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Listings for Arcangelo Mariano

14 Unit Brick Somerville Multifamily

281 Highland Avenue Somerville MA 02143

MLS Number 73017870

  • MultiFamily
  • Bedrooms 31
  • Bathroom 14
  • Square Feet 13,000
  • Parking Spaces 14

Mariano Smith & Co. Commercial is pleased to present an opportunity to acquire a generational asset located in the transit-oriented location of Somerville’s bustling Highland Avenue corridor.  281 Highland Avenue features 14 residential units comprised of a mix of floorplans and additional basement space totaling 18,750 +/- GSF. The building is sited on ¼ acre and provides both garage and open space parking options.  The parcel is strategically situated approximately ½ mile between Davis, Porter and Ball Squares, giving the asset exceptional access to the area’s transit hubs and amenity-packed neighborhoods. World-renowned Harvard University, Tufts University and Leslie College are all within a 15 minute walk including multiple MBTA Red Line stations. Boston’s technology and bio-tech centers along with countless dining and entertainment options are all also moments away.  Not available since 1947, 281 Highland Avenue provides an investor with an exceptionally rare opportunity to acquire a performing asset with excellent value-add opportunity. Investors may also benefit from future redevelopment of the site while offering an immediate asset replacement option in an extremely competitive market space.  281 Highland Avenue is being offered at the suggested list pricing. Qualified investors will be given an opportunity to review any materials and tour the property in the coming days, after which a Call for Offers will be announced. 

Listed by Mariano Smith & Co.

$
$
%
$/month over payments
Federal 30-year interest rate: 5.22% last updated on Aug 11, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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281 Highland Avenue Somerville MA 02143

MLS Number 73017889

  • CommercialSale
  • Neighborhood Powderhouse
  • Square Feet 13,000
  • Acreage 0.25
  • Zoning UR

Not available since 1947, this property represents an extraordinarily rare opportunity to acquire a generational asset located in a transit oriented location of Somerville’s bustling Highland Avenue corridor. Comprised of a mix of floorplans and additional basement space totaling 18,750 +/- GSF, the property is sited on ¼ acre and provides garage and open space parking options. Located ½ mile from Davis, Porter and Ball Squares. MBTA Red Line stations at Porter and Davis are 10 minutes by foot. Located 1 mile from Harvard University. An excellent value-add opportunity for investors in an extremely competitive market who may also benefit from future redevelopment of the site.

Listed by Mariano Smith & Co.

$
$
%
$/month over payments
Federal 30-year interest rate: 5.22% last updated on Aug 11, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Save FavoriteSchedule TourAsk A QuestionMore Details

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