somerville adults hold a bachelor's degree or higher.
One block. Three brick landmarks.
18 Day Street
The largest building in the portfolio — 50 units of brick anchoring the block with classic Boston character.
- Year Built
- 1935
- Unit Mix
- 13 Studio · 33 One-Bed · 4 Two-Bed
- Gross Building Area
- ±38,124 SF
- Livable Area
- ±33,891 SF
- Lot Size
- ±0.35 Acres
- Units Partially Updated
- 14
49 Dover Street
41 units around a private central terrace, with original architectural detail.
- Year Built
- 1920
- Unit Mix
- 12 Studio · 24 One-Bed · 5 Two-Bed
- Gross Building Area
- ±34,310 SF
- Livable Area
- ±32,938 SF
- Lot Size
- ±0.20 Acres
- Units Partially Updated
- 7
123 Orchard Street
29 units that round out the three-building block — efficient, well laid out, and smallest in the trio.
- Year Built
- 1900
- Unit Mix
- 8 Studio · 9 One-Bed · 12 Two-Bed
- Gross Building Area
- ±25,482 SF
- Livable Area
- ±20,360 SF
- Lot Size
- ±0.22 Acres
- Units Partially Updated
- 2
At the doorstep of the world's most innovative city.
Sitting right on the Somerville/Cambridge line, the portfolio lands where Greater Boston's deepest renter demand meets its tightest housing supply.
Surrounded by MIT, Harvard, and the Cambridge biotech corridor — the engine room of New England's knowledge economy.
Somerville, Cambridge & the Greater Boston engine.
World-Class Employer Base
Somerville's adjacency to Kendall Square — one of the world's leading biotech and technology hubs — drives consistent rental demand. Direct access to I-93, Route 28, Route 38, and multiple MBTA lines including the Green Line Extension.
Connectivity & Destinations
- Davis Square5 min walk · MBTA Red Line
- Porter Square13 min walk · Red Line + Commuter Rail
- Kendall Square / MITDirect Red Line access
- Harvard SquareAdjacent on the Red Line
- Downtown BostonSingle-seat Red Line ride
- Logan International±43.5M annual passengers
- Assembly RowMixed-use innovation district
- Encore Boston HarborWynn Resort destination
Request the full Offering Memorandum.
Full financials, rent rolls, and tour scheduling are available once a confidentiality agreement is signed.
Confidential & Furnished Solely for Review by Prospective Purchasers
This Offering Memorandum contains select information pertaining to the Kingsley Orchard Portfolio. The material is unverified and may not be all-inclusive. Matthews™ has not made any investigation and makes no warranty or representation with respect to square footage, income and expenses, future financial performance, future rent, real estate value, market conditions, or the financial prospects of any tenant.
By acknowledging receipt, you agree that the Offering Memorandum and its contents are confidential, that you will hold it in strictest confidence, and that you will not disclose it to any third party without written consent of Seller or Matthews™. Owner and Matthews™ expressly reserve the right to reject any expression of interest or offer and to terminate discussions at their sole discretion. Prospective purchasers must conduct their own independent due diligence.