Sold
250-256 Somerville Ave
Somerville MA, 02143
$7,545,000
$557.11 per sqft
Sold
24 Beds
12 Baths
13,543 sqft
Multi-family
Built in 1910
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). September 2024 Projected Rent Roll is $47,200 per month (only two parking spaces unrented for upcoming year). Historical operating expenses of approximately $65,000. Projected NOI of approximately $500,000!
73222468
MLSⓇ ID
April 10, 2024
Listed
November 22, 2024
Updated
Map
250-256 Somerville Ave
Somerville MA, 02143
Interior Features
Total Stories
3
Bedrooms
24
Total Bathrooms
12
Full Bathrooms
12
Floor Description
Wood
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.28 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Union Square
Taxes
$37,178
Tax Frequency
Annually
Days on Market
103
Garage
No
Parking
Paved Drive, Off Street, Assigned, Driveway
Parking Total
12
View
Yes
View Description
City View(s)
County
Middlesex
Water Source
Public
Pool
No
Zoning
Res
Listing History
Date | Event | Price |
|---|---|---|
9/16/2024 | Sold | $7,545,000 |
8/29/2024 | Pending | — |
7/23/2024 | Price change | $7,995,000 -5% |
Courtesy of William Senne, Senne
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
©2025 MLS Property Information Network, Inc. All rights reserved.
Data last updated 11:10 PM UTC, 11/22/2024
