Active
34 Days on market
36 College Ave Somerville — Photo 1 of 13
$16,000,000
36 College Ave, Somerville, MA 02144
Somerville, MA 02144
Beds
49
Baths
43
SqFt
34,417
Style
5-9 Family
Built
1920
Rare Portfolio Offering: 36 College Avenue in Somerville is part of a three-building portfolio for sale, which also includes 202-218 Mass Ave. in Arlington and 49–55 Davis Square in Somerville. 36 College Avenue, known as the Bryant Chambers building, is a 44-unit, five-story brick apartment building in the heart of Davis Square. Located at the corner of College Avenue and Park Avenue, the property is steps from the MBTA Red Line and within walking distance of Tufts University. Built in the 1920s, the building features classic brick architecture with windows on all four sides, providing abundant natural light. The unit mix includes (3) studios, (34) one-bedroom apartments, (6) two-bedroom apartments, and (1) commercial space. Amenities include an elevator, on-site laundry, keyless FOB entry, and storage. The property offers stable in-place cash flow, a strong occupancy history, and long-term value-add potential through strategic management. PLEASE SEE FIRM REMARKS FOR ADDITIONAL INFO
Market Value Analysis
This Property
Size (SqFt) →Price →This Property$465/sqft
Local Avg (Somerville)$583/sqft
20% BelowMarket Average
* Analysis is based on 20 actively listed and recently sold comparable properties strictly within Somerville, MA.
Property Details
Financials
Original Price$16,000,000
Annual Taxes$136,241
Parking
Garage0
Off-Street0
Interior Specifications
Total Rooms90
FireplacesNone
Flooring--
BasementNone
Climate & Utilities
Heating--
Cooling--
WaterPublic
SewerPublic Sewer
Building & Exterior
Construction--
Roof--
FoundationStone
ZoningMR4
Property & Lot
Acres0.17
SqFt Lot7,558
Lot FeaturesCorner Lot
Geography
Listing Provided By
Listing Agent: Carl Christie
Listing Office: Carl Christie
MLS® Number: 73546201
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