This 21-unit, 42 bedroom building boasts a CAP rate of just over 5%, 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/Somerville Line. 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 for the savvy investor.
Property Details
Price:
$9,500,000
MLS #:
73440882
Status:
Active
Beds:
4
Baths:
2
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
Listed Date:
Oct 8, 2025
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
Bathrooms
2 Full Bathrooms
Exterior
Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Bike Path, Highway Access, Private School, Public School, T-Station, University
Financial
Tax Year
2024
Taxes
$58,939
Map
Community
- Address8 Craigie Street Somerville MA
- CitySomerville
- CountyMiddlesex
- Zip Code02143
Subdivisions in Somerville
Market Summary
Current real estate data for Multi Family in Somerville as of Oct 30, 2025
78
Multi Family Listed
125
Avg DOM
468
Avg $ / SqFt
$1,581,100
Avg List Price
Property Summary
- 8 Craigie Street 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#73440882 at 8 Craigie Street in Somerville, MA, contact your Cornerstone Real Estate agent at 617-238-7400.
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8 Craigie Street
Somerville, MA