Off Market
8 Craigie St, Somerville, MA
Somerville · MA 02143
- $9,500,000
- Price
- 42
- Beds
- 21
- Baths
- 25164
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1920
Units:
21 Units
Lot size:
0.23 Acre Lot
Price per square foot:
$378 / Sq.Ft
Parking:
No Parking
About this home
This 21-unit, 42 bedroom building boasts a strong CAP rate, offering a promising investment for buyers on a .23 Acre Lot. Come explore the exceptional opportunity at 8-14 Craigie Street in the lively community of Somerville abutting Porter Square & Cambridge. Conveniently located near prestigious institutions such as Harvard, Lesley, & MIT, this property is fully occupied. Your next investment property is in close proximity to world-class universities, providing easy access to lectures & campus life. The Red Line and bus routes are just a short distance away, ensuring quick commutes to Boston or Kendall Square. This prime location combines urban convenience with academic vibrancy. With a strong rental history and a very low vacancy rate, there's high demand from scholars & professionals, guaranteeing top rental value in Somerville?s competitive market. Craigie St presents an unparalleled opportunity in an outstanding location.
Neighborhood & Transit
8 Craigie St, Somerville · MA 02143
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Porter Red Commuter Rail 1 route 0.36 mi
- Fitchburg Line
Price Insight
- Days on Market:
- 243 days
- Listing Price:
- $9,500,000
- Price per Sq.Ft:
- $378
- Tax Assessment:
- $5,602,600 in 2024
- Taxes:
- $4,912 / Monthly
Home Facts
Interior Features
- Bedrooms
- 42
- Full Bathrooms
- 21
- Half Bathrooms
- 0
- Living Area
- 25,164 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 25164
- 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
- 10,124 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
- Donahue + Greene Group
- Listing office
- Compass
- MLS PIN #
- 73482885
- Disclosure
- Seller is a licensed real estate broker. Most units are used as one bedroom and second bedroom as den area due to smaller sized 2nd bedroom but rental income speaks for itself.