Prime investment opportunity in bustling Union Square! This 12-unit apartment property with 16 parking spaces is a cash flowing dream property! Immediately proximate to the new Union Square train station and significant area improvements to infrastructure, commercial property, and community spaces. All apartments are presently graciously sized two bedrooms, mostly updated, several with in-unit laundry (coin-ops also in basement). September 2024 Projected Rent Roll is $47,200 per month (only two parking spaces unrented for upcoming year). Historical operating expenses of approximately $65,000. Projected NOI of approximately $500,000!
Sold for $7,545,000
$7,545,000
250-256 Somerville Ave, Somerville, MA 02143
24beds
13,543sqft
5-9 Family
Built in 1910
-- sqft lot
$-- Zestimate®
$557/sqft
$2,764 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,764/mo
Zestimate® history
Owner options
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$2,764/mo
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$2,764/mo
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$47,441/mo
Est. payment
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$47,441/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
William Senne,
Senne 617-314-9400,
Moises Martinez 857-204-8003
Bought with:
Yan Rong
United Real Estate, LLC
Source: MLS PIN,MLS#: 73222468
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 12
- Full bathrooms: 12
Features
- Flooring: Wood
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 13,543
- Total interior livable area: 13,543 sqft
Property
Parking
- Total spaces: 12
- Parking features: Paved Drive, Off Street, Assigned, Driveway
- Uncovered spaces: 12
Features
- Has view: Yes
- View description: City View(s)
Lot
- Size: 0.28 Acres
Details
- Zoning: Res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Foundation: Concrete Perimeter, Brick/Mortar
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station, University
Location
- Region: Somerville
Financial & listing details
- Price per square foot: $557/sqft
- Tax assessed value: $3,534,000
- Annual tax amount: $37,178
- Date on market: 10/16/2025
- Total actual rent: 5150
Price history
| Date | Event | Price |
|---|---|---|
| 9/16/2024 | Sold | $7,545,000-5.6%$557/sqft |
Source: MLS PIN #73222468 Report a problem | ||
| 7/23/2024 | Price change | $7,995,000-4.8%$590/sqft |
Source: MLS PIN #73222468 Report a problem | ||
| 7/22/2024 | Listed for sale | $8,400,000$620/sqft |
Source: MLS PIN #73222468 Report a problem | ||
| 7/1/2024 | Listing removed | $8,400,000$620/sqft |
Source: MLS PIN #73222468 Report a problem | ||
| 5/16/2024 | Listed for sale | $8,400,000-5.5%$620/sqft |
Source: MLS PIN #73222468 Report a problem | ||
| 5/1/2024 | Contingent | $8,888,000$656/sqft |
Source: MLS PIN #73222468 Report a problem | ||
| 4/10/2024 | Listed for sale | $8,888,000$656/sqft |
Source: MLS PIN #73222468 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Union Square
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Nearby schools
GreatSchools rating
- 7/10Albert F. Argenziano School At Lincoln ParkGrades: PK-8Distance: 0.3 mi
- 6/10Somerville High SchoolGrades: 9-12Distance: 0.6 mi
- NACapuano Early Childhood CenterGrades: PK-KDistance: 0.4 mi
- Massachusetts
- Middlesex County
- Somerville
- 02143
- Union Square
- 250-256 Somerville Ave
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