Off Market
5-9 School St, Somerville, MA
Somerville · MA 02143
- $3,995,000
- Price
- 19
- Beds
- 11
- Baths
- 7000
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1920
Units:
9 Units
Lot size:
4,356 Sq.Ft Lot
Price per square foot:
$571 / Sq.Ft
Parking:
No Parking
About this home
**$247,782 Proforma NOI** The School Street Apartments is a 9-unit apartment complex located in the heart of Somerville near Union Square, featuring (6) 2-bedroom, 1-bathroom, (2) 3-bedroom, 2-bathroom, and (1) 1-bedroom, 1-bathroom units. There is a value-add opportunity at the property to perform light unit updates and raise rents to competitive market levels. Also available (not included in 5-9 School St price) is the 2 Quincy Street lot, an abutting development site of 0.14 acres under Somerville?s ?Urban Residence (UR)? zoning, which allows one apartment building by right. Current ownership has plans drawn up for a 20-unit building with 4 floors. Less than a half mile from both the Porter Square and Gilman Square T-stops on the Green Line and Commuter Rail, and steps away from MBTA Bus Routes on Somerville Ave, the property offers direct access to employment centers in Downtown Boston, Somerville, and Cambridge.
Neighborhood & Transit
5-9 School St, Somerville · MA 02143
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Union Square Green 0.46 mi
-
Gilman Square Green 0.46 mi
Price Insight
- Days on Market:
- 747 days
- Listing Price:
- $3,995,000
- Price per Sq.Ft:
- $571
- Tax Assessment:
- Unknown
- Taxes:
- $2,409 / Monthly
Home Facts
Interior Features
- Bedrooms
- 19
- Full Bathrooms
- 11
- Half Bathrooms
- 0
- Living Area
- 7,000 Sq.Ft (Includes Basement)
- Broker Disclosure about Living Area
- Includes expansion of 2 units into the garden level
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 6500
- 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
- 4,356 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- 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
- Nicholaus Jasinski
- Listing office
- Berkadia Real Estate Advisors LLC
- MLS PIN #
- 73303433
- Disclosure
- Includes expansion of 2 units into the garden level