Sold!
$4,250,000
16
Beds
8
Baths
6,812
Living Area
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Property Description
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.
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Highlights
- Area: Inman Square
- Heating: Forced Air
- Property Class: Residential Income
- Total Rooms: 24
- Status: Closed
- Cooling: Central Air
- Parking Spots: 4
- Property Type: 5-9 Family
- Year Built: 1900
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Additional Details
- Appliances: Washer, Dryer
- Exterior Features: Balcony/Deck
- Lot Features: Corner Lot
- Roof: Rubber
- Year Built Details: Approximate
- Zoning: Mr4
- Basement: Unfinished
- Foundation: Other
- Road Frontage Type: Public
- Total Number of Units: 6
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University
- Parking Features: Off Street
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Utilities
- Electric: Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $2,296,900
- Compensation Based On: Net Sale Price
- Tax Year: 24
- Total Rent: $28,550
- Buyer Agent Compensation: 2%%
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $30,909
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Horvath & Tremblay.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
