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
Price:
$9,500,000
MLS #:
73482885
Status:
Active
Beds:
42
Baths:
21
Type:
Multi Family
Listed Date:
Mar 4, 2026
Finished Sq Ft:
25,164
Total Sq Ft:
25,164
Lot Size:
10,124 sqft / 0.23 acres (approx)
Year Built:
1920
Units:
21
See this Listing
Schools
Interior
Above Grade Finished Area
25164
Bathrooms
21 Full Bathrooms
Flooring
Wood, Tile
Heating
Forced Air
Levels
3
Exterior
Community Features
Public Transportation, Shopping, Public School, T-Station, University
Construction Materials
Frame
Lot Features
Corner Lot
Roof
Rubber
Stories
3
Financial
Tax Year
2024
Taxes
$58,939
Map
Community
- Address8 Craigie St. Somerville MA
- CitySomerville
- CountyMiddlesex
- Zip Code02143
Subdivisions in Somerville
Market Summary
Current real estate data for Multi Family in Somerville as of Apr 02, 2026
65
Multi Family Listed
149
Avg DOM
488
Avg $ / SqFt
$2,140,567
Avg List Price
Property Summary
- 8 Craigie St. Somerville MA is a Multi Family for sale in Somerville, MA, 02143. It is listed for $9,500,000 To schedule a showing of MLS#73482885 at 8 Craigie St. in Somerville, MA, contact your Cornerstone Real Estate agent at 617-238-7400.
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8 Craigie St.
Somerville, MA