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8 Craigie St, Somerville MA 02143 - Preview 1 8 Craigie St, Somerville MA 02143 - Preview 2 8 Craigie St, Somerville MA 02143 - Preview 3 8 Craigie St, Somerville MA 02143 - Preview 4 8 Craigie St, Somerville MA 02143 - Preview 5 8 Craigie St, Somerville MA 02143 - Preview 6
8 Craigie St, Somerville MA 02143 - Preview 1 8 Craigie St, Somerville MA 02143 - Preview 2 8 Craigie St, Somerville MA 02143 - Preview 3 8 Craigie St, Somerville MA 02143 - Preview 4 8 Craigie St, Somerville MA 02143 - Preview 5 8 Craigie St, Somerville MA 02143 - Preview 6

8 Craigie St, Somerville MA 02143

Somerville, MA 02143 • Spring Hill
$8,950,000
Est. $50,550/month
42
Beds
21
Baths
18,873
Sq Ft
$474
Price/Sq Ft
0.23
Acres
1920
Year Built
5+ Family - 5+ Units Up/Down
Type
20
Days on Market
Pending Listed Apr 20, 2026 • MLS# 73504124 Copied! • Updated Jun 28, 2026

About this home

CSQ Realty is pleased to present the Craigie Street Apartments, a fully-occupied 21-unit, 42-bedroom multifamily property situated on a 0.23-acre parcel in the heart of Somerville, Massachusetts.Located just steps from Porter Square, the property offers immediate access to the MBTA Red Line, Harvard University, Lesley University, MIT, and a vibrant retail corridor — positioning it as a premier asset for students, faculty, and young professionals.All 21 units are currently leased under lease agreements expiring in 2027, delivering day-one cash flow with significant mark-to-market upside.

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A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

Recently Sold Nearby

Property History

Market Insights

Property Timeline

📋
Status: Active under contract
Apr 28, 2026
Active → Active Under Contract
⏳
Pending Sale
Apr 27, 2026
Offer accepted, sale pending
🏠
Listed for Sale
Apr 20, 2026
$8,950,000
Original listing

Tax History

Year Taxes Assessment
2025 $61,124 $5,602,600

Financial Details

Annual Property Tax
$61,124
Tax Year 2025
Assessed Value
$5,602,600

Facts & Features

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1920
Living Area 18,873 sq ft
Lot Size 0.23 acres
Bedrooms 42
Full Baths 21
Total Rooms 99

Investment Metrics

Units 21
Unit 1 Rent $2,900/mo · Y
Unit 2 Rent $2,750/mo · Y
Total Monthly Rent $5,650/mo
Gross Income $631,145
Net Operating Income $479,582
Operating Expenses $151,563
Cap Rate 5.36%
Heating Baseboard
Cooling Window Unit(s)
Flooring Hardwood
Appliances Dishwasher, Disposal, Refrigerator, Freezer
Fireplace None
Basement Full
Laundry None
Features Other, Living Room, Kitchen
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $61,124
Assessed Value $5,602,600
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures Broker Ownership Interest: Listing Broker Patrick W. Barrett, License #151786, Has Partial Ownership In This Property. Full Written Conflict-of-interest Disclosure Per 254 Cmr 3.00 And Buyer Acknowledgment Required Before Any Offer Is Accepted
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Middlesex
Total market time (incl. prior listings) 22 days

Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1920
Bedrooms
42
Full Bathrooms
21
Living Area
18,873 sq ft
Total Rooms
99
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Hardwood
Appliances: Dishwasher, Disposal, Refrigerator, Freezer
Interior Features: Other, Living Room, Kitchen
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1920
Structure Type:
Exterior Materials:
Roof:
Foundation: Granite
Stories: 3

Heating, Cooling & Utilities

Heating: Baseboard
Cooling: Window Unit(s)
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Sloped
Road Surface:

Parking & Garage

Parking Features:
School District
Somerville School District local
B-
✓ School Safety 2024-25
2.5% Average
1.4% Suspensions 2.2% In-School 1.1% Emergency
↓ 3.0% below state avg
E

Elementary Schools

3 schools
St. Theresa of the Child Jesus School
0.2 mi
Grades PK-08
A+
Maria L. Baldwin School
0.3 mi | #55 of 824 | Score: 62.0
Dropped 52 spots from last year
+3.8 above state avg
360 students Diverse
Diverse Student Body
Grades PK-05
A
John F Kennedy School
0.3 mi | #50 of 352 | Score: 56.7
Improved 5 spots from last year
-1.5 below state avg
439 students Diverse
Grades PK-08
M

Middle Schools

3 schools
Allium Montessori School
0.6 mi
Grades 01-06
Next Wave Junior High School
0.9 mi
16 students Diverse
Diverse Student Body
Grades 06-08
A
Rindge Avenue Upper School
0.9 mi | #67 of 352 | Score: 54.3
Dropped 2 spots from last year
-3.9 below state avg
292 students Diverse
Diverse Student Body
Grades 06-08
H

High Schools

3 schools
F
Full Circle High School
0.9 mi | #344 of 346 | Score: 17.3
Improved 22 spots from last year
-40.9 below state avg
67 students Diverse
Rising School Career Tech Programs College Ready Curriculum Diverse Student Body
Grades 09-12
B+
Somerville High School
0.9 mi | #131 of 346 | Score: 57.1
Improved 111 spots from last year
-1.1 below state avg
1,394 students Diverse
17 sports • 1,566 athletes
Rising School Career Tech Programs Strong Athletics Diverse Student Body
Grades 09-12
Curtis-Tufts School
1.2 mi
11 students Diverse
Diverse Student Body
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $5,094
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

Spring Hill

8 Craigie St, Somerville MA 02143

Somerville, MA 02143

Listing Information

Listing Agent Patrick Barrett
Listing Office CSQ Realty, LLC
Office Phone 617-778-3521
Agent MLS ID CN228459
Office MLS ID AN4504
Listing Data Updated Jun 28, 2026 10:04 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steven Novak
Steven Novak
BMN Boston Real Estate
(617) 955-2224 mail@steve-novak.com
Ask about this property — free, no obligation.

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8 Craigie St, Somerville MA 02143 - Photo 1 8 Craigie St, Somerville MA 02143 - Photo 2 8 Craigie St, Somerville MA 02143 - Photo 3 8 Craigie St, Somerville MA 02143 - Photo 4 8 Craigie St, Somerville MA 02143 - Photo 5 8 Craigie St, Somerville MA 02143 - Photo 6
Steven Novak

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BMN Boston Real Estate

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