Investment Properties for Sale in Somerville MA

MLS Number 73089799

• MultiFamily
• Bedrooms 99
• Bathroom 198
• Square Feet 9,999
• Parking Spaces 20

FIVE STORY MIXED USE DEVELOPMENT PROJECT. Comprised of 2 parcels w/ over 11,000 sq ft of land & being sold as a package. ZONED MR5. Potential buildout w/ TYPICAL CONSTRUCTION WILL ALLOW UP TO 28 UNITS and approx 31,970 gross sq ft of building and approx 1,125 average per unit size OR building as a NET ZERO BUILDING...YOU CAN PUT UP TO 37 MAXIMUM UNITS with approx 577 sq ft more or less. Addtnl COMMERCIAL SPACE OF UP TO 5000 SQ FT is allowed. One parking space required per unit...there is enough for up to 23 spaces on site. Specital permit for relief regarding parking needed to achieve maximum number of units. SELLER WILL WAIT FOR BUYER TO RECEIVE PROJECT APPROVALS BEFORE CLOSING. Buyer responsible for all fees incl but not limited to architects fees, attorney fees etc necessary to obtain approvals. Affordable requirement for City of Somerville is 20%. GREAT LOCATION rated a WALKER'S PARADISE SCORE OF 95. Insanely convenient...UNDER A MILE TO GREEN AND ORANGE LINE SUBWAY STOPS.

Listed by The Steve Bremis Team and Stephen Bremis of Steve Bremis Realty Group

MLS Number 73089494

• CommercialSale
• Zoning 4050

The ultimate “live, work, play” condo in the heart of downtown Somerville’s exciting innovation corridor and thriving cultural and dining scene. This sunny and architecturally striking industrial space is built to the highest standards and provides endless options for living and working in luxury and style. With gleaming wood floors, exposed brick walls, steel girders and columns, and soaring 16’ ceilings, it blends the best of an urban loft with the convenience of potential studio, commercial and living spaces. The sprawling main floor features a kitchenette with built-in cubbies and potential living room (currently serving as reception area), separated by custom swiveling barn-style door opening into expansive living area (now used as studio space) with a separate room (now used as an office) offering potential for a bedroom or den. A custom spiral staircase rises to a bright and warm private office that offers potential for a bedroom. Includes two deeded parking spaces on site.

Listed by Amanda Armstrong Group and Amanda Armstrong of Compass

MLS Number 73088129

• MultiFamily
• Bedrooms 6
• Bathroom 2
• Square Feet 2,487
• Parking Spaces 1

Attention all Contractors, Developers or Builders. Fantastic opportunity to pick up a LARGE 2-family in convenient Teele Sq! Excellent size & floorplan boasting 3 bedrooms per fl. You also have an expansive, full walk up, unfinished 3rd fl. Couple that with a large unfinished basement with good ceiling height and the possibilities are endless! There is also a great size backyard. Short distance to the Redline Davis T station along with the now open Green Line Extension; a stone's throw from Tufts campus ensures strong housing demand for decades to come! With the right RENO, building can produce an income of $10,000+. Explore a potential condo conversion, as the current living arrangement in the building favors a relatively quick application approval. Ask agent for more info. Property to be delivered VACANT. Will not qualify for conventional financing, needs extensive renovation. GROUP SHOWINGS ONLY, no public open houses. Fri. 4:30-6pm, Sunday 12-2pm. Showings w/ a signed waiver only.

Listed by Sabbor Sheikh of Coldwell Banker Realty - Boston

MLS Number 73087497

• MultiFamily
• Bedrooms 6
• Bathroom 4
• Square Feet 4,233

Nestled in the heart of Union Square lies a Stately 4-family property spanning a spacious 4233 square feet. Comprising of 2-1-bedroom units and 2-2-bedroom. This property features a garage with two spaces, a driveway and is fully leased. Owned by the same family for over 35 years, this property is an excellent investment opportunity for investors and developers alike. The ongoing redevelopment in Union Square, including new construction and infrastructure improvements, is increasing demand for properties in the area. Plus, its proximity to public transportation (including the recently opened New Green Line T) and the vibrant cultural scene makes this property an attractive option for all types of buyers. Located close to Assembly Square and more, this is the perfect opportunity to be a part of the exciting developments in Union Square!

