For Sale
$2,499,900

69 Jaques StSomerville, MA 02145

Luxury 4-unit building, high income potential.

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional estate sale presents a rare opportunity to acquire a meticulously maintained four-unit apartment building in the highly desirable Somerville, MA, 02145. Boasting over 4,409 square feet of living space, this six-story property sits on a 7,324 square foot lot and includes a substantial 4-car garage with additional driveway parking for a total of 8 spaces. The building features a stunning, luxury owner's unit spanning two levels, offering seven rooms, three bedrooms, and two bathrooms, complete with cathedral ceilings and a spacious primary suite. This unit, along with the three additional units, has undergone previous renovations. The three rental units currently generate a combined monthly income of $6,150, offering significant potential for increased revenue given their below-market rents. An unfinished basement adds an additional 1,699 square feet of potential usable space. The property benefits from an excellent location, with a Walk Score of 89, Bike Score of 82, and Transit Score of 82, placing it within easy reach of the Green and Orange lines. The owner's unit is equipped with central air conditioning and a central vacuum system. This property has been owned by the same family for approximately 90 years, ensuring a history of careful upkeep and excellent condition. The asking price is $2,499,900. Note that interior square footage is approximate.

Highlights

  • Exceptional six-story, four-unit apartment building in desirable Somerville, MA.
  • 4,409 sq ft living space on a 7,324 sq ft lot.
  • Includes a four-car garage plus driveway parking for a total of eight vehicles.
  • Features a luxurious two-level owner's unit with seven rooms, three bedrooms, two baths, and cathedral ceilings.
  • Three rental units generate $6,150 monthly income with potential for rent increases.
  • 1,699 sq ft unfinished basement offers expansion potential.

Property Details for 69 Jaques St

Property type
Apartment buildings
Square Feet
4,409 SF
Year Built
1900
Stories
6
Units
4

Location Insight

City
Somerville
County
Middlesex
State
Massachusetts
Latitude
42.3947461
Longitude
-71.09258
69 Jaques St, Somerville, Massachusetts

FAQs

What type of property is this?
Apartment building - Luxury 4-unit building, high income potential.
Where is the apartment building located?
The property is located at 69 Jaques St Somerville, MA.
What is the asking price?
The asking price for this property is $2,499,900.
What are key features of this property?
This property features: Exceptional six-story, four-unit apartment building in desirable Somerville, MA.; 4,409 sq ft living space on a 7,324 sq ft lot.; Includes a four-car garage plus driveway parking for a total of eight vehicles.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
69 Jaques St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message