Somerville MA Multi-Family

Somerville, known to some as the “little brother” to Cambridge, is one of Boston metro’s most desirable areas, due to its energetic “squares”: Davis Square, Ball Square and Powderhouse Squares – where students mingle with professionals in a lively arts and active retail setting, Union Square, Spring Hill, and East Somerville, where cultural activity meets an ever growing new population and amenities. Somerville has a flavor all it’s own, is easily accessible to Boston via the T, bike lanes and walkable streets. 

A recent and ever-growing development boom, including residential and "lifestyle" shopping center at Assembly Row, is keeping Somerville at the top of buyers' lists of areas in demand. Somerville's eclectic population is reason that in June 2015, the National Civic League named the City of Somerville one of ten national winners of its annual All-America City Awards, making it the third time in the City's history that Somerville has won the award since its inception in 1949.

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250-256 Somerville Avenue Somerville MA 02143

MLS Number 73222468

  • MultiFamily
  • Bedrooms 24
  • Bathroom 12
  • Square Feet 13,543
  • Parking Spaces 12

Prime investment opportunity in bustling Union Square! This 12-unit apartment property with 16 parking spaces is a cash flowing dream property! Immediately proximate to the new Union Square train station and significant area improvements to infrastructure, commercial property, and community spaces. All apartments are presently graciously sized two bedrooms, mostly updated, several with in-unit laundry (coin-ops also in basement). The current leasing season is supporting projected gross rents of approximately $580,000. Historical operating expenses of about $65,000. Projected NOI from operations of $515,000! Projected gross rents based on units renting at $3,950 and 4 parking spaces at $300. Private showings for qualified buyers only.

Listed by William Senne, Moises Martinez and Moises Morin-Martinez of Senne

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Federal 30-year interest rate: 6.87% last updated on Jun 20, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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21 Allen Street Somerville MA 02143

Somerville, MA21 Allen Street

Price$7,595,000

Est. Mortgage: $/month

MLS Number 73211289

  • MultiFamily
  • Bedrooms 76
  • Bathroom 91
  • Square Feet 47,572

The Ropewalk is a 69-unit multi-family development in the heart of Union Square, adjacent to the newly opened MBTA Station. The arrival of the Green Line Transit Station has precipitated a rapid transformation of the Square. The Square's $2 billion, 3.8 million SF master-planned development, coined USQ spans 20 acres and includes 2.4M SF of lab and innovation space,150,000 SF of retail and restaurant space, and 4.7 acres of vibrant open spaces. Phase I was delivered by Magellan Development in Q3 2023 with future phases set to break ground in 2024. Boynton Yards and Somerville Gateway which border Union Square to the east and south are complimentary master-planned developments adding a combined 4.1 million SF state-of-the-art life sciences/biotech, hotel, and retail spaces to the broader neighborhood. The project is in a qualified OZ and has been permitted as a Passive House project; set to achieve the highest level of sustainability. Approvals allow for either apartments or condos.

Listed by Ryan Taylor and Justin Pepple of Fortune RE

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$/month over payments
Federal 30-year interest rate: 6.87% last updated on Jun 20, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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176-182 Broadway Somerville MA 02145

Somerville, MA176-182 Broadway

Price$4,599,900

Est. Mortgage: $/month

MLS Number 73242046

  • MultiFamily
  • Bedrooms 99
  • Bathroom 198
  • Parking Spaces 20

Developable five story mixed use development project. Possible buildout w/ typical construction will allow up to 28 units and approx 31,970 gross sq ft of building and approx 1,125 average per unit size or building as a net zero building...You can put up to 37 maximum units with approx 577 sq ft more or lessincludes 2 parcels w/ over 11,000 sq ft of land, being sold as a package. Zoned mr5. Addtnl commercial space of up to 5000 sq ft is allowed. One parking space required per unit...There is enough for up to 23 spaces on site. Specital permit for relief regarding parking needed to achieve maximum number of units. Seller will wait for buyer to receive project approvals before closing. Buyer responsible for all fees incl but not limited to architects fees, attorney fees etc necessary to obtain approvals. Affordable requirement for city of somerville is 20%. Great location rated a walker's paradise score of 95. Insanely convenient...Under a mile to green and orange line subway stops!

Listed by The Steve Bremis Team and Stephen Bremis of Steve Bremis Realty Group

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$/month over payments
Federal 30-year interest rate: 6.87% last updated on Jun 20, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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1 Beacon Street Somerville MA 02143

MLS Number 73226159

  • MultiFamily
  • Bedrooms 16
  • Bathroom 8
  • Square Feet 6,812
  • Parking Spaces 4

One Beacon, 6.70% cap rate with rental upside, is a turn-key asset exceptionally located in Somerville’s Inman Square neighborhood on the Cambridge border. The Property contains six units consisting of (4) 4-Bedroom/2-Bathroom units and two commercial units. The Property is fully leased and has undergone extensive interior unit renovations featuring condo quality finishes in the residential units including new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, vinyl plank floors as well as new forced hot air and central air-conditioning systems and Navien tankless hot water systems. The commercial tenant, Trina’s Starlite Lounge and Parlor Sports (both leased by one tenant), recently extended their lease for 5-years (through August 31, 2029) and reimburse their pro-rata share of Real Estate Taxes, Insurance and Utilities. Common laundry for tenants is located on the 2nd and 3rd floor.

