14 Unit Brick Somerville Multifamily
Somerville, MA281 Highland Avenue, Powderhouse
Sale Price$6,050,000
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 Team Mariano Smith, Arcangelo Mariano and Bryan Morrell of Mariano Smith & Co.
Listing Sold by Mariano Smith & Co.
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