About 121 Prospect Street
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.
Features of 121 Prospect Street
| MLS® # | 73167279 |
|---|---|
| Price | $5,350,000 |
| Bedrooms | 99 |
| Bathrooms | 99.00 |
| Full Baths | 99 |
| Square Footage | 28,894 |
| Acres | 0.23 |
| Year Built | 2023 |
| Type | Residential Income |
| Sub-Type | 5-9 Family |
| Status | Active |
Community Information
| Address | 121 Prospect Street |
|---|---|
| Area | Union Square |
| City | Somerville |
| County | Middlesex |
| State | MA |
| Zip Code | 02143 |
Amenities
| Parking Spaces | 18 |
|---|---|
| # of Garages | 18 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Living Room, Dining Room, Kitchen |
|---|---|
| Appliances | ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Oven - ENERGY STAR |
| Heating | Natural Gas,Electric |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 5 |
Exterior
| Lot Description | Corner Lot |
|---|---|
| Foundation | Concrete Perimeter |
Additional Information
| Zoning | UR |
|---|
Listing Details
| Agent | Justin Pepple |
|---|---|
| Office | Fortune RE |
| 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 |