237 Highland Ave - Apartments FOR SALE


Somerville, MA 02143- Powder House Square
$2,475,000 USD
781-929-1505
237 Highland Ave, Somerville, MA for Sale
$2,475,000 USD
Apartments - FOR SALE
1/20
null | 5.55% Cap Rate

237 Highland Ave
Somerville, MA 02143
Powder House Square


OVERVIEW

237 Highland Avenue — mixed-use investment in Somerville’s desirable Spring Hill neighborhood, minutes from Davis Square and Porter Square. 8,176 SF (gross) building, two street-level commercial storefronts (currently leased to a nail salon and tailor), four residential units (2 one-bedrooms, 1 studio, 1 four-bedroom). Residential units leased through August 2027. Easy access to I-93, Boston, Cambridge, and public transportation — an attractive, income-producing opportunity for investors in one of Somerville’s most sought-after submarkets.

FOR SALE DETAILS

PRICE

$2,475,000 USD

PRICE/SF

$411 USD /SF

# OF UNITS

4

PRICE/UNIT

$618,750

CAP RATE

5.55%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,354 SF

ZONING

MR3

APN/PARCEL ID

SOME-000034-E000000-000045

ASK ABOUT THIS PROPERTY

Jay NajarianBenoit Real Estate GroupMore Info
781-929-1505

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Jay NajarianBenoit Real Estate GroupMore Info
781-929-1505

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