MA > Somerville
Somerville, MA 02134,8 Craigie Street
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Somerville, MA 02134,8 Craigie Street
Somerville, MA 02134,8 Craigie Street
Somerville, MA 02134,8 Craigie Street
Somerville, MA 02134,8 Craigie Street
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Lisa Sevajian

Lisa Sevajian

Compass

+1(978) 457-3406
$ 9,500,000
Est. payment /mo
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8 Craigie Street Somerville, MA 02134

4 Beds

2 Baths

25,164 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 25,164 sqft

Price per Sqft $377

MLS Listing ID 73440882

Bedrooms 4

Full Baths 2

Year Built 1920

Annual Tax Amount $58,939

Tax Year 2024

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property Description

This 21-unit, 42 bedroom building boasts a CAP rate of just over 5%, 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/Somerville Line. 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 for the savvy investor.

Location

State MA

County Middlesex

Zoning RB

Direction Somerville Avenue and Craigie Street

Exterior

Community Features Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Bike Path, Highway Access, Private School, Public School, T-Station, University

Garage No

Building

Lot Description Level

Story 3

Foundation Block

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Compass
Lisa Sevajian

Lisa Sevajian

Agent | License ID: 95000355

+1(978) 457-3406

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8 Craigie Street

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