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281 Highland Ave, Somerville, MA

Somerville · MA 02143

$6,050,000
Price
31
Beds
14
Baths
13000
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1900
Units: 14 Units
Lot size: 0.25 Acre Lot
Price per square foot: $538 / Sq.Ft
Parking: 7 Garage Spaces · 14 Off Street Spaces

About this home

Not available since 1947, this property represents an extraordinarily rare opportunity to acquire a generational asset located in a transit oriented location of Somerville's bustling Highland Avenue corridor. Comprised of a mix of floorplans and additional basement space totaling 18,750 +/- GSF, the property is sited on ' acre and provides garage and open space parking options. Located ' mile from Davis, Porter and Ball Squares. MBTA Red Line stations at Porter and Davis are 10 minutes by foot. Located 1 mile from Harvard University. An excellent value-add opportunity for investors in an extremely competitive market who may also benefit from future redevelopment of the site.

Neighborhood & Transit

Powderhouse

281 Highland Ave, Somerville · MA 02143

Nearby transit

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

  • Magoun Square Green 0.30 mi
  • Porter Red Commuter Rail 1 route 0.45 mi
    • Fitchburg Line

Price Insight

Days on Market:
1433 days
Listing Price:
$6,990,000
Price per Sq.Ft:
$538
Tax Assessment:
$2,579,700 in 2022
Taxes:
$2,188 / Monthly

Home Facts

Interior Features

Bedrooms
31
Full Bathrooms
14
Half Bathrooms
0
Living Area
13,000 Sq.Ft
Broker Disclosure about Living Area
Living area based on floorplan estimates and public record
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
110 Volts, 220 Volts

Exterior Features

Lot Size
11,000 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
7 Parking Spaces
Off Street Parking
14 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Shingles, Brick
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Team Mariano Smith
Listing office
Mariano Smith & Co.
MLS PIN #
73017870
Disclosure
Owner to seek use & occupancy agreement for management unit (#281-1A F) through 8/31/23.
Disclosure
Living area based on floorplan estimates and public record