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21 Allen Street

Somerville, MA 02143
1 of 4 Photos Map
76 Beds
85/6 Baths
47,572 Living Area
  • Property Description
    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.
  • Highlights
    • Has View: Yes
    • Property Type: 5+ Family - 5+ Units Up/Down
    • Year Built: 2025
    • Property Class: Residential Income
    • Total Rooms: 99
    • Status: Active
  • Additional Details
    • Foundation: Concrete Perimeter
    • Total Number of Units: 69
    • Year Built Details: To Be Built
    • Zoning: Ur
    • Lot Features: Cleared, Level
    • View: City View(s)
    • Year Built Source: Owner
  • Amenities
    • Community Features: Public Transportation, Shopping, Bike Path, Public School, T-Station, University
  • Utilities
    • Sewer: Public Sewer
    • Water Source: Public
  • Fees / Taxes
    • Assessed Value: $5,378,000
    • Compensation Based On: Gross/Full Sale Price
    • Taxes: $57,409
    • Buyer Agent Compensation: 1.5%
    • Tax Year: 2024
    • Total Rent: $15,322


21 Allen Street, Somerville, MA 02143

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