Rise Realty Acquires Multifamily Property In Somerville, MA For $1.6M

The multifamily property located at 142 Powder House Boulevard in Somerville, MA has been sold for a total price of $1,553,000. The property consists of 3 units, with each unit having an average price of $517,667. The total square footage of the property is 4,547, resulting in a price per square foot of $342.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,553,000
• Units: 3
• Price per Unit: $517,667
• Square Footage: 4,547
• Price per Square Foot: $342
• Address: 142 Powder House Boulevard, Somerville, MA

Sarah Doucette and Celina Doucette, representing Rise Realty, acted as the buyer's representatives in this transaction. On the other hand, Jay Tedeman, from Coldwell Banker, served as the seller's representative. The involvement of these individuals and companies played a crucial role in facilitating the sale of the multifamily property.