1-3 Beacon Street

Somerville, MA, 02143

$5,200,000

$763 per ft²
$5,200,000
$763 per ft²
Active
Active
 - For Sale
beds
16 Beds
baths
8 Baths
carpenters-square
6,812 ft²
property_type
Multi-family
calendar
Built 1900
1-3 Beacon Street is a rare opportunity to acquire an iconic investment property in the heart of Inman Square generating $26,600 per month in rental income. The property is comprised of (2) ground-floor commercial tenants and (4) four-bedroom/2 bath apartments. Trina's Starlight Lounge and Parlor sports are two of the most popular businesses in the neighborhood and have been tenants since 2009. The apartments underwent full gut-rehabs with condo quality finishes which were completed in the Spring of 2022 and tenanted for the first time. This is a blue-chip asset in every sense of the word and a perfect safe-haven against inflation and the volatile stock market.
MLS® ID:
73019764
Listed:
7/31/22
Updated:
10/6/22

Interior Features

Total Bedrooms
16
Full Bathrooms
8

Exterior/Building Features

Lot Size
5,450 ft² lot
Lot Details
Corner Lot
Roof
Rubber
Sewer
Public Sewer

Other Property Details

Area Name
Inman Square
Taxes
$39936
Tax Frequency
per YEAR
HOA Amenities
Public Transportation, Shopping
Garage
No
Parking
N
View
N
County
Middlesex
Water Source
Public
Pool
No
Total Stories
10
Zoning
RC

 

Courtesy of Tony Pepdjonovic, Marcus & Millichap Real Estate Investment Services

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Data last updated 7:31 PM UTC, 10/6/22

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