21 Allen Street

Somerville, MA 02143

$8,250,000
Price
76
Beds
85
Baths
6
1/2 Baths
47,572 Sq. Ft.
$173 / Sq. Ft.
47,572
Sq. Ft.
$173
per Sq. Ft.

Description

The Ropewalk is a 69-unit multi-family development in the heart of Union Square, adjacent to the newly opened MBTA Station. The arrival of the Green Line Transit Station has precipitated a rapid transformation of the Square. The Square's $2 billion, 3.8 million SF master-planned development, coined USQ spans 20 acres and includes 2.4M SF of lab and innovation space,150,000 SF of retail and restaurant space, and 4.7 acres of vibrant open spaces. Phase I was delivered by Magellan Development in Q3...The Ropewalk is a 69-unit multi-family development in the heart of Union Square, adjacent to the newly opened MBTA Station. The arrival of the Green Line Transit Station has precipitated a rapid transformation of the Square. The Square's $2 billion, 3.8 million SF master-planned development, coined USQ spans 20 acres and includes 2.4M SF of lab and innovation space,150,000 SF of retail and restaurant space, and 4.7 acres of vibrant open spaces. Phase I was delivered by Magellan Development in Q3 2023 with future phases set to break ground in 2024. Boynton Yards and Somerville Gateway which border Union Square to the east and south are complimentary master-planned developments adding a combined 4.1 million SF state-of-the-art life sciences/biotech, hotel, and retail spaces to the broader neighborhood. The project is in a qualified OZ and has been permitted as a Passive House project; set to achieve the highest level of sustainability. Approvals allow for either apartments or condos.
  1. Listed by Ryan Taylor • Fortune RE
  2. Listed by Justin Pepple • Fortune RE

Property Details for 21 Allen Street

Town
Somerville
Area
MA-Somerville
Garage Spaces
0
Parking Spaces
.00

Location

Listing Courtesy of Fortune RE, Ryan Taylor; Fortune RE, Justin Pepple
Add your commute
LISTING UPDATED: 04/27/2024 03:07 AM

Property Details for 21 Allen Street

StatusActive
MLS #73211289
Days on Market48
Taxes$57,409 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built2025
CountyMiddlesex County

Location

Listing Courtesy of Fortune RE, Ryan Taylor; Fortune RE, Justin Pepple
Add your commute

Building Information for 21 Allen Street

Stories12Residences69Year Built2025Building Size-Lot Size0.41 AC / 17,873 SF

Payment Calculator

$49,808 per month

30 year fixed, 7.25% Interest

Principal and Interest

$45,024

Property Taxes

$4,784

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 21 Allen Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Bike Path, Public School, T-Station, University
  • Living Area: 47572.0
  • SqFt with Basement: Yes
  • Total Units: 69
  • Waterfront: No
  • Year Built Details: To Be Built
  • Year Built Source: Owner
Features
Interior Features
  • Num of Baths: 91.0
  • Num of Full Baths: 85
  • Num of Half Baths: 6
  • Bathrooms Total Decimal: 88.00
  • Bathrooms Total Integer: 91
  • DoorFeatures: Insulated Doors
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Fencing: Fenced/Enclosed
  • Lot Description: Cleared, Level
  • View: City View(s)
  • View: Yes
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Green Energy Generation: Solar
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Seller has ownership interest in Fortune RE.
Tax Information
  • Tax ID: 759249
  • Assessments: $5,378,000
  • Book: 1
  • Tax Year: 2024
  • Zoning: UR
Building / Association Information
Living Characteristics
  • Beds Total: 76
  • Total Living Levels: 12
Other Building Characteristics
  • Foundation: Concrete Perimeter
Income / Expenses
  • GOI: $250,164.00
  • NOI: $250,164.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 3
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $15,322.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 1.5
  • Other Agent Compensation: 0

Property History for 21 Allen Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 21 Allen Street

Taxable ValueLand$911,700Additions$1,174,600Total$2,086,300
Tax Record2023$21,572 ($1,798 / month)
Home Facts
Lot Size10,927 SqFtStyleMulti-Family Dwelling (2-4)ZoningRBCountyMIDDLESEXAPNSOME M:82 B:D L:14

Schools near 21 Allen Street

This home is within Somerville School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 8
Public - 7 to 8
Rating
School
Distance
Somerville High School
Public9 to 12

E Somerville Community
PublicK to 8

Next Wave Junior High School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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21 Allen Street is a multi-family home for sale in Somerville, MA 02143. This property was listed for sale on March 12, 2024 by Fortune RE, it's currently listed at $8,250,000. This listing's school district is Somerville School District. Nearby schools include Albert F. Argenziano School At Lincoln Park, Somerville High School and E Somerville Community. 21 Allen Street is a 76-bed, 88-bath, 47,572 sqft multi-family home built in 2025.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Fortune RE, Ryan Taylor; Fortune RE, Justin Pepple

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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 or leasing 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 or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.