176-182 Broadway

Somerville, MA 02145

$4,599,900
Price
99
Beds
99
Baths
99
1/2 Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Developable five story mixed use development project. Possible buildout w/ TYPICAL CONSTRUCTION WILL ALLOW UP TO 28 UNITS and approx 31,970 gross sq ft of building and approx 1,125 average per unit size OR building as a NET ZERO BUILDING... YOU CAN PUT UP TO 37 MAXIMUM UNITS with approx 577 sq ft more or lessIncludes 2 parcels w/ over 11,000 sq ft of land, being sold as a package. Zoned mr5. Addtnl COMMERCIAL SPACE OF UP TO 5000 SQ FT is allowed. One parking space required per unit...there is enough...Developable five story mixed use development project. Possible buildout w/ TYPICAL CONSTRUCTION WILL ALLOW UP TO 28 UNITS and approx 31,970 gross sq ft of building and approx 1,125 average per unit size OR building as a NET ZERO BUILDING... YOU CAN PUT UP TO 37 MAXIMUM UNITS with approx 577 sq ft more or lessIncludes 2 parcels w/ over 11,000 sq ft of land, being sold as a package. Zoned mr5. Addtnl COMMERCIAL SPACE OF UP TO 5000 SQ FT is allowed. One parking space required per unit...there is enough for up to 23 spaces on site. Specital permit for relief regarding parking needed to achieve maximum number of units. Seller will wait for buyer to receive project approvals before closing. Buyer responsible for all fees incl but not limited to architects fees, attorney fees etc necessary to obtain approvals. Affordable requirement for City of Somerville is 20%. GREAT LOCATION rated a WALKER'S PARADISE SCORE OF 95. Insanely convenient... Under a mile to green and orange line subway stops!
  1. Listed by The Steve Bremis Team • Steve Bremis Realty Group
  2. Listed by Stephen Bremis • Steve Bremis Realty Group

Property Details for 176-182 Broadway

Town
Somerville
Area
MA-Somerville
Garage Spaces
0
Parking Spaces
20.00
Parking Spaces Total
20
LISTING UPDATED: 09/17/2024 09:21 AM

Property Details for 176-182 Broadway

StatusActive
MLS #73287759
Days on Market18
Taxes$11,579 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1967
CountyMiddlesex County

Building Information for 176-182 Broadway

Stories5Residences5Year Built1967Building Size-Lot Size0.27 AC / 11,778 SF

Property Information for 176-182 Broadway

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Highway Access, House of Worship, Public School, T-Station
  • Living Area: 0.0
  • SqFt with Basement: No
  • Total Units: 5
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Num of Baths: 198.0
  • Num of Full Baths: 99
  • Num of Half Baths: 99
  • Bathrooms Total Decimal: 148.50
  • Bathrooms Total Integer: 198
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Construction: Frame, Brick
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Both properties vacant. Seller does not warrant operability of any utilities. Zoned MR5. Broker does not assume accuracy for ANY information expressed herein. Buyers need to do their own due diligence. Buyer is responsible for any and all costs associated with obtaining approvals.
Tax Information
  • Assessments: $1,772,400
  • Book: 1449
  • Tax Year: 2022
  • Zoning: MR5
Building / Association Information
Living Characteristics
  • Beds Total: 99
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Stone
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 0
  • Lease U1: N
  • Levels U1: 0
Unit 2 Description
  • Floor U2: 0
  • Lease U2: N
  • Levels U2: 0
Rental Info
Rental Info
  • Total Actual Rent: $.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.125
  • Other Agent Compensation: 2.125

Property History for 176-182 Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 176-182 Broadway

This home is within Somerville School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
E Somerville Community
PublicPK to 8

Next Wave Junior High School
Public7 to 8

Somerville High School
Public9 to 12

Full Circle High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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176-182 Broadway is a multi-family home for sale in Somerville, MA 02145. This property was listed for sale on September 10, 2024 by Steve Bremis Realty Group, it's currently listed at $4,599,900. This listing's school district is Somerville School District. Nearby schools include E Somerville Community, Next Wave Junior High School and Somerville High School. 176-182 Broadway is a 99-bed, 148.5-bath, multi-family home built in 1967.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Steve Bremis Realty Group, The Steve Bremis Team; Steve Bremis Realty Group, Stephen Bremis

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.