497 Broadway

Explore the coveted surroundings of 497 Broadway in Somerville, MA, a prime location for multifamily and mid-rise investors. Situated in the thriving Boston market, the area offers an appealing blend of cultural amenities, vibrant entertainment, and convenient transportation options. Nearby attractions include the bustling Assembly Row with its array of retail outlets and dining experiences, while the vibrant arts scene and green spaces of the nearby Mystic River provide recreational opportunities for residents. With its strategic position in this sought-after location, 497 Broadway presents a promising investment prospect for those seeking to capitalize on the dynamic appeal and growth potential of the Boston multifamily market.Introducing a compelling opportunity for multifamily and mid-rise investors, 497 Broadway in Somerville, MA presents a 14,702 SF mixed-use building. Boasting seven units, including three commercial units and four residential units, this property is strategically located in the heart of Magoun Square. Built in 1900 (public record) and zoned MR4, the building currently enjoys a robust 100% occupancy, offering immediate income potential. With its versatile composition and prime positioning, this property holds significant promise for potential NOI growth, making it an enticing prospect for investors seeking to tap into the dynamic multifamily and mid-rise market in the Boston area.