$8,750,000
42
Beds
21
Baths
18,873
Living Area
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Property Description
CSQ Realty is pleased to present the Craigie Street Apartments, a fully-occupied 21-unit, 42-bedroom multifamily property situated on a 0.23-acre parcel in the heart of Somerville, Massachusetts.Located just steps from Porter Square, the property offers immediate access to the MBTA Red Line, Harvard University, Lesley University, MIT, and a vibrant retail corridor — positioning it as a premier asset for students, faculty, and young professionals.All 21 units are currently leased under lease agreements expiring in 2027, delivering day-one cash flow with significant mark-to-market upside.
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Highlights
- Area: Spring Hill
- Heating: Baseboard
- Property Class: Residential Income
- Stories: 3
- Year Built: 1920
- Cooling: Window Unit(s)
- Levels: 3
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 99
- Status: Closed
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Additional Details
- Appliances: Dishwasher, Disposal, Refrigerator, Freezer
- Flooring: Hardwood
- Interior Features: Other, Living Room, Kitchen
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Rb
- Basement: Full
- Foundation: Granite
- Lot Features: Sloped
- Total Number of Units: 21
- Year Built Source: Public Records
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $5,602,600
- Tax Year: 2025
- Total Rent: $5,650
- Rental Fee Includes: Unit 1(Water), Unit 2(Water)
- Taxes: $61,124
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Listing information provided courtesy of Cabot & Company.
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