1 Beacon St Somerville, MA ^$ 4,600,000

1 Beacon St

^$ 4,600,000

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1 Beacon St

Somerville, MA, 02143

^$ 4,600,000

Bedrooms16 Baths8.0 Sq 6,812

Monthly Estimate*

^$ 30,573

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Multi-Family Home for sale in Somerville, MA

for $4,600,000 with 16 bedrooms and 8 full baths. This 6,812 square foot home was built in 1900 on a lot size of 0.13.

One Beacon, 6.41% cap rate with rental upside, is a turn-key asset exceptionally located in Somerville’s Inman Square neighborhood on the Cambridge border. The Property contains six units consisting of (4) 4-Bedroom/2-Bathroom units and two commercial units. The Property is fully leased and has undergone extensive interior unit renovations featuring condo quality finishes in the residential units including new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, vinyl plank floors as well as new forced hot air and central air-conditioning systems and Navien tankless hot water systems. The commercial tenant, Trina’s Starlite Lounge and Parlor Sports (both leased by one tenant), recently extended their lease for 5-years (through August 31, 2029) and reimburse their pro-rata share of Real Estate Taxes, Insurance and Utilities. Common laundry for tenants is located on the 2nd and 3rd floor.

Multi-Family Active

Price

^$ 4,600,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 30,909

Style

5-9 Family

Lot Size

0.13

Year Built

1900

Town/City

Somerville

County/Region

Middlesex

MLS | Web ID

73226159

List By

John Pentore

Listing Agent

Horvath & Tremblay

Broker

Affordability Calculator

$33,149

Per Month

Monthly Principal & Interest: $30,573
Monthly Property Taxes: $2,576
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Trends

Multi-family listings in Somerville, MA

Average List Price ^$2,287,530

Percent of Sale Price 50%

About Somerville, MA

81,036 Population

5% Since 2002

^$82,952 Median Income

36.55 Median Age

16% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
4/19/2024	$4,600,000		Listed Price

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1 Beacon St, Somerville, MA, 02143 is a Multi-Family Home for sale at $4,600,000 with 6,812 sqft and a lot size of 0.13. 1 Beacon St has 16 bedrooms, 8.0 baths, and was built in 1900. The property's zip code is 02143 which is in Somerville, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 6/3/2024.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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.

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1 Beacon St

Multi-Family Home for sale in Somerville, MA

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