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8 Craigie St., Somerville MA 02143

$9,500,000

Estimated $20,316/month Calculator

Multi Family

Total Units: 21

Price Per Unit: $452,380.95

Total Rent: 239976/year

Estimated CAP Rate:

42 Bedrooms

Baths

25164

Total Parking: 0

10,124 (0.23)

This 21-unit, 42 bedroom building boasts a strong CAP rate, 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. 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 in an outstanding location.

This home has been viewed 28 times

Last Checked: April 14th, 2026 at 4:29am (Source: MLS PIN #73482885)

Gross Income: $239,976

Gross Expenses: $58,939

Net Income Calc: $181,037

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 Tax58939

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

Total Gross Income (Calculated)$239,976

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bathrooms

Rent Includes

Unit 4

Rental Income$0

Lease

Bathrooms

Rent Includes

General Information for 8 Craigie St., Somerville MA 02143

Listing ID73482885

Property TypeMulti Family

Price9500000 ($377.52/SqFt)

StyleMulti Family

CitySomerville

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total25164

Approximate Lot Size (Acres)0.23

Total Parking0

Garage Parking0

Year Built1920

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningRB

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 8 Craigie St., Somerville MA 02143

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsSome Of The Sellers' Personal Items Are Not Included In The Sale.

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 8 Craigie St., Somerville MA 02143

Real Estate Taxes58939

Tax Year2024

Assessed Value$5,602,600

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 8 Craigie St., Somerville MA 02143

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 8 Craigie St., Somerville MA 02143

Agent

Name: Donahue + Greene Group

Office

Name: Compass

Phone: 617-303-0067

Team Members

Payment Calculator

, Interest

Property Taxes 4911.58

Principal & Interest 58535.98

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Compass

Donahue + Greene Group

Agent Phone

Office Phone

(617) 303-0067

Text Agent Call Agent Call Office

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EXIT

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Withdrawn

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

Compass

Donahue + Greene Group