$6,990,000 281 Highland Ave Somerville, MA

MLS: 73017870   Type: Multi-Family   County: Middlesex   City: Somerville   Area: Powderhouse   Zip: 02143   Style: 5+ Family - 5+ Units Up/Down   # Rooms: 71    Stories: 3   Taxes: $26,261

Mortgage $32,817 /mo



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Not available since 1947, this property represents an extraordinarily rare opportunity to acquire a generational asset located in a transit oriented location of Somerville’s bustling Highland Avenue corridor. Comprised of a mix of floorplans and additional basement space totaling 18,750 +/- GSF, the property is sited on ¼ acre and provides garage and open space parking options. Located ½ mile from Davis, Porter and Ball Squares. MBTA Red Line stations at Porter and Davis are 10 minutes by foot. Located 1 mile from Harvard University. An excellent value-add opportunity for investors in an extremely competitive market who may also benefit from future redevelopment of the site.

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Price History

7/27/2022 Listed $6,990,000

Basement Full, Interior Entry, Concrete, Slab, Unfinished
Building Area Units Square Feet
City Somerville
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University
Construction Materials Brick
County Middlesex
Directions Google
Disclosures Owner To Seek Use & Occupancy Agreement For Management Unit (#281-1a F) Through 8/31/23.
Electric 110 Volts, 220 Volts
Garage Spaces, Detached Garage 7
Garage Y/N Yes
Lot Size Square Feet 11000
MLS Area Powderhouse
Property SubType 5+ Family - 5+ Units Up/Down
Property Type Residential Income
Roof Rubber
Sewer Public Sewer
Showing Instructions Call List Office, Call List Agent, Property Tours Will Be Conducted Soon. Dates/Times To Be Announced.
Standard Status Active
Status Active
Street Name Highland Ave
Tax Annual Amount 26261
Tax Year 2022
TaxAssessedValue 2579700
Total Actual Rent 0
Total Rooms 71
Total Units 14
Waterfront Y/N No
Year Built 1900
Year Built Details Actual
Yearbuiltsource Public Records
Zoning UR

Interior Features

Fireplace Y/N No
Full Baths 14
Half Baths 0
Total Baths 14
Total Bedrooms 31
Total Fireplaces 0
Total Stories 3

Exterior Features

Building Area Total 13000
Covered Spaces 7
Foundation Details Stone, Granite
Frontage Length 100.00
Lot Size Acres 0.25
Lot Size Area 0.25
Lot Size Units Acres
Open Parking Y/N Yes
Parking Features Paved Drive, Off Street, Paved
Road Frontage Type Public
Total Parking 14
Water Source Public

Property Schools

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Property vs Zip Code Avg (02143)

Price 6.99M Avg 2.58M

Sqr Feet 13,000 Avg 4,649

Cost / Sqr Ft $538 Avg $557

Taxes $26,261 Avg $15,067

Acres 0.25 Avg 0.1

Visits 0 Avg 5

Days on Site 20 Avg 26

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Listed By: Team Mariano Smith with Mariano Smith & Co..

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Location & Address

Gallagher Real Estate
1763 Northampton St
Holyoke, MA