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
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

ZONING

Zoning Code RB
  • Listing ID: 25298729

  • Date on Market: 3/21/2022

  • Last Updated:

  • Address: 147 Central St, Somerville, MA 02145