35-41 Laurel Street

Somerville, MA

About the Property

12-Unit Multifamily Investment Opportunity

Colliers Boston Multifamily presents for sale 35-41 Laurel St, a 12-unit multifamily investment asset in the burgeoning Union Square neighborhood of Somerville, MA. The property is located in the epicenter of Somerville’s US2 15 million square foot, $2 billion real estate development project, which is poised to transform the city into a major hub for life sciences, technology, and innovation.

The property features a mix of 1+-bedroom/1-bathroom units and 2-bedroom/1-bathroom units, all of which are in good condition. The property has recently undergone a number of capital improvements, including new roofing, new windows, and new HVAC systems. The property also has 12 parking spots, which is a valuable commodity in the densely populated Union Square neighborhood.

The property is currently leased to long-term tenants, which provides a steady stream of income for the new owner. The property has a strong track record of occupancy, and the new owner can expect to continue to generate attractive rental income.

35-41 Laurel Street, Somerville MA

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Property Information

35-41 Laurel St, Somerville, MA 02143

Use: Apartments

Year Built: 1880

Lot Size (AC/SF): 0.24/10,454

Gross SF: 16,418

Rentable SF: 11,561

Levels: 3

Construction: Brick

Zoning: UR

Units: 12


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Boston Multifamily Provides Professional Multi-Family Apartment Marketing and Brokering Services

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