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33517082
33517083

416-422 McGrath Highway, Somerville, MA 02143

TM
MA MA 100283, CT CT 0805367 (+1)
NorthEast Private Client Group Newton
TE
MA 9585952
NorthEast Private Client Group Newton
DK
MA: 134670
NorthEast Private Client Group Newton
Listed by NorthEast Private Client Group Newton
$2,300,000
4 days on market
Updated 4 days ago

McGrath Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,725
Units 4
Tenancy Multi
Year Built 1920
Year Renovated 2016
Lot Size (SqFt) 5,624
Investment Type Stabilized

Multifamily | 4 Units

Marketing description

Northeast Private Client Group is pleased to present 416-422 McGrath Highway, a 4-unit multifamily property located at the foot of Prospect Hill in Somerville Massachusetts.

The property consists of four spacious residential units, including (2) three bedroom, two-bathroom units and (2) four bedroom, two-bathroom units. Each apartment features direct-entry access, providing tenants with the privacy and feel of townhouse-style living. Additional amenities include in-unit laundry, central air conditioning, separately metered utilities with tenants responsible for their own gas and electric expenses, and outdoor space located at the rear of the property.

Originally gut renovated in 2016, the asset offers modern layouts and finishes while requiring minimal near-term capital expenditures. Current ownership has maintained the property well, creating an attractive investment opportunity with the potential to further increase cash flow through strategic rent growth as leases turn over and rents are adjusted toward market levels.

422 McGrath Highway presents the opportunity to acquire a well-maintained four-unit multifamily asset in one of Greater Boston's most dynamic and supply-constrained rental markets. Ideally situated in Somerville, the property offers convenient access to Cambridge, Boston, Assembly Row, Union Square, Kendall Square, and numerous public transportation options, placing residents within minutes of many of the region's largest employment, educational, and entertainment hubs.

Investment highlights

  • 4-Unit Multifamily Property | 2016 Gut Renovation
  • (2) Three Bed / Two Bath & (2) Four Bed / Two Bath Units
  • Tenant Paid Utilities | Direct Access Entry | East Somerville Location

Listing Contacts

TM
MA MA 100283, CT CT 0805367 (+1)
NorthEast Private Client Group Newton
TE
MA 9585952
NorthEast Private Client Group Newton
DK
MA: 134670
NorthEast Private Client Group Newton
Listed by NorthEast Private Client Group Newton

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Additional Information

Name
Tim McGeary
License
MA 100283
Brokerage
Northeast Private Client Group
Title
Vice President, Investments
Name
Tom Egbers
License
9585952
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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