147 Central Street Somerville, MA

$1,549,999
Beds 8
Baths 3
Square Feet 5,318
Acres 0.06
Photo of 147 Central Street Somerville MA 02145




Description

Unmatched Investment Opportunity in Somerville! Seize the chance to own this exceptional mixed-use building just a few blocks from the Gilman Square Green Line station! This prime corner property offers outstanding visibility and signage, featuring two retail spaces leased through 2026, ensuring immediate income stability. Above, discover two spacious 4+ bedroom apartments that highlight beautiful hardwood flooring, generous living areas, and modern layouts. With an impressive annual income of 124.8K this property not only provides solid returns but also boasts huge upside potential for future rent increases. Located in the thriving Winter Hill section, you’re close to Assembly Row and have seamless highway access to downtown Boston. Surrounded by vibrant restaurants, shops, and local amenities, this rare opportunity won’t last long—act now to secure your investment in this desirable neighborhood!


Listed by NextGen Realty, Inc., Zachary Conley

Details

MLS 73292223
Status Active
Price $1,549,999
DOM 83 days
Type Multi-Family
Beds 8
Total Baths 2 full, 2 half baths
Square Feet 5,318 sqft
Lot Size 0.06 acres
Year Built 1900

Lot & Building Features

Construction Frame
Sewer Public Sewer
Tax Year 2024
Water Public
Foundation Block, Other
Roof Rubber
Full Baths 2
Half Baths 2
Parking On Street, Other
Total Rooms 16
Basement Feature Full
Garage Spaces 0

Map

Get Directions

Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.