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Mixed-Use Property with Apartments
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248 Holland St, Somerville, MA 02144

Two commercial suites and six apartments provide a mixed-use configuration with existing leases.

Property SizeContact for details
Days on Market142

Property Features for 248 Holland St

General Information

Standard status Active
Property subtype Mixed Use

Additional Details

Multifamily Units 6
Listing Agency: Conviser Property Group, Inc.
Listed By: Michael Branton · License #MA 9087064
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 3:58PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Conviser Property Group, Inc.

Investment Insights

Based on property information with market context.

This mixed-use property at 248 Holland St comprises two leased commercial spaces and six apartment units. The configuration combines commercial and residential components within one income-producing asset.

Existing leases are in place for the commercial spaces, while the apartment units add a residential component to the property. The asset is positioned in Somerville, Massachusetts, and may support operational improvements or redevelopment subject to applicable approvals.

Key Highlights

  • Two leased commercial spaces
  • Six apartment units
  • Mixed‑use commercial and residential configuration

Property Analytics

Current Use

Rudy's Cafe Restaurant

Suggested Use

Top Pick Law Firm Nail Salon Food Market Grocery & Convenience Store Hair Salon Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

2,106
Businesses Nearby

Demographics for 02144, MA

25,497
Population
11,881
Households
2.1
Avg Household Size
31
Median Age
75%
College-Educated
96%
High-School Grad
1.1 sq mi
ZIP Area
23,179
Density / Sq Mi
$140,591
Median Household Income
$74,639
Median Earnings
$2,654
Median Rent
$987,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two commercial suites and six apartments provide a mixed-use configuration with existing leases.
Where is this mixed-use property located?
The property is located at 248 Holland St Somerville, MA.
What are key features of this property?
This property features: Two leased commercial spaces; Six apartment units; Mixed‑use commercial and residential configuration
(617) 470-7970 Call to check price and availability
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