1 Beacon Street, Inman SquareSomerville, MA 02143MLS Number 73019764

  • Price: $5,200,000
  • Est. Mortgage of $/month
  • 14 Days on Market
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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.
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1 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 021431 Beacon Street Somerville MA 02143
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  • 16Bedrooms
  • 0.13Acreage
  • 8Bathrooms
  • 1900Year Built
1-3 Beacon Street is a rare opportunity to acquire an iconic investment property in the heart of Inman Square generating $26,600 per month in rental income. The property is comprised of (2) ground-floor commercial tenants and (4) four-bedroom/2 bath apartments. Trina's Starlight Lounge and Parlor sports are two of the most popular businesses in the neighborhood and have been tenants since 2009. The apartments underwent full gut-rehabs with condo quality finishes which were completed in the Spring of 2022 and tenanted for the first time. This is a blue-chip asset in every sense of the word and a perfect safe-haven against inflation and the volatile stock market.
Listed by Tony Pepdjonovic of Marcus & Millichap Real Estate Investment Services

Driving Directions

Colonial Manor Realty
Colonial Manor Realty
Office: 781-844-9371
127 Franklin St
Reading, MA 01867

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More Info

Basic Information

  • Gross Income $340,852
  • Lot Features Corner Lot
  • Mls StatusActive

Location

  • Address1 Beacon Street
  • Building Number1-3
  • CountyMiddlesex
  • NeighborhoodInman Square
  • StateMA
  • StreetBeacon Street
  • SubdivisionInman Square
  • TownSomerville
  • Zip02143

Property Information

  • Building Area Source Public Records
  • Living Area 6,812
  • Lot Size Square Feet 5,450
  • Lot Size Units Acres
  • Square Feet6,812

Tax Information

  • Tax Assessed Value $2,370,100
  • Tax Year 2022
  • Taxes$39,936

Basic Information

  • List Price$5,200,000
  • MLS Number73019764
  • Modification Date08/06/2022
  • Property SubType5-9 Family

Property

  • Acreage0.13

Exterior

  • RoofRubber

Utilities

  • Sewer Public Sewer
  • Water Source Public

Amenities

  • AmenitiesPublic Transportation, Shopping
  • Other AmenitiesBasement

Other

  • Date Listed08/01/2022
  • Farm Land Area Units Square Feet

Parking

  • Parking Spaces

Rooms

  • Bathroom8
  • Bathrooms Total Decimal 8
  • Bedrooms16
  • Full Bath8

Building

  • BasementUnfinished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone, Brick/Mortar
  • Garage Spaces
  • Rooms24
  • Stories10
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records
Listed by Tony Pepdjonovic of Marcus & Millichap Real Estate Investment Services

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, 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. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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