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.
- Heating System:
- Forced Air
- Basement:
- Full
- Construction:
- Frame
- Flooring:
- Tile, Wood
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure
- Garage Parking
- Lead Paint:
- Unknown
- Market Time:
- 4
- Tax Year:
- 2024
- Status:
- Active
- Price Per Sqft:
- $378
- Zoning:
- RB
- No Units:
- 21
- Orig Price:
- $9,500,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Somerville
- State:
- MA
- County:
- Middlesex
- Postal Code:
- 02143
- Longitude:
- W72° 53' 14''
- Latitude:
- N42° 23' 8.3''
Residential Income
8 Craigie St., Somerville, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $9,500,000
- Bedrooms :
- 42
- Rooms :
- 93
- Total Bathrooms :
- 21
- Full Bathrooms :
- 21
- Square Footage :
- 25,164 Sqft
- Year Built :
- 1920
- Lot Area :
- 0.23 Acre
- Listing ID :
- 73482885
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
