8 Craigie St Somerville, MA 02143
Spring Hill NeighborhoodEstimated payment $52,545/month
Highlights
- Granite Flooring
- 0.23 Acre Lot
- Living Room
- Somerville High School Rated A-
- Window Unit Cooling System
- 3-minute walk to Dickerman Playground
About This Home
CSQ Realty is pleased to present the Craigie Street Apartments, a fully-occupied 21-unit, 42-bedroom multifamily property situated on a 0.23-acre parcel in the heart of Somerville, Massachusetts.Located just steps from Porter Square, the property offers immediate access to the MBTA Red Line, Harvard University, Lesley University, MIT, and a vibrant retail corridor — positioning it as a premier asset for students, faculty, and young professionals.All 21 units are currently leased under lease agreements expiring in 2027, delivering day-one cash flow with significant mark-to-market upside.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $61,124
Year Built
- Built in 1920
Lot Details
- 10,124 Sq Ft Lot
- Sloped Lot
Interior Spaces
- 18,873 Sq Ft Home
- 3-Story Property
- Living Room
- Basement Fills Entire Space Under The House
Kitchen
- Freezer
- Dishwasher
- Disposal
Flooring
- Wood
- Granite
Bedrooms and Bathrooms
- 42 Bedrooms
- 21 Full Bathrooms
Utilities
- Window Unit Cooling System
- Baseboard Heating
Listing and Financial Details
- Rent includes unit 1(water), unit 2(water)
- Assessor Parcel Number M:38 B:A L:70,752913
Community Details
Overview
- 21 Units
Building Details
- Operating Expense $151,563
- Net Operating Income $479,582
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 |
|---|---|---|---|---|
| 04/27/2026 04/27/26 | Pending | -- | -- | -- |
| 04/20/2026 04/20/26 | For Sale | $8,950,000 | 0.0% | $474 / 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: 73504124
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Ask me questions while you tour the home.