8 Craigie St., Somerville, MA 02143
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$9,500,000
21 Unit
42 Beds
21 Baths
25164 SQFT
0.23 Acre

Property Description

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.

Property Details tap to expand

Building Information

  • Total Units: 21
  • Total Floors: 3
  • Total Bedrooms: 42
  • Total Full Baths: 21
  • Amenities: Public School, Public Transportation, Shopping, T-Station, University
  • Basement Features: Full
  • Common Interior Features: Tile Floor
  • Common Heating: Forced Air, Oil

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided

Utilities

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

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1920
  • Construction Type: Aluminum, Frame
  • Foundation Info: Concrete Block
  • Roof Material: Rubber
  • Flooring Type: Tile, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73482885
  • Last Updated: 03/08/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/08/2026Active$9,500,000$378MLSPIN
03/04/2026New$9,500,000$378MLSPIN
03/04/2026Canceled$9,500,000$378MLSPIN
01/02/2026Temporarily Withdrawn$9,500,000$378MLSPIN
10/12/2025Active$9,500,000$378MLSPIN
10/08/2025New$9,500,000$378MLSPIN
05/08/2025Canceled$9,500,000$378MLSPIN
04/20/2025Active$9,500,000$378MLSPIN
04/16/2025Back on Market$9,500,000$378MLSPIN
04/13/2025Temporarily Withdrawn$10,000,000$397MLSPIN
01/26/2025Active$10,000,000$397MLSPIN
01/22/2025New$10,000,000$397MLSPIN

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Seller's Representative: Donahue + Greene Group, Compass
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-03-08 03:06:00