Skip To Content

121 Prospect Street

Somerville, MA 02143
  • $5,350,000
  • STATUS: Active
  • MLS #: 73166845
UPDATED: 20 min ago
$5,350,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing courtesy of Justin Pepple of Fortune Re.

Description

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.

Monthly Payment Calculator



The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2023-12-09T23:04:59.293.
www.gaylewintersrealestate.com/homes/144090214
Print Image

121 Prospect Street Somerville, MA 02143

  • Price: $5,350,000
  • Status: Active
  • On Site: Days
  • Updated: 20 min ago
  • MLS #: 73166845
0
Beds
0
Baths
0
½ Baths
0.23
Acres
County:
Middlesex
Property Description
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.
Exterior Features

Lot Features Level Number Of Lots 1 Road Frontage Type Public Waterfront YN No

Property Features

Additional Parcels YN No Association YN No Buyer Agency Compensation 1.75 Community Features Public TransportationShoppingTennis Court(S)ParkWalk/Jog TrailsGolfMedical FacilityLaundromatBike PathConservation AreaHighway AccessHouse Of WorshipMarinaPrivate SchoolPublic SchoolT-StationUniversity Disclosures Property Comes With All Approvals And Permits To Construct A Multi Family Structure According To The Building Plans. Inquire Within. Electric On-Site Electric On Property YN Yes Gas On-Site Home Warranty YN No Property Sub Type Residential Senior Community YN No Sewer Public Sewer Sub Agency Compensation 1.75 Tax Annual Amount 15089 Tax Year 2023 Transaction Broker Compensation 1.75 Water Source Public Zoning Ur

Listing information © 2023 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Justin Pepple of Fortune Re: 617-874-1000.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2023-12-09T23:04:59.293.
 
https://bt-photos.global.ssl.fastly.net/mlspin/orig_boomver_1_73166845_2.jpg https://bt-photos.global.ssl.fastly.net/mlspin/orig_boomver_1_73166845_2.jpg https://bt-photos.global.ssl.fastly.net/mlspin/orig_boomver_1_73166845_2.jpg
Logo
Gayle Winters & Co. | Compass
41 Thompson St.
Winchester MA, 01890
Listing courtesy of Justin Pepple of Fortune Re.