8 Craigie St., Somerville, MA 02143 - Photo 1

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$9,500,000

For Sale
Active
Multi-Family
21 Units
42 Total Beds
0.23 Acres

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Property Description

This 21-unit, 42 bedroom building boasts a strong CAP rate, offering a promising investment for buyers on a .23 Acre Lot. Come explore the exceptional opportunity at 8-14 Craigie Street in the lively community of Somerville abutting Porter Square & Cambridge. Conveniently located near prestigious institutions such as Harvard, Lesley, & MIT, this property is fully occupied. Your next investment property is in close proximity to world-class universities, providing easy access to lectures & campus life. The Red Line and bus routes are just a short distance away, ensuring quick commutes to Boston or Kendall Square. This prime location combines urban convenience with academic vibrancy. With a strong rental history and a very low vacancy rate, there's high demand from scholars & professionals, guaranteeing top rental value in Somerville's competitive market. Craigie St presents an unparalleled opportunity in an outstanding location.

Full Property Details

Full Property Details for 8 Craigie St

General

Price: $9,500,000
Taxes: $58,939 (2024)
Status: Active
Type: Multi-Family
MLS ID: 73482885
Updated: 3/8/2026
Added to Site: 30 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 21
Full Bathrooms: 21

Bedrooms

Total Bedrooms: 42

Location

County: Middlesex

Structural Information

Basement: Yes
Stories/Levels: 3
Square Feet: 25,164
Year Built: 1920

Lot Features

Lot Size (Acres): 0.23

Financial Considerations

Tax Amount: $58,939
Tax Year: 2024

Disclosures and Reports

Disclosures/Rstr.: Seller is a licensed real estate broker. Most units are used as one bedroom and second bedroom as den area due to smaller sized 2nd bedroom but rental income speaks for itself.
Property ID: 752913

Listed by Compass, Donahue + Greene Group and Lance Greene

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Listing agents

— 8 Craigie St —

Donahue + Greene Group

Compass
Lance Greene

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NMLS#: 1598647

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Schools

Schools serving 8 Craigie St

School District:Somerville School District

Name	Grades	Distance
John F. Kennedy Elementary School, Somerville, MA 5 Cherry Street, Somerville, MA 02144	PK-8	0.3 mi
Albert F. Argenziano School At Lincoln Park 290 Washington Street, Somerville, MA 02143	PK-8	0.8 mi
Winter Hill Community School 115 Sycamore Street, Somerville, MA 02145	PK-8	0.8 mi
Somerville High School 81 Highland Avenue, Somerville, MA 02143	9-12	0.9 mi
Benjamin G. Brown School 201 Willow Avenue, Somerville, MA 02144	K-6	0.8 mi
Arthur D. Healey School 5 Meacham Street, Somerville, MA 02145	K-8	1.2 mi
E Somerville Community 50 Cross Street, Somerville, MA 02145	K-8	1.3 mi
Capuano Early Childhood Center 150 Glen Street, Somerville, MA 02145	PK-K	1.3 mi
West Somerville Neighborhood School 177 Powder House Boulevard, Somerville, MA 02144	PK-8	1.6 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8 Craigie St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/04/2026

Listed

$9,500,000

80.95%

MLS

8/28/2013

Sold

$5,250,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 8 Craigie St

Year

Property Taxes

Change

Tax Assessment

Change

2025

$61,124

$5,602,600

—

2024

$58,939

$5,602,600

—

2023

$57,931

$5,602,600

2022

$53,341

18%

$5,239,800

18%

2021

$45,068

$4,422,800

2020

$42,537

$4,215,800

15%

2019

$39,503

$3,671,300

10%

2018

$37,826

$3,344,500

2017

$36,623

$3,138,200

13%

2016

$34,892

-1%

$2,784,700

—

2015

$35,115

27%

$2,784,700

28%

2014

$27,628

—

$2,182,300

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 8 Craigie St

8 Craigie St., Somerville, MA 02143 (MLS# 73482885) is a Multi-Family property with 21 units containing 42 bedrooms and 21 full bathrooms. 8 Craigie St. is currently listed for $9,500,000 and was received on March 04, 2026. Want to learn more about 8 Craigie St.? Do you have questions about finding other Multi-Family real estate for sale in Somerville? You can browse all Somerville real estate or contact a Coldwell Banker agent to request more information.

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8 Craigie St Somerville, MA 02143