Listed by John Pentore and Dennis Kelleher of Horvath & Tremblay

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$/month over payments
Federal 30-year interest rate: 6.87% last updated on Jun 20, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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1006 Broadway Somerville MA 02144

Somerville, MA1006 Broadway

Price$4,195,000

Est. Mortgage: $/month

MLS Number 73250108

  • MultiFamily
  • Bedrooms 24
  • Bathroom 24
  • Square Feet 14,854
  • Parking Spaces 8

12-unit boutique condo project in close proximity to Davis Square adjacent to Tufts University. The by-right project features four (4) Semi-Detached structures each containing three (3) units. Projects GFA total 15,691 SqFt and 8 off-street parking spaces. The Seller has obtained conditional lot split approval to be recorded upon demolition of the existing structure. Historical requirements have been satisfied. No affordable units are required per zoning. No discretionary permit or site plan approval is required. Buyer will proceed directly to ISD for demolition and building permits. Projected sell-out $13.28MM. Please inquire for full offering.

Listed by Ryan Taylor and Justin Pepple of Fortune RE

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$/month over payments
Federal 30-year interest rate: 6.87% last updated on Jun 20, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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84-86-86r Cross Street Somerville MA 02145

Somerville, MA84-86-86r Cross Street

Price$2,779,900

Est. Mortgage: $/month

MLS Number 73218290

  • MultiFamily
  • Bedrooms 8
  • Square Feet 4,660
  • Parking Spaces 3
  • Property SubType 5-9 Family

SIX TOTAL UNITS...EXTENSIVELY RENOVATED FOUR FAMILY AND TWO FAMILY PACKAGE IN PRISTINE CONDITION... UNDER HALF MILE TO NEW GREEN LINE AND JUST OVER HALF MILE TO ORANGE LINE. This Two Property Package INCLUDES SIX TOTAL UNITS IN A FOUR FAMILY AND TWO FAMILY ON SAME LOT. Four out of 6 units have been gut renovated to the studs with granite counter kitchens and new appliances. Updated roof, electric, hot water tanks and roof. Gross Monthly Rent is $13,300/ Gross Annual $159,600 (does not include 4 coin op washer & dryers). All unit utilities are separate. RENTS ARE SUBSTANTIALLY UNDER MARKET and rent roll can be increased significantly. Off street parking with TWO DRIVEWAYS. Perfect candidate for future condo conversion given extensive recent renovation to the property or a great 1031 Tax Deferred Exchange candidate. FANTASTIC LOCATION. Rated a Walker's Paradise Walk Score of 90. Rated a Rider's Paradise Transportation Score of 90 and a Very Bikeable Bike Score of 85l

Listed by The Steve Bremis Team and Stephen Bremis of Steve Bremis Realty Group

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$/month over payments
Federal 30-year interest rate: 6.87% last updated on Jun 20, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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640 Mystic Avenue Somerville MA 02145

Somerville, MA640 Mystic Avenue

Price$2,650,900

Est. Mortgage: $/month

MLS Number 73235507

  • MultiFamily
  • Bedrooms 9
  • Bathroom 9
  • Square Feet 5,096
  • Parking Spaces 6

Best deal in somerville!!! ($520sf in somerville with garage pkg!!!!) and 1031 exchange opportunity! 3 custom side by side townhouses with 6 garage spaces. Each residence was tastefully designed and built to the highest levels by an award-winning developer, with chefs eik kitchens, bertazzoni ranges, ss appliances, gleaming hardwood floors, open concept lvrm/dnrm/kitchen with a direct walk out patio. The 2nd level has 2 bedrooms, w&d, a full bath & an office nook. The top floor has a gracious primary bedroom suite with two wics, a double vanity, extra cabinet storage & a spa like walk in shower. Each unit has an exclusive balcony area accessed from the primary bedroom, with unobstructed views of the mystic river and encore casino. Built in 2018, soundproofing was included as well as a fire sprinklers/alarm system. The building is 100% occupied.

Listed by Boston RE Group and Heather Olin of Coldwell Banker Realty - Boston

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$/month over payments
Federal 30-year interest rate: 6.87% last updated on Jun 20, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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15-17 Oak Street Somerville MA 02143

MLS Number 73250549

  • MultiFamily
  • Bedrooms 7
  • Bathroom 5
  • Square Feet 3,845
  • Parking Spaces 3

EXCEPTIONAL MULTI-FAMILY opportunity near vibrant Inman Square! TWO ATTACHED TWO-FAMILY HOMES-with separate entrances- are being offered for sale as a package. Property owned and maintained by the same family for over 50 years. Lots of possibilities for investors seeking upside potential or home buyers looking to live in one and lease out the other or at multi-generational living possibilities. Paved driveway on #15 is shared by all tenants. All 4 rental units are currently tenant-occupied. The green yard space on #15 and #17 invites different possibilities. Common laundry in shared basement. #15 and #17 Oak St. are separately assessed for taxes by Somerville and are shown as combined. Visit attached interactive interior floorplans. Group showings to be scheduled.

