Sold!
$2,050,000
13
Beds
6
Baths
3,360
Living Area
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Property Description
72 Beacon Street offers the opportunity to acquire a fully leased, turnkey investment in an exceptional, urban-infill location at a 5.93% cap rate on current income. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. The Property has undergone extensive interior renovations featuring condo quality finishes including brand new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, hardwood floors, central air-conditioning, dishwashers and laundry in each unit. Additionally, all of the building’s mechanicals have been replaced. Building amenities include a private yard, and two off-street parking spaces. Somerville’s outlook is bright, and rental continues at a steady rate. The submarket continues to accelerate as the city’s transportation infrastructure expands and rents are expected to rise over the coming years.
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Highlights
- Cooling: Unit 1(Central Air), Unit 2(Central Air), Unit 3(Central Air)
- Parking Spots: 2
- Property Type: 3 Family
- Year Built: 1900
- Heating: Unit 1(Forced Air), Unit 2(Forced Air), Unit 3(Forced Air)
- Property Class: Residential Income
- Total Rooms: 19
- Status: Closed
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Additional Details
- Appliances: Unit 1(Dishwasher, Washer, Dryer), Unit 2(Dishwasher, Washer, Dryer), Unit 3(Dishwasher, Washer, Dryer)
- Foundation: Brick/Mortar
- Lot Features: Easements
- Roof: Rubber
- Year Built Details: Approximate
- Zoning: Nr
- Basement: Unfinished
- Interior Features: Storage
- Road Frontage Type: Public
- Total Number of Units: 3
- 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, Public School, T-Station, University
- Parking Features: Paved Drive, Off Street
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Utilities
- Electric: Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,581,600
- Compensation Based On: Gross/Full Sale Price
- Tax Year: 2023
- Total Rent: $13,600
- Buyer Agent Compensation: 2.5%
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
- Taxes: $16,354
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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 United Real Estate, LLC.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
