$9,500,000

8 Craigie St Somerville, MA 02143

Spring Hill Neighborhood

Estimated payment $54,883/month

Total Views 10,283
4 Beds
2 Baths
25,164 Sq Ft
$378 Price per Sq Ft

Highlights

  • 0.23 Acre Lot
  • Property is near public transit
  • Jogging Path
  • Somerville High School Rated A-
  • Tennis Courts
  • 3-minute walk to Dickerman Playground

About This Home

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.

Listing Agent

Greene Group

Compass Listed on: 10/08/2025

Compass

Co-Listing Agent

Lance Greene

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $58,939

Year Built

  • Built in 1920

Lot Details

  • 10,124 Sq Ft Lot
  • Level Lot

Home Design

  • Block Foundation

Interior Spaces

  • 25,164 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Location

  • Property is near public transit
  • Property is near schools

Listing and Financial Details

  • Legal Lot and Block 70 / A
  • Assessor Parcel Number 752913

Community Details

Recreation

  • Tennis Courts
  • Park
  • Jogging Path
  • Bike Trail

Additional Features

  • 21 Units
  • Shops
  • Net Operating Income $239,976

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$58,939

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1920
  • Levels: 3
  • Year Built Details: Approximate
  • APOD AVAILABLE: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Above Grade Finished Sq Ft: 25164
  • Living Area: 25164
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN2383

Exterior Features

  • Foundation Details: Block
  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Bike Path, Highway Access, Private School, Public School, T-Station, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: 752913
  • Zoning: RB
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10124
  • Lot Size Units: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 58939
  • Tax Block: A
  • Tax Lot: 70

Multi Family

  • Net Operating Income: 239976
  • Number Of Units Total: 21
  • Total Actual Rent: 19998
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: Y
  • LEASE 1: Y

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2025 10/08/25 For Sale $9,500,000 0.0% $378 / Sq Ft
03/28/2014 03/28/14 Rented $2,000 0.0% --
03/28/2014 03/28/14 For Rent $2,000 -- --
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73440882

MLS Property Information Network (MLS PIN)
Massachusetts Middlesex County Somerville 02143 Spring Hill

8 Craigie St, Somerville, MA

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MLS Property Information Network (MLS PIN) 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 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 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, or as to the accuracy of any of the Images, set forth herein.

Nearby Homes
Greene Group
Listing Agent
Greene Group
Section Image
Compass
(617) 675-4631