491-497 Broadway - Apartments FOR SALE


Somerville, MA 02145
$3,800,000 USD
617-908-6775
491-497 Broadway, Somerville, MA for Sale
$3,800,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

491-497 Broadway
Somerville, MA 02145


HIGHLIGHTS

  • Mixed Use Building in Magoun Square
  • 7 Total Units, 4 Residential, 3 commercial
  • 100% Occupancy

OVERVIEW

Introducing a compelling opportunity for multifamily and mid-rise investors, 497 Broadway in Somerville, MA presents a 14,702 SF mixed-use building. Boasting seven units, including three commercial units and four residential units, this property is strategically located in the heart of Magoun Square. Built in 1900 (public record) and zoned MR4, the building currently enjoys a robust 100% occupancy, offering immediate income potential. With its versatile composition and prime positioning, this property holds significant promise for potential NOI growth, making it an enticing prospect for investors seeking to tap into the dynamic multifamily and mid-rise market in the Boston area.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$258 USD /SF

# OF UNITS

-

CAP RATE

Request Cap Rate

% 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

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,900 SF

ZONING

C1

APN/PARCEL ID

MEDF-000010-000000-Z000010

ASK ABOUT THIS PROPERTY

Albert BouchieGibson CommercialMore Info
617-908-6775

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Albert BouchieGibson CommercialMore Info
617-908-6775

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