617-315-4844
49 Dover St
Somerville, MA 02144
Davis Square
HIGHLIGHTS
- Extremely Rare, Generational Multifamily Opportunity: The property represents a true generational offering
- Immediate Scale in High Barrier, World-Class Location: This 41-unit portfolio offers rare, immediate scale in one of the most competitive
- Superior Urban Transit-Oriented Location: Ideally positioned for seamless connectivity, the property is just a ±6-minute walk to Davis Square Station
- Positively Trending and Durable Rental Income: The asset has demonstrated consistent rent growth, with rent roll increasing 7.11% year-over-year
- Strong Upside Through Unit Renovations: Approximately 7 of the units have received partial updates, presenting a clear path
- Favorable Unit Mix for Urban Renters and Efficient Layouts: The property offers an attractive unit mix comprised of studio, one & two-bedroom units
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1920
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.82 AC
LAND SF
35,828 SF
ZONING
RB
APN/PARCEL ID
CAMB-000182-000000-000002,SOME-000022-G000000-000003
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617-315-4844
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617-315-4844
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