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16 Union Square 16 Union Sq 6 Unit Apartment Building $2,350,000 ($391,667/Unit) Somerville, MA 02143

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Investment Highlights

High demand rental market
Value-add potential
Potential for re-development

Public transportation access
Abundance of nearby amenities
Federal Qualified Opportunity Zone (QOZ)

Executive Summary

Prime Somerville location, value-add or potential redevelopment. Please contact listing broker directly for additional information including OM and rent roll.

Property Facts Under Contract

Price	$2,350,000	Building Class	C
Price Per Unit	$391,667	Lot Size	0.08 AC
Sale Type	Investment	Building Size	11,412 SF
No. Units	6	Average Occupancy	83%
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment General Retail Storefront Retail/Residential	Year Built	1900
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CC5 - Commercial Core 5

Price	$2,350,000
Price Per Unit	$391,667
Sale Type	Investment
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.08 AC
Building Size	11,412 SF
Average Occupancy	83%
No. Stories	2
Year Built	1900
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CC5 - Commercial Core 5

Unit Amenities

Air Conditioning
Heating

Kitchen

Refrigerator

Oven

Site Amenities

24 Hour Access

Controlled Access

Smoke Free

Public Transportation

1 1

Exceptionally walkable

100/100

Moderately drivable

60/100

Strong public transit

80/100

Exceptionally bikeable

90/100

Source: Local Logic^®

Property Taxes

Parcel Number	SOME-000082-C000000-000001	Improvements Assessment	$872,500
Land Assessment	$436,100	Total Assessment	$1,308,600

Property Taxes

Parcel Number

SOME-000082-C000000-000001

Land Assessment

$436,100

Improvements Assessment

$872,500

Total Assessment

$1,308,600

(857) 236-4691

Contact

Brendon Bernazzani
Bernazzani Real Estate, LLC

Listing ID: 37930048
Date on Market: 10/3/2025
Last Updated:
Address: 16 Union Sq, Somerville, MA 02143

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