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.