The property at 115-117 Pearson Road, Somerville, MA 02144, was sold for $1,450,000. This multifamily asset comprising two units spans 3,216 square feet and was sold at a price per unit of $725,000, equating to $451 per square foot. Situated just one block away from Tufts University, the property offers substantial rental income potential and presents an opportunity for a condominium conversion project. Each unit features updated amenities and ample living space, catering to the needs of potential tenants or condominium residents.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,450,000
• Units: 2
• Square Footage: 3,216
• Price Per Unit: $725,000
• Price Per Square Foot: $451
• Market: Somerville, MA
• Address: 115-117 Pearson Road

The individuals involved in this transaction were Carlos Xu, representing the buyer through Lexwin Realty, and Deanna Salemme, who acted as the seller's representative from Coldwell Banker. Through their respective roles, they facilitated the successful sale of this attractive multifamily property in Somerville, MA, demonstrating their expertise and negotiating skills in the real estate market.