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Canceled

8 Craigie St, Somerville MA 02143

$9,500,000

Estimated $20,315.78/month Calculator

Multi Family

Total Units: 21

Price Per Unit: $452,380.95

Total Rent: 239976/year

Estimated CAP Rate: 1.91%

42 Bedrooms

21 Full Baths

25,164 SqFt

Total Parking: 0

10,124 SqFt

Discover exceptional apartments at 8-14 Craigie Street in vibrant Somerville. Perfectly positioned near Harvard, Lesley, and MIT, this building is ideal for students and professionals. Enjoy world-class universities just steps away, with easy access to lectures and campus life.Commuting is effortless with the Red Line and bus routes nearby, linking you to Boston and Cambridge in minutes. This prime location blends urban ease with academic energy.Strong rental history and very low vacancy rate. High demand from scholars and professionals ensures top rental value in Somerville’s hot market. Whether you’re renting a unit or owning the property, 8-14 Craigie Street offers unmatched opportunity.

This home has been viewed 101 times

Last Checked: May 9th, 2025 at 4:19am (Source: MLS PIN #73328253)

Gross Income: $239,976

Gross Expenses: $58,939

Net Income Calc: $181,037

CAP Rate: 1.91%

Annual Expenses for 8 Craigie St, Somerville MA 02143

Total Gross Expenses (Calculated)$58,939/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$58,939

Annual Income & Unit Breakdown for 8 Craigie St, Somerville MA 02143

Total Gross Income (Calculated)$239,976

Unit 1

Rental Income$9,999

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$9,999

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 8 Craigie St, Somerville MA 02143

Listing ID73328253

Property TypeMulti Family / 5+ Family

Price$9,500,000 ($377.52/SqFt)

Style5-9 Family

CitySomerville

CountyMiddlesex

MLS AreaSpring Hill

Neighborhood(s)

Approximate Living Area Total25,164 SqFt

Approximate Lot Size (Acres)0.23 acres

Total Parking0

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionBlock

Accessible Features

Outdoor Space

ZoningRB

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 8 Craigie St, Somerville MA 02143

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation.5%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 8 Craigie St, Somerville MA 02143

Real Estate Taxes$58,939

Tax Year2024

Assessed Value$5,602,600

Financial Data SourceOwner

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.91%

Location Information for 8 Craigie St, Somerville MA 02143

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaSpring Hill

Area AmenitiesPublic School, Shopping, Public Transportation, T-station, University

Contact Information for 8 Craigie St, Somerville MA 02143

Agent

Name: Patrick Barrett

Office

Name: CSQ Realty, LLC

Phone: 617-778-3521

Team Members

Payment Calculator

, Interest

Property Taxes 4911.58

Principal & Interest 58535.98

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

CSQ Realty, LLC

Patrick Barrett

Agent Phone

Office Phone

(617) 778-3521

Text Agent Call Agent Call Office

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[perc_test_date] => Unknown
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EXIT

Canceled

8 Craigie St, Somerville MA 02143

$9,500,000

Annual Expenses for 8 Craigie St, Somerville MA 02143

Annual Income & Unit Breakdown for 8 Craigie St, Somerville MA 02143

General Information for 8 Craigie St, Somerville MA 02143

Disclosures for 8 Craigie St, Somerville MA 02143

Financial Information for 8 Craigie St, Somerville MA 02143

Location Information for 8 Craigie St, Somerville MA 02143

Contact Information for 8 Craigie St, Somerville MA 02143

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

CSQ Realty, LLC

Patrick Barrett