Listed by Jack Lister and Joanne Vanstry of Berkshire Hathaway HomeServices Verani Realty

MLS Number 73087461

• MultiFamily
• Bedrooms 6
• Bathroom 4
• Square Feet 3,223
• Parking Spaces 3

Your Investment Opportunity has arrived! This incredible 3-unit building in Winter Hill features spacious and well maintained units with hardwood floors and light-filled rooms. Each unit has an eat-in kitchen and bathrooms with shower/tub combos. The larger units feature a dining room as well. Outdoor porches are found in each unit with a large common area porch/ balcony in front and a patio in back. Features include walk-out basement with a shared laundry room and separate bathroom, Laundry in Units 1 and 2, a detached garage and off- street parking. All units are fully rented. With a Walk Score of 88, a Bike Score of 83 and a Transit Score of 61, you have access to Assembly Row, I-93, Downtown Somerville and the Green Line Extension.

Listed by Lina Kriva Homes International Group, Christin Aoude, Lina Kriva and Erik Patriquin of Keller Williams Realty Boston-Metro | Back Bay

MLS Number 73087287

• MultiFamily
• Bedrooms 6
• Bathroom 3
• Square Feet 2,850
• Parking Spaces 3

Amazing investment property in great location-- Great for the owner occupant or savvy investor. This 3 unit building is just .5 miles from near the new Gilman Sq green line, .6 miles to Union Sq, and about a mile to Harvard and Porter Squares (red line). Restaurants, shops, universities and public transit are all a stone's throw away.Each unit is 4 rooms, 2 beds and 1 bath. They have hardwood floors, have been recently renovated, in-unit laundry & lots of light. Owner's unit is on first floor. Second floor just moved out in March and will be delivered vacant. The third floor is rented through 8/31/2023 at 2800/month. There's a 3 car tandem driveway, garden area and patio. Updates include: roof 2012, Unit 1 heater and tankless hot water installed in 2015, complete unit remodeled in 2017. Unit 2 water heater is 2015, heating system older, and kitchen was remodeled in 2022. Unit 3 water heater is 2015, kitchen and bath remodeled in 2018. Exterior painted in 2015.

Listed by Katherine Malin of Compass

MLS Number 73086958

• MultiFamily
• Bedrooms 9
• Bathroom 4
• Square Feet 3,406
• Parking Spaces 1

Unique opportunity for an owner to invest and live in a unit with high rents to offset mortgage in a hot real estate market. Oversized & sunny 3-unit Dutch Colonial offers an opportunity to move in and lease other units. This pristine home is updated & renovated including kitchens, baths, appliances, fixtures, moldings, french doors with gleaming hardwood flooring & sizeable decks. First floor has accessibility to lower level with an office/playroom & full bath and brand-new gas heating system. Capitalize on this attractive upgraded multifamily as a homeowner or investor with a steady monthly cash flow. Close proximity to Sullivan Square Station, Green line extension, Supermarkets, less than 1 mile to Assembly Row with great restaurants & shopping and Tufts University. Easy access to Route 93 North & South and Boston. 1 car off street parking.

Listed by Leslie Grover and Danny Zelada of Grover Group Real Estate LLC

MLS Number 73083938

• MultiFamily
• Bedrooms 9
• Bathroom 18
• Square Feet 15,789
• Parking Spaces 4

Presenting the 42 North Portfolio, a 4-building boutique urban portfolio located in Charlestown and Somerville, Massachusetts. Totaling 15 units, this portfolio is strategically located in two of Boston’s most desirable neighborhoods, both offering enviable access to major employers, retail and transportation.The 42 North Portfolio consists of four properties that have been fully renovated, with three of the four 100% leased. The renovations ranged from updating kitchens and bathrooms to full gut renovations of several units. Ideally located along several bus lines and within walking distance of the MBTA’s Orange and Green lines, these properties are perfect for residents looking for more space with access to employment opportunities in downtown Boston and Cambridge.

Listed by Christopher Sower of Cushman & Wakefield

MLS Number 73083937

• MultiFamily
• Bedrooms 8
• Bathroom 5
• Square Feet 2,985

Presenting 14-16 Crescent Street, a 3-unit boutique apartment building located in Somerville, MA. It is strategically located in one of Boston's most desirable neighborhoods, offering enviable access to major employers, retail and transportation. This property has been fully renovated and is located along several bus lines and within walking distance of the MBTA Green Line.

Listed by Christopher Sower of Cushman & Wakefield

MLS Number 73083936

• MultiFamily
• Bedrooms 10
• Bathroom 4
• Square Feet 3,608

Presenting 10 Greenville Street, a 3-unit boutique apartment building located in Somerville, MA. It is strategically located in one of Boston's most desirable neighborhoods, offering enviable access to major employers, retail and transportation. This property has been fully renovated and is located along several bus lines and within walking distance of the MBTA Green Line.

