Multifamily Apartment
For Sale
$8,500,000
300 Somerville Avenue, Somerville, MA 02143
For-sale apartment building offering residential income potential in Somerville, MA.
Property Size14,523 SF
Price / SF$585.28
Days on Market204
Property Features for 300 Somerville Avenue
General Information
Standard status
Active
Size
14,523 SF
Property subtype
Multi-Family
Zoning
MR5
Net Operating Income
$96,000
Taxes and HOA fees
Annual Taxes
$50,959
Building Details
Building Size
14,523 SF
Year Built
2023
Stories
4
Listing Agency:
Coldwell Banker Realty - Marblehead
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jan 28
Changed: Aug 19
Last Checked: Aug 20 at 4:39AM
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 Coldwell Banker Realty - Marblehead
Investment Insights
Based on property information with market context.
This for-sale multifamily apartment building provides a residential income property setup for investors seeking to add an apartment asset to a portfolio. The listing is categorized as an apartment building and other residential income property type, offering a straightforward product within the multifamily market.
The property is located at 300 Somerville Avenue in Somerville, Massachusetts (02143). Access details, frontage, and nearby commercial context are not provided in the available information.
Interested buyers or operating partners should evaluate the building as a residential income acquisition, with due diligence focused on the unit mix, current occupancy, and any applicable building and operating costs. As with any multifamily asset, reviewing the financials, lease terms, and property condition will be important for underwriting and decision-making. This listing presents a clear opportunity to acquire a dedicated apartment-building asset in Somerville, subject to the terms of sale and the buyer’s verification during diligence.
The property is located at 300 Somerville Avenue in Somerville, Massachusetts (02143). Access details, frontage, and nearby commercial context are not provided in the available information.
Interested buyers or operating partners should evaluate the building as a residential income acquisition, with due diligence focused on the unit mix, current occupancy, and any applicable building and operating costs. As with any multifamily asset, reviewing the financials, lease terms, and property condition will be important for underwriting and decision-making. This listing presents a clear opportunity to acquire a dedicated apartment-building asset in Somerville, subject to the terms of sale and the buyer’s verification during diligence.
Key Highlights
- Apartment building built in 2023
- For‑sale apartment building in Somerville, MA
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,606
Businesses Nearby
Explore this area
Business Placement
Demographics for 02143, MA
26,022
Population
12,901
Households
2
Avg Household Size
33
Median Age
74%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
17,348
Density / Sq Mi
$126,102
Median Household Income
$73,055
Median Earnings
$2,424
Median Rent
$930,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Specialty property - For-sale apartment building offering residential income potential in Somerville, MA.
Where is this specialty property located?
The property is located at 300 Somerville Avenue Somerville, MA.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Apartment building built in 2023; For‑sale apartment building in Somerville, MA
