December 21, 2023 – Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a multi-family property in Somerville, Massachusetts.  Horvath & Tremblay exclusively represented the seller to complete the transaction at a price of $2,050,000.

The multi-family property is located at 72 Beacon Street in Somerville, Massachusetts. Located in Somerville’s Inman Square neighborhood, the Property is a short walk from Union Square and is equidistant from Harvard Square and Porter Square. The Property offers the rare opportunity to acquire an exceptionally well-located turn-key asset in one of the hottest real estate markets in a region that is poised for future growth. The Property consists of a three-story building with three (3) units consisting of two (2), 4-Bedroom/2-Bathroom units and one (1) 5-Bedroom/2-Bathroom unit with 3,360 square feet of gross living area, in 5,264 square feet of gross area, on a 0.1-acre parcel. The Property is fully leased and has undergone extensive interior renovations featuring condo quality finishes including brand new kitchens with custom cabinets, quartz counter tops and stainless-steel appliances, updated bathrooms with new tile flooring and high-end fixtures, hardwood floors, central air-conditioning, and dishwashers and laundry in each unit. Additionally, all of the building’s mechanicals have been replaced. Building amenities include a private yard, and three off-street parking spaces. 72 Beacon Street is exceptionally well-located in Somerville’s Inman Square neighborhood, less than a mile from the popular shopping, dining, fitness and entertainment options in Union Square, Harvard Square and Porter Square, and less than 0.5-miles from the Union Square Station. The Property is seconds from Whole Foods, Walgreens and CHA Cambridge Hospital. The highly walkable neighborhood offers a multitude of appealing live-work-play amenities, convenient public transportation and highway access, as well as proximity to the nearby commercial centers of Harvard Square, Kendall Square and Downtown Boston.