Listed by Christopher Sower of Cushman & Wakefield

MLS Number 73083935

• MultiFamily
• Bedrooms 16
• Bathroom 8
• Square Feet 6,812
• Parking Spaces 4

Presenting 1-3 Beacon Street, a 6-unit boutique apartment building located in Somerville, MA. It is strategically located in one of Boston's most desirable neighborhoods, offering enviable access to major employers, retail and transportation. This property has been fully renovated and is located along several bus lines and within walking distance of the MBTA Green Line.

Listed by Christopher Sower of Cushman & Wakefield

MLS Number 73081236

• CommercialSale
• Square Feet 5,552
• Acreage 0.21
• Zoning MR4

Somerville opportunity for residential/commercial development or investment. Zoned as MR4 and is not considered historical. The property is currently being used as 4 storefronts. 2 storefronts are vacant, and the other 2 are rented. 14 parking spots are located on the backside of the building with direct access to Highland Ave. The property is in close proximity to the new Green Line T stops and Somerville High School.

Listed by Waypoint Realty Group and Joe Flanagan of Coldwell Banker Realty - Boston

MLS Number 73081185

• MultiFamily
• Bedrooms 5
• Bathroom 4
• Square Feet 2,813
• Parking Spaces 4

TUFTS CAMPUS AND LESS THAN HALF A MILE TO THE NEWLY OPENED TUFTS GREEN LINE...GUT RENOVATED TWO FAMILY WITH REMOVAL PERMITS AND CONDO DOCS...OVERSIZED GARAGE w/ elect garage dr opener & elect car chargers. FINISHED STAIRWELL TO EASILY FINISHED 777 SQ FT BASEMENT. Every attention to detail throughout this gorgeous gut renovation. Bilevel OPN FLR PLANS...ULTRA LUXURIOUS UNITS. CHEF'S KITCHENS w/ DROP DOWN UNDER CABINET TV in upstairs unit, oversized curved breakfast island, under island/cabinet lighting & custom finishes. Upstairs features extra wide plank 7" blonde solid hrdwd floors. Rustic individually hand made rectangular white tiles accent the kitchen backsplash & dining room wall. Loft Upstairs Master Suite. Master Bath incl Crosswater Vanity from London, Toto bidet/heated toilet and round celling to roof skylights. Dowstairs master bath features BUILT IN MIRROR VANISHING TV. Both units feature ship lap private rear decks. Less than a mile to Davis Sq. GROSS MONTHLY RENT $8,200!

Listed by The Steve Bremis Team of Steve Bremis Realty Group

MLS Number 73078822

• MultiFamily
• Bedrooms 8
• Bathroom 3
• Square Feet 2,582
• Parking Spaces 3

Location! Commuter's/Rental's Dream - Walk to new Green Line Extension Gilman Square right next to City Hall now open! Very Large 2 family house with 3 floors of living First unit has 3 bedrooms, Second unit has 5 bedrooms on 2 levels of living. All new hardwood/bamboo floors, new cabinets and quartz countertop for unit 2. NEW ROOF installed in 2020, Lead paint compliance letter in-hand for unit 1 Only (Great for kids!). Separate electric panels, 2 Gas meters, 2 Gas furnaces, 2 gas hot water heaters, all units are Tenant occupied with "Tenancy at Will" leases. Great Paying Tenants! Large walk-out basement, shed in back for storage & Large Tandem Parking! Cert of Occupancy Attached! Property sold "AS IS"/"WHERE IS" Buyer/Buyer Agent to do due diligence to verify all info. Seller makes no warranties whatsoever. Assessed at $1,081,600. Don't miss out on this rare opportunity to own a 2 Fam! Showing to pre-approved buyers only.

Listed by Sue Radhey of The Great Boston Realty

MLS Number 73078007

• MultiFamily
• Bedrooms 6
• Bathroom 6
• Square Feet 4,579
• Parking Spaces 6

This premier 2 unit building is extensively rebuilt to offer luxurious amenities. Unit 1 comprises the 1st floor & lower level. Featuring 3 bedrooms & 2.5 bathrooms. Phenomenal primary suite with a custom bathroom including a walk-in shower. Ample space for an office & a recreation room. Unit 2 comprises the 2nd & 3rd floors. Featuring 3 bedroom & 3 bathrooms. The 3rd floor hosts a huge primary suite with a large custom bathroom, & a sitting room leading out to a roof deck. Interior highlights of both units include: Amazing kitchens that are the focal points of the open floor plans, with Carrara quartz islands; Open living/dining areas with gorgeous gas fireplaces; Timeless wide planked oak floors; Energy efficient mini-split systems; The outside features front & back porches, a large double wide stone paver driveway, & a back yard offering premium greenspace. Convenient location with a Walk Score ® of 91. Near shopping, Assembly Row, Somerville's best restaurants & the Orange Line.

