$9,500,000
8 Craigie Street
Somerville, MA, 02143
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.
Property Details
Price:
$9,500,000
MLS #:
73440882
Status:
Active
Beds:
4
Baths:
2
Address:
8 Craigie Street
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Somerville
Listed Date:
Oct 8, 2025
State:
MA
Finished Sq Ft:
25,164
Total Sq Ft:
25,164
ZIP:
02143
Lot Size:
10,124 sqft / 0.23 acres (approx)
Year Built:
1920
Units:
21
Schools
Interior
Bathrooms
2 Full Bathrooms
Exterior
Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/ Jog Trails, Bike Path, Highway Access, Private School, Public School, T- Station, University
Financial
Tax Year
2024
Taxes
$58,939
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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8 Craigie Street
Somerville, MA
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