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You are here:
Home Massachusetts Somerville Multi-Family Homes for Sale

8 Craigie Street Somerville, MA 02143

59 Days on Boston Pads
13 Photos
$9,500,000
21 Unit
4 Beds
2 Baths
25164 SQFT
0.23 Acre
8 Craigie Street
Somerville, MA 02143

Property Description

This 21-unit, 42 bedroom building boasts a CAP rate of just over 5%, 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/Somerville Line. 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 for the savvy investor.

Property Overview

Building Information

  • Total Units: 21
  • Total Floors: 3
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Amenities: Bike Path, Highway Access, Park, Private School, Public School, Public Transportation, Shopping, T-Station, Tennis Court, University, Walk/Jog Trails

Financial

  • APOD Available: Yes
  • Gross Operating Income: 239976
  • Net Operating Income: 239976

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
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Concrete Block
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73440882
  • Last Updated: 10/12/25

Date Event Price Price/Sq Ft Source
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04/13/2025Temporarily Withdrawn$10,000,000$397MLSPIN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

Mortgage Calculator

View Breakdown

Map & Resources

St. Theresa of the Child Jesus School

Private School, Grades: PK-8

0.21mi

Summer Street Preschool

Grades: PK-K

0.23mi

Lesley University Porter Campus

University

0.24mi

John F Kennedy School

Public Elementary School, Grades: PK-8

0.29mi

Lesley University Doble Campus

University

0.29mi

University Hall

University

0.3mi

Maria L. Baldwin School

Public Elementary School, Grades: PK-5

0.32mi

Harvard University

University

0.33mi

Temple Bar

Bar

0.43mi

Starbucks

Coffee Shop

0.09mi

Forge Baking Company

Cafe

0.16mi

Café Rustica

Coffee Shop

0.16mi

OneZo Tapioca

Bubble Tea (Cafe)

0.36mi

Simon's Cofee Shop

Coffee Shop

0.38mi

Caffe Nero

Cafe

0.39mi

Armory Cafe

Cafe

0.42mi

Cambridge Veterinary Care

Veterinary

0.39mi

Somerville Fire Department

Fire Station

0.1mi

Somerville Fire Department Engine 7

Fire Station

0.42mi

Cambridge Fire Department

Fire Station

0.59mi

Somerville Hospital

Hospital

0.27mi

Deborah Mason Performing Arts Center

Arts Centre

0.17mi

Maud Morgan Arts Center

Arts Centre

0.36mi

The Armory

Arts Centre

0.41mi

Nancy and Edward Roberts Gallery

Gallery

0.33mi

Somerville Historical Museum

Museum

0.41mi

Esh Circus Arts

Gym. Sports: Gymnastics

0.42mi

Kennedy Pool

Swimming Pool. Sports: Swimming

0.3mi

Commonwealth Crossfit

Fitness Centre. Sports: Crossfit

0.14mi

Body & Brain Yoga

Fitness Centre. Sports: Yoga, Tai Chi

0.34mi

Get In Shape for Women

Fitness Centre

0.36mi

Boston Bouldering Project

Fitness Centre. Sports: Climbing

0.45mi

Cambridge Healthworks

Sports Centre

0.39mi

Wilson Square

Park

0.04mi

Morse Kelley Park

Municipal Park

0.16mi

Bailey Park

Municipal Park

0.22mi

West Conway Park

Park

0.24mi

Spring Hill Historic District

Park

0.27mi

East Conway Park

Municipal Park

0.29mi

Sacramento Field

Municipal Park

0.3mi

Dickerman Playground

Playground

0.06mi

Alden Play Area

Playground

0.27mi

Showcase Card-op Laundr-o-mat

Laundry

0.09mi

City Laundromat

Laundry

0.14mi

Harvard Coin-Op Laundromat

Laundry

0.15mi

Beacon St. Laundromat

Laundry

0.16mi

Washloft

Laundry

0.34mi

Gold Star Laundromat

Laundry

0.39mi

First Dental

Dentist

0.18mi

First Impression Dental

Dentist

0.34mi

Walgreens

Pharmacy

0.36mi

CVS Pharmacy

Pharmacy

0.39mi

Star Market

Supermarket

0.13mi

Star Market

Supermarket

0.4mi

Dollar Tree

Variety Store

0.17mi

Pod

Variety Store

0.28mi

Target

Department Store

0.37mi

City Market

Convenience

0.4mi

Elm St opp Porter St

87

0.06mi

Somerville Ave @ Lowell St

83
87

0.08mi

Elm St @ Porter St

87

0.08mi

Somerville Ave @ Elm St

83

0.09mi

Somerville Ave @ Sacramento St

83
87

0.09mi

Somerville Ave opp Elm St

83

0.1mi

Somerville Ave @ Spring St

83
87

0.19mi

Elm St @ Cedar St

87

0.2mi

Seller's Representative: Donahue + Greene Group, Compass
MLS ID#: 73440882

© 2025 MLS Property Information Network, Inc.. All rights reserved.

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 2025-10-12 03:07:00