Multi-Family for Sale: 5-9 School St, Somerville, MA 02143

19 beds
11 full baths
7,000 sqft
$3,995,000
$3,995,000
5-9 School St, Somerville, MA 02143
19 beds
11 full baths
7,000 sqft
$3,995,000
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Price:
$3,995,000

Type Multi-Family
Beds 19
Total Baths 11 full baths
Square Feet 7,000 sqft
Lot Size 0.10 acres
Year Built 1920

City Somerville
County Middlesex

MLS 73303433
Status Active
DOM 1 days
**$247,782 Proforma NOI** The School Street Apartments is a 9-unit apartment complex located in the heart of Somerville near Union Square, featuring (6) 2-bedroom, 1-bathroom, (2) 3-bedroom, 2-bathroom, and (1) 1-bedroom, 1-bathroom units. There is a value-add opportunity at the property to perform light unit updates and raise rents to competitive market levels. Also available (not included in 5-9 School St price) is the 2 Quincy Street lot, an abutting development site of 0.14 acres under Somerville’s “Urban Residence (UR)” zoning, which allows one apartment building by right. Current ownership has plans drawn up for a 20-unit building with 4 floors. Less than a half mile from both the Porter Square and Gilman Square T-stops on the Green Line and Commuter Rail, and steps away from MBTA Bus Routes on Somerville Ave, the property offers direct access to employment centers in Downtown Boston, Somerville, and Cambridge.

Lot & Building Features

Construction Brick
Sewer Public Sewer
Tax Year 2024
Taxes Paid $28,902
Water Public
Foundation Other
Roof Rubber
Full Baths 11
Total Rooms 99
Basement Feature Full
Garage Spaces 0

Price History of 5-9 School St, Somerville, MA

Date Name Price Difference
10/17/2024 Listing Price $3,995,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 5-9 School St, Somerville, MA

Location Map Street View
Photo of Lisa Daley
Direct: 508-783-7409
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Berkadia Real Estate Advisors LLC, Nicholaus Jasinski
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5-9 School St (MLS #73303433) is a multi-family listing located in Somerville, MA. This multi-family listing is 7,000 sqft and on a lot of 4,356 sqft (or 0.10 acres) with 19 bedrooms, 11 baths and is 104 years old. This property was listed on 10/17/2024 and has been priced for sale at $3,995,000.

Nearby zip codes are 02138, 02139, 02140, 02141 and 02145. This property neighbors other cities such as Cambridge, Medford and Stoneham.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Berkadia Real Estate Advisors LLC

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein.