See Home Value
$2,050,000
Multifamily - Off Market

72 Beacon Street

Somerville, MA 02143
bedrooms
13 Beds
bathrooms
6 Baths
$12,166
Estimated Monthly

About This Property

72 Beacon Street offers the opportunity to acquire a fully leased, turnkey investment in an exceptional, urban-infill location at a 5.93% cap rate on current income. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. The Property has undergone extensive interior renovations featuring condo quality finishes including brand new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, hardwood floors, central air-conditioning, dishwashers and laundry in each unit. Additionally, all of the building's mechanicals have been replaced. Building amenities include a private yard, and two off-street parking spaces. Somerville's outlook is bright, and rental continues at a steady rate. The submarket continues to accelerate as the city's transportation infrastructure expands and rents are expected to rise over the coming years.
Unit Size
-
Days on Market
153 days
Land Size
0.10 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$1,363
HOA Dues
-
Year Built
1900
Last updated: 5 months ago (MLSPIN #73139139)

Price History

Date / Event Date Event Price
Dec 21, 2023 Sold to Yushan Wang $2,050,000
Sold to Yushan Wang
Sep 5, 2023 In contract -
In contract
Jul 21, 2023 Listed by Horvath & Tremblay $2,200,000
Listed by Horvath & Tremblay
Mar 3, 2021 Sold $1,400,000
Sold

Property Highlights

Parking Available
Parking Details
Parking Features: Paved Drive, Off Street
Interior Details

Bathroom Information

Full Bathrooms: 6

Interior Information

Interior Features: Storage
Appliances: Unit 1(Dishwasher, Washer, Dryer), Unit 2(Dishwasher, Washer, Dryer), Unit 3(Dishwasher, Washer, Dryer)

Room Information

Rooms: 19

Basement Information

Basement: Unfinished


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
12 Beds
5 Baths
-
$1,862,000 Sep 7, 2018
$1,862,000 Nov 7, 2018
$915/mo
Multifamily
9 Beds
3 Baths
-
$2,150,000 Oct 30, 2023
$2,150,000 Dec 1, 2023
$1,200/mo
Multifamily
11 Beds
10 Baths
-
$2,562,500 May 22, 2015
$2,562,500 Aug 17, 2015
$1,250/mo
Multifamily
9 Beds
3 Baths
-
$2,550,000 Feb 10, 2022
$2,550,000 Mar 1, 2022
$950/mo
Multifamily
8 Beds
3 Baths
-
$2,300,000 Sep 15, 2021
$2,300,000 Oct 8, 2021
$929/mo
Multifamily
7 Beds
4 Baths
-
$1,910,000 Nov 1, 2017
$1,910,000 Jan 5, 2018
$695/mo
Multifamily
12 Beds
6 Baths
-
$2,421,000 May 4, 2023
-
$1,353/mo
Multifamily
9 Beds
3 Baths
-
$1,999,000 Dec 13, 2023
-
$1,327/mo
In Contract
Multifamily
6 Beds
4 Baths
-
$2,200,000 Dec 5, 2023
-
$973/mo
Multifamily
9 Beds
3 Baths
-
$1,895,000 Nov 7, 2023
-
$1,256/mo
Multifamily
9 Beds
3 Baths
-
$1,900,000 Dec 11, 2023
-
$1,182/mo
In Contract
Multifamily
9 Beds
18 Baths
-
$2,200,000 Apr 27, 2023
-
$8/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

72 Beacon Street 72 Beacon Street, Somerville, MA 02143
  • 1 Unit for Sale
More about this Building
72 Beacon Street
Want to find out who owns 72 Beacon Street, Somerville, MA 02143? Get detailed property transactions here .

About Ward Two


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