$7,545,000

250-256 Somerville Ave, Somerville MA, 02143

Price per sqft$557.11

Built in1910

Property size13,543 sqft

Property typeMulti-family

Overview

Sold

Listed Apr 10, 2024

Updated 3 weeks ago

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!

Additional information

MLS^® ID: 73222468

Interior Features

Bedrooms: 24
Bathrooms: 12
Basement: Yes

Exterior Features

Lot Size: 0.28 Acres

Other Property Details

Taxes: $37,178
Tax Frequency: Annually
View: Yes
55+/Senior Community: No

This listing is provided by William Senne with Senne

The property listing data and images displayed herein were provided to MLS Property Information Network, Inc. from third-party sources, including sellers, lessors, and public records, and compiled by MLS Property Information Network, Inc. This information is intended solely for the personal, non-commercial use of consumers who have a genuine interest in purchasing or leasing listed properties. It may not be used for any purpose other than to identify prospective properties of interest.

MLS Property Information Network, Inc. and its subscribers make no representations or warranties regarding the accuracy of the listing data or images presented.

Data last updated 12:31 AM UTC, 8/20/2026