1 BEACON ST APT 3, Somerville, MA 02143, photo 1 of 5
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1 BEACON ST APT 3 Somerville, MA 02143

$5,200,000

Listed By Tony Pepdjonovic, Marcus & Millichap Real Estate Investment Services

16

Bedrooms

8

Total Baths

8

Full Baths

6,812

Square Feet

0.13

Acres

1900

Year Built

Active

Status

MLS#

73019764

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.

Details

Year Built
1900
Parking
No Info
Price / Sq Ft
$763
HOA
No Info
Cooling
No Info
Heating
No Info
On Website
9 Days
Acres
0.13

Listing Office Marcus & Millichap Real Estate Investment Services, 617-896-7200

MLS# 73019764

Updated 3:49PM - 8/9/2022

Listing Agent Tony Pepdjonovic

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. 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, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein. Copyright© 2022 MLS Property Information Network, Inc. All Rights Reserved.

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