MA
Middlesex
Somerville
02143
8 Craigie Street
8 Craigie Street, Somerville, MA 02143
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Listing Type
Multi Family
Listing Status
Active
13
$9,500,000

Home Details for 8 Craigie Street

Price
$9,500,000
Type
Residential Income
Bedrooms
4
Bathrooms
2.0
Square feet
25164
Year built
1920
Lot size acres
0.23
County
Middlesex
Total rooms
93
Garage
Days on site
80
MLS Listing#
73440882
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.

Property Features
  • Water Features
    • Public
Listing Courtesy: Compass - 617-303-0067
Presented by: Donahue + Greene Group
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Median Listing Price
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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