8-14 Craigie St - Apartments FOR SALE


Somerville, MA 02143- Spring Hill
$9,500,000 USD
617-778-3521
8-14 Craigie St, Somerville, MA for Sale
$9,500,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

8-14 Craigie St
Somerville, MA 02143
Spring Hill


OVERVIEW

Discover the crown jewel of Somerville’s Spring Hill neighborhood at 8-14 Craigie Street, a meticulously maintained multifamily property radiating charm and opportunity. Perfectly positioned just a 15-minute stroll from Harvard University, this gem is a magnet for students, faculty, and professionals seeking proximity to world-class academia. Steps from vibrant Porter Square, residents enjoy a lively mix of eclectic eateries, cozy cafes, and boutique shopping, all within arm’s reach. Commuting is a breeze with unparalleled access to public transit—Porter Square Station (Red Line and Commuter Rail) is only 0.4 miles away, connecting you to Cambridge, Boston, and beyond in minutes. This walker’s paradise blends urban energy with neighborhood warmth, making it a renter’s dream. Prime Academic Hub: A short walk to Harvard University and Lesley University, ideal for scholars and professionals Transit Excellence: Mere minutes from Porter Square Station, offering Red Line, Commuter Rail, and bus routes Vibrant Locale: Porter Square’s dining, shopping, and cultural scene at your doorstep Robust Rental History: Strong, consistent occupancy with market-rate rents averaging $3,271 for 1-bedroom units, reflecting Somerville’s high demand (April 2025 data) Revenue Potential: Below-market rents present a golden opportunity to boost income, capitalizing on Somerville’s median rent of $3,800 and growing market trends With a proven track record of low vacancy and untapped potential for rent increases, 8-14 Craigie Street shines as a stellar investment in one of Greater Boston’s most sought-after neighborhoods. Contact for details and seize this rare chance to own a slice of Somerville’s brightest future!

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$378 USD /SF

# OF UNITS

21

PRICE/UNIT

$452,381

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,123 SF

ZONING

RB

APN/PARCEL ID

SOME-000038-A000000-000070

ASK ABOUT THIS PROPERTY

Patrick BarrettCSQ Realty, LLCMore Info
617-778-3521

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Patrick BarrettCSQ Realty, LLCMore Info
617-778-3521

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