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250 256 Somerville Ave

Somerville, MA 02143

24 beds
12 baths
13,543 sqft
12,194 sqft lot
$557 per sqft
1910 build
– on site

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Prime investment opportunity in bustling Union Square! This 12-unit apartment property with 16 parking spaces is a cash flowing dream property! Immediately proximate to the new Union Square train station and significant area improvements to infrastructure, commercial property, and community spaces. All apartments are presently graciously sized two bedrooms, mostly updated, several with in-unit laundry (coin-ops also in basement). September 2024 Projected Rent Roll is $47,200 per month (only two parking spaces unrented for upcoming year). Historical operating expenses of approximately $65,000. Projected NOI of approximately $500,000!

Listing courtesy of MLSPIN / William Senne / Senne

Last checked: Checking… • Last updated Sep 16, 2024 •

MLS# 73222468 —

The Building

Year Built:

1910
Year Built Details:

Approximate
Year Built Source:

Public Records
Basement:

Full
Foundation Details:

Concrete Perimeter
Stories Total:

3
# of Units Total:

12
Building Area Total:

13543
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

48
Flooring:

Wood
Fireplace:

false

Room Dimensions

Living Area:

13543

Location

Directions:

Prospect Street to Somerville Avenue
Latitude:

42.378652
Longitude:

-71.093288

The Property

Property Type:

Residential Income
Property Subtype:

5-9 Family
Lot Size Units:

Acres
Lot Size Area:

0.28
Lot Size SqFt:

12194
Lot Size Acres:

0.28
Zoning:

Res
View:

City View(s)
View:

true
Waterfront:

false
Farm Land Area Units:

Square Feet
Road Frontage Type:

Public

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Book Number:

71416
Tax Annual Amount:

37178
Tax Assessed Value:

3534000

Beds

Bedrooms Total:

24

Baths

Total Baths:

12
Total Baths:

12
Full Baths:

12

The Listing

Home Warranty:

false
Sub Agency Relationship Offered:

No

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

false
Community Features:

Public Transportation
Spa:

false

Parking

Garage:

false
Parking Total:

12
Parking Features:

Paved Drive
Open Parking:

true

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
9/16/24 Sep 16, 2024	Sold	MLSPIN	$7,545,000	-5.6%
8/29/24 Aug 29, 2024	Pending	MLSPIN	$7,995,000
7/23/24 Jul 23, 2024	Price Changed	MLSPIN	$7,995,000	-4.8%

Multifamily Sold on 9/16/2024

$7,545,000

Listing provided by broker:

William Senne

Senne

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Listing Courtesy of: MLSPIN and Senne.

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.

250 256 Somerville Ave

Somerville, MA 02143