Somerville, MA121 Prospect Street
Price$5,350,000
Est. Mortgage: $/month
MLS Number 73166845
- Land
- Acreage 0.23
- Zoning UR
Fortune Realty is pleased to present 121 Prospect Street, a fully permitted and approved 32 unit transit-oriented residential development opportunity situated on the Somerville/Cambridge line, less than a quarter of a mile away from the highly anticipated Union Square Station and a stone's throw away from Cambridge's vibrant Inman Square. The four story structure consists of three wood framed residential floors over a single steel podium parking level. 121 Prospect offers 18 covered parking spaces, with multiple modes of public transit at its front door. Strategically positioned within a mile radius of esteemed educational institutions such as Harvard, MIT, and Central Square, 121 Prospect Street provides future residents with unparalleled convenience to public transportation, suburban employment hubs and a myriad of eateries, shopping, and entertainment amenities the area has to offer. The property presents a remarkable opportunity to build market rate housing in a coveted submarket.
Listed by Justin Pepple of Fortune RE
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| Price | Down Payment | Interest Rate | Years |
|---|---|---|---|
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Est. Mortgage: $/month
Federal 30-year interest rate: 7.03% last updated on 2023-12-07
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