Off Market

1006 Broadway, Somerville, MA

Somerville · MA 02144

$3,190,000
Price
25
Beds
20
Baths
14000
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 2023
Units: 6 Units
Lot size: 9,284 Sq.Ft Lot
Price per square foot: $228 / Sq.Ft
Parking: 6 Off Street Spaces

About this home

Attention developers, builders and landlords, amazing By-Right 6 units condo or apartment development opportunity in primary Somerville location 2 blocks from Tufts University, 0.4 miles from Davis Square. The current lot of 9,284 SQFT has been approved to be split to 3 lots. 4 condos and 2 duplexes. 6 surface parking spaces. Designed by renowned architect Peter Quinn, total buildout allows for about 14,000 SQFT, total sellout projected to up to $10M. No Affordable units required. If you desire to keep the current building, you will have total 12 bedrooms, 5 full baths in a multi-family with about 4,500 SQFT, two car garage, two driveways, 4 more parking, and high ceiling in unfinished basement. A cash cow for rental in the hottest area of Somerville. Condo conversion permit in hand, lot split approved, HPC green lighted the demolition of the current building, building permit well underway. All architectural and structural plans and docs will be transferred to new owner, don't miss it

Neighborhood & Transit

1006 Broadway, Somerville · MA 02144

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

  • Davis Red 0.30 mi

Price Insight

Days on Market:
1154 days
Listing Price:
$3,190,000
Price per Sq.Ft:
$228
Tax Assessment:
$1,483,000 in 2023
Taxes:
$1,278 / Monthly

Home Facts

Interior Features

Bedrooms
25
Full Bathrooms
18
Half Bathrooms
4
Living Area
14,000 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
14000
Flooring
Unknown
Lead paint
None

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Unknown

Exterior Features

Lot Size
9,284 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
6 Parking Spaces

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
Derek Greene
Listing office
The Greene Realty Group
MLS PIN #
73156089
Disclosure
Please see additional builder plans and information under the MLS paper clip. Taxes & Assessment TBD