Back on market due to buyer financing falling through. Outstanding 6-unit investment opportunity in sought-after East Somerville, offered as a rare two-building package, delivering immediate cash flow with long-term upside. An exceptional and rarely found feature in Somerville is that all six units have dedicated outdoor space, with three lower units enjoying private patios and all three upper units featuring their own decks, a significant value add for tenants. This property has been updated and well-maintained. Additional highlights include 3 car parking, updated interiors, a centralized laundry room, and a sought-after large outside space between the 2 buildings. The property offers multiple future strategies, including strong buy-and-hold income, potential condo conversion, or longer-term redevelopment, all in a prime location close to the Green Line Extension, Assembly Row, major routes, shops, and restaurants, supporting strong tenant demand and appreciation.
- Basement:
- Full
- Parking:
- Off Street, Paved, Paved Drive
- Flooring:
- Wood
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- The new board approved a 2026 assessment which the seller will pay off @ closing. Parking #124 and Extra Storage Unit #26 are included in the sale. Taxes don't reflect Watertown's Residential Exemption. Tenant in place thru Feb '26 then TAW. Photos are a combination of 2022 and 2026., Gas heat included with rent. Totally remodeled. Basement has coin operated washers and dryers for tenants use., Estate Sale
- Garage Parking
- Lead Paint:
- Unknown
- Laundry Features:
- Gas Dryer Hookup, Washer Hookup, Electric Dryer Hookup
- Market Time:
- 151
- Parking Spaces:
- 3
- Tax Year:
- 2024
- Status:
- Active
- Price Per Sqft:
- $461
- Zoning:
- NR
- No Units:
- 6
- Orig Price:
- $2,322,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Somerville
- State:
- MA
- County:
- Middlesex
- Postal Code:
- 02145
- Longitude:
- W72° 54' 43''
- Latitude:
- N42° 23' 6.7''
Residential Income
84-86R Cross St, Somerville, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $2,149,000
- Bedrooms :
- 8
- Rooms :
- 20
- Total Bathrooms :
- 6
- Full Bathrooms :
- 6
- Square Footage :
- 4,661 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.07 Acre
- Listing ID :
- 73380216
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com