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1 Beacon St

Somerville, MA 02143

16 beds
8 baths
6,812 sqft
5,662 sqft lot
$623 per sqft
1900 build
– on site

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One Beacon, 6.70% cap rate with rental upside, is a turn-key asset exceptionally located in Somerville’s Inman Square neighborhood on the Cambridge border. The Property contains six units consisting of (4) 4-Bedroom/2-Bathroom units and two commercial units. The Property is fully leased and has undergone extensive interior unit renovations featuring condo quality finishes in the residential units including new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, vinyl plank floors as well as new forced hot air and central air-conditioning systems and Navien tankless hot water systems. The commercial tenant, Trina’s Starlite Lounge and Parlor Sports (both leased by one tenant), recently extended their lease for 5-years (through August 31, 2029) and reimburse their pro-rata share of Real Estate Taxes, Insurance and Utilities. Common laundry for tenants is located on the 2nd and 3rd floor.

Listing courtesy of MLSPIN / John Pentore / Horvath & Tremblay

Last checked: Checking… • Last updated Aug 3, 2024 •

MLS# 73226159 —

The Building

Year Built:

1900
Year Built Details:

Approximate
Year Built Source:

Public Records
Roof:

Rubber
Basement:

Unfinished
Foundation Details:

Other
Exterior Features:

Balcony/Deck
Patio And Porch Features:

Deck
Stories Total:

10
# of Units Total:

6
Building Area Total:

6812
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

24
Fireplace:

false

Room Dimensions

Living Area:

6812

Location

Directions:

Please use GPS
Latitude:

42.374506
Longitude:

-71.101482

The Property

Parcel Number:

758571
Property Type:

Residential Income
Property Subtype:

5-9 Family
Lot Features:

Corner Lot
Lot Size Units:

Acres
Lot Size Area:

0.13
Lot Size SqFt:

5662
Lot Size Acres:

0.13
Zoning:

MR4
Waterfront:

false
Farm Land Area Units:

Square Feet
Road Frontage Type:

Public

Listing Agent

Contact info:

Taxes

Tax Year:

24
Tax Book Number:

72961
Tax Annual Amount:

30909
Tax Assessed Value:

2296900

Beds

Bedrooms Total:

16

Baths

Total Baths:

8
Total Baths:

8
Full Baths:

8

The Listing

Home Warranty:

false
Sub Agency Relationship Offered:

No

Heating & Cooling

Heating:

Forced Air
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Electric:

Individually Metered
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Washer

The Community

Senior Community:

false
Community Features:

Public Transportation
Spa:

false

Parking

Garage:

false
Parking Total:

4
Parking Features:

Off Street

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
7/26/24 Jul 26, 2024	Sold	MLSPIN	$4,250,000	-3.4%
6/24/24 Jun 24, 2024	Pending	MLSPIN	$4,400,000
6/12/24 Jun 12, 2024	Price Changed	MLSPIN	$4,400,000	-3.3%

Multifamily Sold on 7/26/2024

$4,250,000

Listing provided by broker:

John Pentore

Horvath & Tremblay

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Listing Courtesy of: MLSPIN and Horvath & Tremblay.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.

1 Beacon St

Somerville, MA 02143