Off Market
35-41 Laurel St, Somerville, MA
Somerville · MA 02143
- $6,000,000
- Price
- 15
- Beds
- 12.5
- Baths
- 11561
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1880
Units:
12 Units
Lot size:
0.24 Acre Lot
Price per square foot:
$519 / Sq.Ft
Parking:
12 Off Street Spaces
About this home
35-41 Laurel St is a 12-unit multifamily investment asset in the burgeoning Union Square neighborhood of Somerville, MA. The property is located in the epicenter of Somerville?s US2 15 million square foot, $2 billion real estate development project, which is poised to transform the city into a major hub for life sciences, technology, and innovation. The property features a mix of 1+-bedroom/1-bathroom units and 2-bedroom/1-bathroom units, all of which are in good condition. The property has recently undergone a number of capital improvements, including new roofing, new windows, and new HVAC systems. The property also has 12 parking spots, a valuable commodity in the densely populated Union Square neighborhood. The property is currently leased to long-term tenants, which provides a steady stream of income for the new owner. The property has a strong track record of occupancy, and the new owner can expect to continue to generate attractive rental income.
Neighborhood & Transit
Union Square
35-41 Laurel St, Somerville · MA 02143
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Gilman Square Green 0.42 mi
Price Insight
- Days on Market:
- 1058 days
- Listing Price:
- $6,000,000
- Price per Sq.Ft:
- $519
- Tax Assessment:
- $1,765,900 in 2023
- Taxes:
- $169 / Monthly
Home Facts
Interior Features
- Bedrooms
- 15
- Full Bathrooms
- 12
- Half Bathrooms
- 1
- Living Area
- 11,561 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 11561
- 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
- 10,454 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 12 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
- Kendin Carr
- Listing office
- Kendin Carr
- MLS PIN #
- 73186716
- Disclosure
- Property is unpriced. Pricing noted above is a requirement of MLS and not a formal asking price. Descriptions and property information are also a requirement of MLS. All square footages provided are per City of Somerville Assessors website.