Listed by Mike Cohen of Compass

MLS Number 73076129

• MultiFamily
• Bedrooms 10
• Bathroom 10
• Square Feet 5,427
• Parking Spaces 5

***LISTING UPDATED - 4 UNITS FULLY PERMITTED*** RARE OPPORTUNITY for investors/developers to purchase this historic Somerville property. The property is fully permitted with completed, approved construction drawings. The interior of the main structure has already been demolished and some framing has started. The proposed renderings would include 4 units: All units are designed with at least (2) bedrooms and (2) full bathrooms. The 2nd existing structure (NOT PERMITTED) creates an opportunity to maximize this lot by creating another 1-bedroom cottage or renovate the structure into an additional parking/storage/common area. The location is perfect: Excellent Walkability score, close to public transportation, walkable schools, convenient access to 93 N&S. Property will be delivered vacant.

Listed by Chad Boulay of Next Level Realty

MLS Number 73074593

• MultiFamily
• Bedrooms 7
• Bathroom 3
• Square Feet 3,377
• Parking Spaces 6

Here is the 3 family you have been waiting for. Great opportunity to either develop or call your home. This property is less than 1 mile from Davis Square and only seconds to the bus line and all major amenities. This home offers oversize apartments with large rooms, high ceilings and hardwood floors throughout all 3 units. All separate gas utilities, 3 car block garages and plenty of off-street parking. A well-maintained exterior and a large walkout basement for expansion possibilities and more....Property will not last. ***See Disclosures Regarding Rents****

Listed by Eric Kerr of EWK Realty

MLS Number 73069180

• MultiFamily
• Bedrooms 7
• Bathroom 3
• Square Feet 2,499
• Parking Spaces 2

Freshly renovated 2 Family! Just 0.7 miles to Davis Sq, this Teele Sq two-family is conveniently located minutes to Tufts, shops and restaurants. Easily access public transportation with nearby stops for the Red Line, Green Line, and 87 and 88 buses. Great public transportation, bus stops, grocery stores, bars, restaurants, and more! Bedrooms are spacious with good closet space as well, charming master suite on top floor. The kitchen has been new renovated with full stainless steel appliances and granite countertops. Gleaming hardwood floors, Central air, laundry in the unit. Not to mention the front and back porch! Take a tour before it's too late!

Listed by Angela Cui and Jie Lian of Keller Williams Realty

MLS Number 73068016

• MultiFamily
• Bedrooms 2
• Bathroom 5
• Square Feet 4,175
• Parking Spaces 12

60 Beacon Street is an existing 4 unit property as well as a premier development site located in Somerville, MA. The offering is comprised of 7,407 square feet of land and sits in a zoning district that allows 4 stories of residential development. The offering is located approximately half-a-mile from both the Porter Square and Harvard Square Red Line MBTA stops. Across the street from 60 Beacon Street a Whole Foods Market while right behind it sits Cambridge Hospital. Kendall Square and the surrounding office and lab markets pull tens-of-thousands of high wage-earners to Cambridge every day. On the Somerville side are the 2.3 MSF Union Square Station and the 1 MSF Boynton Yards projects, which will be completed over the next decade, will bring even more highly educated employees to the region, many of whom will choose to reside nearby. 60 Beacon Street is offered for sale on an un-priced basis.

Listed by Daniel Dewing of Boston Realty Advisors

MLS Number 73049221

• MultiFamily
• Bedrooms 6
• Bathroom 5
• Square Feet 2,899
• Parking Spaces 2

Let rental unit help pay your mortgage! Gut rehab 2 family. Fabulous location across from 14 acre Foss Park. Great opportunity to customize this spectacular 6 bedroom 2 Fam gut rehab on tree-lined side street. Outstanding craftsmanship with open floor plan and modern flare. Spacious kitchen with quartz countertops, stainless steel appliances, with separate eating area. 6 good sized bedrooms, Smart home technology (Ring doorbell, CAT6, Ethernet wiring), professional landscaping, 3 oversized decks for outdoor enjoyment and much more. Two off street parking spaces, easy access to Route 93, the Green Line extension Gilman Square coming soon! 87 walkable score and 88 bike score. Completion date scheduled for December. Pick your paint colors, tile, and countertops.

Listed by Stephanie Erb of Distinctive Properties LLC