Off Market
1-3 Beacon Street, Somerville, MA
Somerville · MA 02143
- $5,200,000
- Price
- 16
- Beds
- 8
- Baths
- 6812
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
6 Units
Lot size:
5,450 Sq.Ft Lot
Price per square foot:
$763 / Sq.Ft
Parking:
No Parking
About this home
1-3 Beacon Street is a rare opportunity to acquire an iconic investment property in the heart of Inman Square generating $26,600 per month in rental income. The property is comprised of (2) ground-floor commercial tenants and (4) four-bedroom/2 bath apartments. Trina's Starlight Lounge and Parlor sports are two of the most popular businesses in the neighborhood and have been tenants since 2009. The apartments underwent full gut-rehabs with condo quality finishes which were completed in the Spring of 2022 and tenanted for the first time. This is a blue-chip asset in every sense of the word and a perfect safe-haven against inflation and the volatile stock market.
Neighborhood & Transit
Inman Square
1-3 Beacon Street, Somerville · MA 02143
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Union Square Green 0.39 mi
Price Insight
- Days on Market:
- 1445 days
- Listing Price:
- $5,200,000
- Price per Sq.Ft:
- $763
- Tax Assessment:
- $2,370,100 in 2022
- Taxes:
- $3,328 / Monthly
Home Facts
Interior Features
- Bedrooms
- 16
- Full Bathrooms
- 8
- Half Bathrooms
- 0
- Living Area
- 6,812 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- Unknown
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 5,450 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Unknown
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Tony Pepdjonovic
- Listing office
- Marcus & Millichap Real Estate Investment Services
- MLS PIN #
- 73019764