Located at 131 Summer Street in Somerville, this multifamily property was recently sold for $1,430,000. The property consists of two units spanning a total of 2,535 square feet. The sale price equates to $564 per square foot, offering a lucrative investment opportunity for the new owner.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,430,000
• Units: 2
• Price Per Unit: $715,000
• Square Footage: 2,535
• Price Per Square Foot: $564
• Address: 131 Summer Street
• Market: Somerville, MA

The buyer in this transaction was represented by Yueji Hall from Blue Ocean Property Management, while the seller was represented by the Santana Team from Keller Williams Realty. This deal showcased a turnkey investment opportunity, with both units having undergone upgrades, including new kitchens and bathrooms in Unit 1.