147 Central St | Somerville, MA 02145
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147 Central St
Somerville, MA 02145
Multifamily Property For Sale · 4 Units
Investment Highlights
- Rare mixed-use building with high visibility retail space
- Huge 4-5 Bedroom residential units with strong upside potential on rents
- Awesome location minutes to Magoun Square and new Green Line expansion
Executive Summary
Priced to sell! Come see a rarely available mixed-use retail/residential building in a PRIME Somerville location near Magoun Square and the Green Line extension. Great corner visibility and signage. Both ground-level retail spaces are leased through 2026. Above, find two full-floor 4+ bedroom apartments with living room, eat-in kitchen, pantry and a large home office/potential bedroom. These residential units offer beautiful detail, hardwood flooring and an ideal layout. The new Gilman Square Green Line station will offer easy access to Boston, or stay in town and visit some of Somerville's best restaurants, shopping and more. Priced for immediate sale with over $100,000 of gross income in place with the potential for future rent increases on both the retail AND residential units. Rare to find this much space in this great a location under $2 million - priced for immediate sale.
PROPERTY FACTS
| Price Per Unit | $398,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 4 | Building Size | 5,316 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built | 1900 |
| Price Per Unit | $398,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,316 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
PROPERTY TAXES
| Parcel Number | SOME-000048-F000000-000015 | Improvements Assessment | $873,000 |
| Land Assessment | $545,300 | Total Assessment | $1,418,300 |
PROPERTY TAXES
Parcel Number
SOME-000048-F000000-000015
Land Assessment
$545,300
Improvements Assessment
$873,000
Total Assessment
$1,418,300
zoning
| Zoning Code | RB |
| RB |
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