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$5,350,000
63 Days Online

121 Prospect Street
Somerville, MA 02143

For Sale|Multi-Family|Active
County:
Middlesex

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121 Prospect Street121 Prospect Street121 Prospect Street
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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.

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Listing Snapshot
Price 
$5,350,000
Days Online 
63 Days
Bedrooms 
99
Inside Area (SqFt) 
28,894 sqft
Total Baths 
99
Full Baths 
99
Partial Baths 
N/A
Lot Size 
0.23 Acres
Year Built 
2023
MLS Number 
73167279
Status 
Active
Property Tax 
$15,089
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Owner
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS
2 months agoListing first seen online
General Features
Parking Spaces 
18
Sewer 
Public Sewer
Number of Stories 
5
Acreage 
0.23
Water 
Public
Property Sub Type 
Multi Family
Garage Spaces 
18
Foundation 
Concrete Perimeter
Zoning 
UR
Sub Agent Compensation 
1.75
Buyer Agent Compensation 
1.75
Facilitator Compensation 
1.75
Compensation Based On 
Gross/Full Sale Price
Sub-Agency Relationship Offered 
Yes
Garage 
18
Interior Features
Cooling 
Central Air
Heating 
Natural Gas,Electric
Appliances 
E N E R G Y S T A R Qualified RefrigeratorE N E R G Y S T A R Qualified DryerE N E R G Y S T A R Qualified DishwasherE N E R G Y S T A R Qualified WasherOven - E N E R G Y S T A R
Interior 
Living RoomDining RoomKitchen
Fireplaces 
0
Fireplace 
No
Interior Features 
Living RoomDining RoomKitchen
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Exterior Features
Spa 
No
Waterfront Property 
No
Lot 
Corner Lot
Lot Features 
Corner Lot
Community Features
Community Features 
Public TransportationShoppingTennis Court(s)ParkWalk/ Jog TrailsGolfMedical FacilityLaundromatBike PathConservation AreaHighway AccessHouse of WorshipMarinaPrivate SchoolPublic SchoolT- StationUniversityWalk/Jog TrailsT-Station
Senior Community 
No
MLS Area 
Union Square
Adult Care Community 
No
Listing courtesy of Justin Pepple of Fortune RE



The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. 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, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein.

Data Last Updated at 2023-12-08 02:40 AM UTC
Neighborhood & Commute
Source: Walkscore
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