Listed by Nathan Long and Dwight Kirkpatrick of Coldwell Banker Realty - Cambridge

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$/month over payments
Federal 30-year interest rate: 6.87% last updated on Jun 20, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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809-811 Somerville Avenue Somerville MA 02143

MLS Number 73255396

  • MultiFamily
  • Bedrooms 6
  • Bathroom 4
  • Square Feet 3,603
  • Parking Spaces 3

Located right on the Cambridge line, between Harvard Square and Davis Square and less than 500 feet from Porter Square Red Line T-stop, this large and very well taken care of Triple-Decker is on the market for the first time in over 70 years. The property fits seamlessly into this dynamic urban feel of a vibrant and bustling area known for its mix of residential and commercial spaces including shops, restaurants, cafes, the Porter Square Shopping Center and more. All units are 5 rooms, 2 bedrooms and 1 modern bathroom. Replacement windows, New Roof was installed in 2014, All front porches were replaced in 2013, Central Air on the 1st Floor Unit, 2 sets of washers and dryers in the walk-out basement, lovely back yard and tandem driveway for 3 cars. 1st and 2nd floor Leases are expire on July 31st, 2024 and 3rd Floor is Tenant-at-Will. Open Houses Saturday, June 22nd and Sunday June 23rd, both days from 12pm to 1:30pm.

Listed by Ng/Praysman Team, Patricia Ng and Helen Praysman of Berkshire Hathaway HomeServices Commonwealth Real Estate

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$/month over payments
Federal 30-year interest rate: 6.87% last updated on Jun 20, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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755 Somerville Avenue Somerville MA 02143

MLS Number 73245734

  • MultiFamily
  • Bedrooms 8
  • Bathroom 3
  • Square Feet 3,249
  • Parking Spaces 3

Location, Condition, Income! This newly renovated three family investment property has it all! Conveniently located on the Cambridge/Somerville line, one block from Porter Square. Each unit features 2 to 3 spacious bedrooms, updated kitchen with quartz countertop and custom cabinetry, full bathroom, open concept living and dining area, high ceiling and hardwood floor throughout, with ample of storage. There are three tandem parking, plus plenty of off-street parking. Either you are looking to live in one unit while renting out the other, this property provides comfortable living in a top-notch location with quick and easy access to Porter Square shopping center, Red Line MBTA station, universities, area restaurants and entertainment venues. This property makes an excellent addition to any investment portfolio!

Listed by Nathan Long of Coldwell Banker Realty - Cambridge

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$
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$/month over payments
Federal 30-year interest rate: 6.87% last updated on Jun 20, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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152 Cross Street Somerville MA 02145

Somerville, MA152 Cross Street

Price$2,100,000

Est. Mortgage: $/month

MLS Number 73223072

  • MultiFamily
  • Bedrooms 9
  • Bathroom 6
  • Square Feet 5,467
  • Property SubType 5-9 Family

Attention Investors and Developers. Welcome to 152 Cross St, Somerville - a meticulously maintained 6-unit building nestled in the heart of one of Somerville's most desirable neighborhoods. Conveniently located just steps away from shops, restaurants, parks, and public transportation, 152 Cross St offers the perfect blend of suburban tranquility and urban convenience. Don't miss your chance to purchase this property which offers great CASH FLOW! The property has many updates including all newer water heaters, 4 newer heating systems, and a BRAND NEW ROOF. All units are tenants at will.

Listed by DNA Realty Group and Natella Cacete of Keller Williams Realty

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$
%
$/month over payments
Federal 30-year interest rate: 6.87% last updated on Jun 20, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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35 Richardson Street Somerville MA 02145

Somerville, MA35 Richardson Street

Price$2,000,000

Est. Mortgage: $/month

MLS Number 73250247

  • MultiFamily
  • Bedrooms 10
  • Bathroom 9
  • Square Feet 6,542
  • Parking Spaces 4

Attention Contracts and Developers! This exciting new construction opportunity is featuring four units in the highly sought-after, transit-oriented Magoun Square location. Meticulously designed by an award winning firm, this project offers 8,816 gross square feet across a three-unit main building and an amazing backyard cottage. This development promises a blend of modern convenience and architectural excellence. The project will be delivered fully permitted and shovel-ready, ensuring a quick start to construction. Don't miss out on this exceptional opportunity in a prime location.

Listed by John Raposo of Encompass Property Solutions LLC

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$
%
$/month over payments
Federal 30-year interest rate: 6.87% last updated on Jun 20, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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