Somerville 99 Bed 99 Bath Multi-Family Home for Sale

Not Available - Off Market

This Property is No Longer Available

121 Prospect Street, Somerville, MA 02143
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$5,350,000

32 Unit

99 Beds

99 Baths

28894 SQFT

0.23 Acre

Property Description

Fortune Realty is pleased to present 121 Prospect Street, a fully permitted and approved 32 unit transit-oriented residential development opportunity situated on the Somerville/Cambridge line, less than a quarter of a mile away from the highly anticipated Union Square Station and a stone's throw away from Cambridge's vibrant Inman Square. The four story structure consists of three wood framed residential floors over a single steel podium parking level. 121 Prospect offers 18 covered parking spaces, with multiple modes of public transit at its front door. Strategically positioned within a mile radius of esteemed educational institutions such as Harvard, MIT, and Central Square, 121 Prospect Street provides future residents with unparalleled convenience to public transportation, suburban employment hubs and a myriad of eateries, shopping, and entertainment amenities the area has to offer. The property presents a remarkable opportunity to build market rate housing in a coveted submarket.

Property Details tap to expand

Building Information

Total Units: 32
Total Floors: 5
Total Bedrooms: 99
Total Full Baths: 99
Amenities: Bike Path, Conservation Area, Golf Course, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Tennis Court, T-Station, University, Walk/Jog Trails
Common Rooms: Dining Room, Kitchen, Living Room
Common Appliances: Dishwasher - ENERGY STAR, Dryer - ENERGY STAR, Oven - ENERGY STAR, Refrigerator - ENERGY STAR, Washer - ENERGY STAR
Common Heating: Electric, Extra Flue, Forced Air, Gas, Heat Pump, Space Heater
Common Cooling: Central Air

Financial

APOD Available: No
Gross Operating Income: 42000
Net Operating Income: 42000

Utilities

Water: City/Town Water, Private
Sewer: City/Town Sewer, Private

Unit 1 Description

Under Lease: No
Floors: 2
Levels: 1

Unit 2 Description

Under Lease: No
Floors: 3
Levels: 1

Construction

Year Built: 2023
Type: 5-9 Family
Foundation Info: Poured Concrete
Lead Paint: None
Warranty: No

Other Information

MLS ID# 73167279
Last Updated: 01/09/24

Property History tap to expand

Date	Event	Price	Price/Sq Ft	Source
01/09/2024	Expired	$5,350,000	$185	MLSPIN
01/07/2024	Expired	$5,350,000		MLSPIN
10/09/2023	Active	$5,350,000	$185	MLSPIN
10/08/2023	Active	$5,350,000		MLSPIN
10/05/2023	New	$5,350,000	$185	MLSPIN
10/04/2023	New	$5,350,000		MLSPIN

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Map

Seller's Representative: Justin Pepple, Fortune RE
Sub Agent Compensation: 1.75
Buyer Agent Compensation: 1.75
Facilitator Compensation: 1.75
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: Yes

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-01-09 03:05:00

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121 Prospect Street Somerville, MA 02143

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