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$ 9,500,000
Est. payment /mo
New
8 Craigie Street Somerville, MA 02134
4 Beds
2 Baths
25,164 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 25,164 sqft
Price per Sqft $377
MLS Listing ID 73440882
Bedrooms 4
Full Baths 2
Year Built 1920
Annual Tax Amount $58,939
Tax Year 2024
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
This 21-unit, 42 bedroom building boasts a CAP rate of just over 5%, offering a promising investment for buyers on a .23 Acre Lot. Come explore the exceptional opportunity at 8-14 Craigie Street in the lively community of Somerville abutting Porter Square & Cambridge/Somerville Line. Conveniently located near prestigious institutions such as Harvard, Lesley, & MIT, this property is fully occupied. Your next investment property is in close proximity to world-class universities, providing easy access to lectures & campus life. The Red Line and bus routes are just a short distance away, ensuring quick commutes to Boston or Kendall Square. This prime location combines urban convenience with academic vibrancy. With a strong rental history and a very low vacancy rate, there's high demand from scholars & professionals, guaranteeing top rental value in Somerville's competitive market. Craigie St presents an unparalleled opportunity for the savvy investor.
Location
State MA
County Middlesex
Zoning RB
Direction Somerville Avenue and Craigie Street
Exterior
Community Features Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Bike Path, Highway Access, Private School, Public School, T-Station, University
Garage No
Building
Lot Description Level
Story 3
Foundation Block
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Compass
