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17 Monmouth St 3 Unit Apartment Building $3,071,024 CAD ($1,023,675 CAD/Unit) Somerville, MA 02143
INVESTMENT HIGHLIGHTS
- Potential Lot Split
EXECUTIVE SUMMARY
17 Monmouth Street offers a rare redevelopment or adaptive reuse opportunity in Somerville’s vibrant Spring Hill neighborhood. The property includes a 6,667 SF structure
on an oversized 11,582 SF NR-zoned lot, allowing for low-density residential uses, including multifamily or townhomes. The lot size may support a potential subdivision into
two conforming lots, unlocking additional development value. The existing building’s scale and prior institutional use suggest creative reuse potential for community or
residential projects. Just minutes from Union Square and the Green Line Extension (GLX), this site provides excellent transit access in a rapidly evolving corridor. Surrounded
by historic homes, new developments, and major public/private investment, this location is primed for growth. Buyers to perform all due diligence. No representations made
by seller. A strategic opportunity for developers or investors in one of Greater Boston’s most dynamic markets.
Cannot review any offers until the end of October.
on an oversized 11,582 SF NR-zoned lot, allowing for low-density residential uses, including multifamily or townhomes. The lot size may support a potential subdivision into
two conforming lots, unlocking additional development value. The existing building’s scale and prior institutional use suggest creative reuse potential for community or
residential projects. Just minutes from Union Square and the Green Line Extension (GLX), this site provides excellent transit access in a rapidly evolving corridor. Surrounded
by historic homes, new developments, and major public/private investment, this location is primed for growth. Buyers to perform all due diligence. No representations made
by seller. A strategic opportunity for developers or investors in one of Greater Boston’s most dynamic markets.
Cannot review any offers until the end of October.
PROPERTY FACTS
| Price | $3,071,024 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $1,023,675 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Sale Condition | Redevelopment Project | Building Size | 6,667 SF |
| No. Units | 3 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1896 |
| Property Subtype | Apartment | ||
| Zoning | NR - Neighborhood Residential | ||
| Price | $3,071,024 CAD |
| Price Per Unit | $1,023,675 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 6,667 SF |
| No. Stories | 4 |
| Year Built | 1896 |
| Zoning | NR - Neighborhood Residential |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (79)
Bike Score®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | SOME-000044-C000000-000014 | Improvements Assessment | $2,169,089 CAD |
| Land Assessment | $816,450 CAD | Total Assessment | $2,985,539 CAD |
PROPERTY TAXES
Parcel Number
SOME-000044-C000000-000014
Land Assessment
$816,450 CAD
Improvements Assessment
$2,169,089 CAD
Total Assessment
$2,985,539 CAD
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17 Monmouth St
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