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8 Craigie St, Somerville MA 02143

$8,950,000

Estimated $19,606/month Calculator

Multi Family

Total Units: 21

Price Per Unit: $426,190.48

Total Rent: 67800/year

Estimated CAP Rate:

42 Bedrooms

Baths

18873

Total Parking: 0

10,124 (0.23)

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.

This home has been viewed 4 times

Last Checked: June 30th, 2026 at 5:13am (Source: MLS PIN #73504124)

Gross Income: $67,800

Gross Expenses: $61,124

Net Income Calc: $6,676

Annual Expenses for 8 Craigie St, Somerville MA 02143

Total Gross Expenses (Calculated)$61,124/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax61124

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

Total Gross Income (Calculated)$67,800

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms2 Full

Floor0

Levels in Unit0

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms2 Full

Floor0

Levels in Unit0

Rent IncludesHeat

Unit 3

Rental Income$0

Lease

Bathrooms

Rent IncludesHeat

Unit 4

Rental Income$0

Lease

Bathrooms

Rent IncludesHeat

General Information for 8 Craigie St, Somerville MA 02143

Listing ID73504124

Property TypeMulti Family

Price8950000 ($474.22/SqFt)

Style5+ Family - 5+ Units Up/down

CitySomerville

CountyMiddlesex

MLS AreaSpring Hill

Neighborhood(s)

Approximate Living Area Total18873

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 Material

BasementFull

Construction Materials

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

ExclusionsRefrigerator And Some Personal Belongings

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 Taxes61124

Tax Year2025

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)

MLS AreaSpring Hill

Area Amenities

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 5093.67

Principal & Interest 55147.05

HOA Dues

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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EXIT

3 More Photos

Pending

8 Craigie St, Somerville MA 02143

$8,950,000

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