Multi-Family for Sale: 1 Beacon St, Somerville, MA 02143

16 beds
8 full baths
6,812 sqft
$4,400,000
$4,400,000
1 Beacon St, Somerville, MA 02143
16 beds
8 full baths
6,812 sqft
$4,400,000
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Price:
$4,400,000
$150,000 - 06/12/2024

Type Multi-Family
Beds 16
Total Baths 8 full baths
Square Feet 6,812 sqft
Lot Size 0.13 acres
Year Built 1900

City Somerville
County Middlesex

MLS 73226159
Status Pending
DOM 71 days
One Beacon, 6.70% 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.

Lot & Building Features

Appliances Dryer, Washer
Cooling Central Air
Heating Forced Air
Sewer Public Sewer
Tax Year 24
Taxes Paid $30,909
Water Public
Foundation Other
Exterior Features Balcony/Deck
Roof Rubber
Full Baths 8
Parking Off Street
Total Rooms 24
Basement Feature Unfinished
Garage Spaces 0

Price History of 1 Beacon St, Somerville, MA

Date Name Price Difference
06/12/2024 Price Adjustment $4,400,000 3.30%
06/05/2024 Price Adjustment $4,550,000 1.09%
04/19/2024 Listing Price $4,600,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 1 Beacon St, Somerville, MA

Location Map Street View
Photo of Terri Brunette
Direct: 603-964-7000
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Horvath & Tremblay, John Pentore
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1%
6.75%
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Principal & Interest
Monthly Taxes
Monthly HOA
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1 Beacon St (MLS #73226159) is a multi-family listing located in Somerville, MA. This multi-family listing is 6,812 sqft and on a lot of 5,662 sqft (or 0.13 acres) with 16 bedrooms, 8 baths and is 124 years old. This property was listed on 04/19/2024 and has been priced for sale at $4,400,000.

Nearby zip codes are 00000, 02138, 02139, 02141 and 02144. This property neighbors other cities such as Boston, Cambridge and Medford.

MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Horvath & Tremblay

The property listing data and information 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 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 set forth herein.