8 Craigie St Somerville, MA 02143
Spring Hill NeighborhoodEstimated payment $54,342/month
Highlights
- 0.23 Acre Lot
- Property is near public transit and schools
- Corner Lot
- Somerville High School Rated A-
- Wood Flooring
- 3-minute walk to Dickerman Playground
About This Home
This 21-unit, 42 bedroom building boasts a strong CAP rate, 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. 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 in an outstanding location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $58,939
Year Built
- Built in 1920
Lot Details
- 10,124 Sq Ft Lot
- Corner Lot
Home Design
- Block Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 25,164 Sq Ft Home
- Property has 1 Level
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 42 Bedrooms
- 21 Full Bathrooms
Additional Features
- Property is near public transit and schools
- Forced Air Heating System
Community Details
- 21 Units
- Shops
Listing and Financial Details
- Assessor Parcel Number 752913
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $61,124 | $5,602,600 | $1,428,000 | $4,174,600 |
| 2024 | $58,939 | $5,602,600 | $1,428,000 | $4,174,600 |
| 2023 | $57,931 | $5,602,600 | $1,428,000 | $4,174,600 |
| 2022 | $53,341 | $5,239,800 | $1,428,000 | $3,811,800 |
| 2021 | $45,068 | $4,422,800 | $1,428,000 | $2,994,800 |
| 2020 | $42,537 | $4,215,800 | $1,402,400 | $2,813,400 |
| 2019 | $39,503 | $3,671,300 | $1,402,400 | $2,268,900 |
| 2018 | $37,826 | $3,344,500 | $1,402,400 | $1,942,100 |
| 2017 | $36,623 | $3,138,200 | $1,323,000 | $1,815,200 |
| 2016 | $34,892 | $2,784,700 | $1,260,000 | $1,524,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/04/2026 03/04/26 | 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)
MLS Number: 73482885
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Ask me questions while you tour the home.