8 Craigie Street, Somerville MA 02143

Somerville, MA 02143
$9,500,000
Est. $53,149/month
4
Beds
2
Baths
25,164
Sq Ft
$378
Price/Sq Ft
0.23
Acres
1920
Year Built
59
Days on Market
Active Listed Oct 8, 2025 • MLS# 73440882 Copied!

About this home

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 Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1920
Bedrooms
4
Full Bathrooms
2
Living Area
25,164 sq ft
Total Rooms
93
Stories
3
Levels
3

Facts & Features

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1920
Living Area 25,164 sq ft
Lot Size 0.23 acres
Bedrooms 4
Full Baths 2
Total Rooms 93

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $58,939
Assessed Value $560,260

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

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

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Parking Features:

Location

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Neighborhood

8 Craigie Street, Somerville MA 02143

Somerville, MA 02143

Walkability

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Schools

School information not available

Monthly Payment Calculator

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

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $4,912
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

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Current Rate
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+0.5% Rate
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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.

Property History

Property Timeline

🏠
Listed for Sale
Oct 8, 2025
$9,500,000
Original listing
Agent: Donahue + Greene Group Office: Compass

Price & Status History

Date Event Price Change
Oct 8, 2025 New Listing Added $9,500,000

Market Statistics

Days on Market
59 days
Price per Sq Ft
$378

Tax History

Year Taxes Assessment
2024 $58,939 $560,260

Financial Details

Annual Property Tax
$58,939
Tax Year 2024
Assessed Value
$560,260

Listing Information

Listing Agent Donahue + Greene Group
Listing Office Compass
Agent MLS ID TM342371
Office MLS ID AN2606
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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8 Craigie Street, Somerville MA 02143 - Photo 1 8 Craigie Street, Somerville MA 02143 - Photo 2 8 Craigie Street, Somerville MA 02143 - Photo 3 8 Craigie Street, Somerville MA 02143 - Photo 4 8 Craigie Street, Somerville MA 02143 - Photo 5 8 Craigie Street, Somerville MA 02143 - Photo 6 8 Craigie Street, Somerville MA 02143 - Photo 7 8 Craigie Street, Somerville MA 02143 - Photo 8 8 Craigie Street, Somerville MA 02143 - Photo 9 8 Craigie Street, Somerville MA 02143 - Photo 10 8 Craigie Street, Somerville MA 02143 - Photo 11 8 Craigie Street, Somerville MA 02143 - Photo 12 8 Craigie Street, Somerville MA 02143 - Photo 13

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