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.
— MLSPIN #: 73440882Map of 8 Craigie Street, Somerville, MA 02143
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| List Price: | $9,500,000 |
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| Status: | Active |
| MLS ID: | 73440882 |
| Town: | Somerville |
| County: | Middlesex |
| Zip: | 02143 |
| Property Type: | Residential Income |
| Property Sub Type: | 5+ Family - 5+ Units Up/Down |
| Bedrooms: | 4 |
| Full Baths: | 2 |
| Living Area: | 25,164 sqft |
| Acres: | 0.23 |
| Taxes: | 58,939 |
| Lot Features: | Level |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1920 |
| Directions: | Somerville Avenue and Craigie Street |
| Foundation Details: | Block |
| Postal Code Plus4: | 2410 |
| Listing Contract Date: | 2025-10-08 |
| Lot Size Area: | 0.23 |
| Lot Size Square Feet: | 10,124 |
| Rooms Total: | 93 |
| Bathrooms Total Integer: | 2 |
| Building Area Source: | Public Records |
| Building Area Total: | 25,164 |
| Community Features: | Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Bike Path, Highway Access, Private School, Public School, T-Station, University |
| Levels: | 3 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 21 |
| Parcel Number: | 752913 |
| Sewer: | Public Sewer |
| Zoning: | RB |
| Stories Total: | 3 |
| Year Built Source: | Public Records |
| Disclosures: | Seller is a licensed real estate broker. |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $239,976 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | Yes |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 1 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $377.52 |
| Page: | 447 |
| Price Per Sqft: | $377.52 |
| Square Feet Incl Base: | No |
| Net Operating Income: | $239,976 |
| Original List Price: | $9,500,000 |
| Tax Assessed Value: | $560,260 |
| Tax Year: | 2024 |
| Total Actual Rent: | $19,998 |
| Year Built Details: | Approximate |
| Bedrms 1: | 2 |
| Bedrms 2: | 2 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| Rent1: | 9,999 |
| Rent2: | 9,999 |
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on December 15, 2025 12:10 AM
Property Last Updated: October 12, 2025 03:08 AM
Listing Courtesy of: Compass
Listing Agent: Donahue + Greene Group
