Michelle Caswell
8 Craigie St., Somerville, MA, 02143
93 rooms
42 beds
21 Full baths
1920
25,164 sqft
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.
Status:
Active
Type:
Multi-family
Units:
21
Zoning:
RB
Heating:
Forced Air
Basement:
Full
Levels:
3
Acreage:
0.23
Est. Taxes:
$58,939
Assessment
$5,602,600
Construction
Frame
Lot Description:
Corner Lot
Amenities:
Public Transportation, Shopping, Public School, T-Station, University
MLS #:
73482885
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Donahue + Greene Group, Compass 617-303-0067