13 Warwick St - Apartments FOR SALE


Somerville, MA 02145- Powder House Square
$16,500,000 USD
774-270-4020
13 Warwick St, Somerville, MA for Sale
$16,500,000 USD
Apartments - FOR SALE
1/21
null | 5.15% Cap Rate

13 Warwick St
Somerville, MA 02145
Powder House Square


HIGHLIGHTS

  • New Construction
  • #1 Builders in the Somerville Market
  • Condo Quality Finishes

OVERVIEW

EXCLUSIVE OPPORTUNITY AT 13 WARWICK STREET: A newly built 28-unit rental property in Somerville’s prime Spring Hill neighborhood—just 15 minutes from downtown Boston and close to Davis Square. Developed by SMT Development and Prominent Builders, who have completed 100+ projects in Somerville, the building offers condo-quality finishes and a unit mix of 10 studios, 2 one-bedrooms, 13 two-bedrooms, and 2 three-bedrooms, including 23 market-rate and 5 affordable units. Additional highlights include 11 garage parking spaces, a projected rent roll of $91,500 per month, and annual income potential of $1.1M. Located just a 5-minute walk to the Green Line T stop, the property will be delivered 100% complete with a certificate of occupancy expected in February 2026. CALL FOR OFFERS: December 15th. Construction plans are available in the MLS documents; financials are available upon request.

FOR SALE DETAILS

PRICE

$16,500,000 USD

PRICE/SF

$415 USD /SF

# OF UNITS

27

PRICE/UNIT

$611,111

CAP RATE

5.15%

% LEASED

0%

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Warwick

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2026

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,181 SF

ZONING

RC

APN/PARCEL ID

SOME-000033-F000000-000002

ASK ABOUT THIS PROPERTY

Ryan TaylorFortune REMore Info
774-270-4020

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Ryan TaylorFortune REMore Info
774-270-4020

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.