70 Columbus Ave - Apartments FOR SALE


Somerville, MA 02143- Union Square
$1,800,000 USD
781-776-4002
70 Columbus Ave, Somerville, MA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

70 Columbus Ave
Somerville, MA 02143
Union Square


HIGHLIGHTS

  • Access & Connectivity
  • Assembly Square & Assembly Ro
  • Dynamic Greater Boston Location
  • Off-Street Parking
  • Strong Rental Demographics & Demand
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 70 Columbus Ave in Somerville, MA (the “Property”). The multi-story building contains five (5) 1-Bedroom/1-Bathroom units with 3,782 square feet of gross living area in 5,878 square feet of gross area. The Property is situated upon a 0.14-acre parcel and features three (3) tandem parking spaces. The historic building has been exceptionally cared for and features large recently updated apartments, providing residents with a desirable blend of character and modern convenience in a sought-after sub-market, minutes from the new Union Square MBTA Train Station. The Property benefits from recent significant capital improvements, including the installation of six new Burnham boilers in 2019, a new roof and extensive exterior maintenance in 2022, the replacement of approximately half of the building's windows in 2025, and a brand-new landlord-owned coin-operated laundry in 2026. The Property also offers meaningful value-add opportunity through below market rents. A full-height basement unit currently generates no income and may present future opportunities for additional revenue. The large driveway is also underutilized and can accommodate at least three off street parking spaces, creating supplemental parking income. 70 Columbus Avenue is well-positioned in Somerville, offering convenient access to the city’s vibrant commercial corridors, neighborhood amenities, and surrounding residential communities. The Property benefits from strong connectivity to major regional routes including McGrath Highway (Route 28), Interstate 93, and Route 2, providing efficient access throughout Somerville, Cambridge, Boston, and the greater metropolitan area.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$503 USD /SF

# OF UNITS

5

PRICE/UNIT

$360,000

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

3

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,994 SF

ZONING

RA, Somerville

APN/PARCEL ID

SOME-000073-B000000-000005

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4002

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

Dennis KelleherHorvath & TremblayMore Info
781-776-4002

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