$9,500,000

8 Craigie Street, Somerville, MA 02143

  • 4 beds |
  • 2 baths |
  • 25,164 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon10,019sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $378/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

This 21-unit, 42 bedroom building boasts a CAP rate of just over 5%, offering a promising investment for buyers on a .23 Acre Lot. Come explore the exceptional opportunity at 8-14 Craigie Street in the lively community of Somerville abutting Porter Square & Cambridge/Somerville Line. Conveniently located near prestigious institutions such as Harvard, Lesley, & MIT, this property is fully occupied. Your next investment property is in close proximity to world-class universities, providing easy access to lectures & campus life. The Red Line and bus routes are just a short distance away, ensuring quick commutes to Boston or Kendall Square. This prime location combines urban convenience with academic vibrancy. With a strong rental history and a very low vacancy rate, there's high demand from scholars & professionals, guaranteeing top rental value in Somerville’s competitive market. Craigie St presents an unparalleled opportunity for the savvy investor.

Listing Status:
Active
Date Added:
October 8, 2025 at 05:00AM
Listing Office:
Compass : 617-303-0067
Listing Agent:
Donahue + Greene Group : 617-633-3440
MLS ID:
73440882
  • Fireplace: Fireplaces: 0
  • General: 3Block
  • Originating MLS: MLS Property Information Network
  • County: Middlesex
  • Zoning: RB752913
  • Water: Public
  • Sewer: Public Sewer
  • Source: MLS Property Information Network

This listing courtesy of Donahue + Greene Group, Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

John F Kennedy

5 Cherry St, Somerville, MA, 02144

Grades PK-8

0.28 miles away

J

John F Kennedy

5 Cherry St, Somerville, MA, 02144

Grades PK-8

0.28 miles away

S

Somerville High School

81 Highland Ave, Somerville, MA, 02143

Grades 9-12

0.81 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.