Out of the Box, Luxury Living in Somerville

The Offering

Berkadia has been exclusively retained to sell Union 346, a newly constructed, 153 unit, core apartment community in the vibrant Union Square neighborhood of Somerville, Massachusetts. This premier residential community is transit-oriented, offering convenient access to key employment hubs in Boston’s urban core, as well as renowned universities like Harvard, MIT, and Tufts.

Comprising two buildings delivered in phases, Phase I includes 94 residential units and 1,968 square feet of occupied commercial space, delivered in late May 2023. Phase II consists of 59 residential units, delivered in mid-September 2024. The development features a diverse mix of studio, one-bedroom, two-bedroom, and three-bedroom apartments, with 29 of the units (19%) designated as affordable, catering to income levels from 50% to 110% of the Area Median Income (AMI).

Each residence is thoughtfully designed with modern comforts, featuring in-unit washers and dryers and keyless entry. Interiors boast nine-foot ceilings, luxury vinyl flooring, quartz countertops, stainless steel appliances, oversized windows, high-efficiency plumbing fixtures, Juliette balconies in select units, and trash valet service. The community offers an impressive array of amenities designed to enhance the resident experience. These include a state-of-the-art fitness center, a rooftop deck with breathtaking views of the Boston skyline, and an on-site green park. Butterfly MX access control, smart package room, business center with work-from-home stations, community room, BBQ picnic area with grills, pet grooming station, and garage parking to provide convenience and comfort.

Union 346 is well positioned to capitalize on the high demand for quality housing in Somerville, known for its cultural vibrancy and proximity to major educational and employment hubs. The property’s strategic location and comprehensive amenity offerings make it an attractive option for residents and investors seeking stable returns and growth potential.

  • Property NameUnion 346
  • Address346 Somerville Ave
  • City, State, Zip CodeSomerville, MA 02143
  • Units153
  • BuiltPhase I: 2023
    Phase II: 2024

Property
Snapshot

153

Units

19%

Affordable

LEED Gold/LEED Platinum & Passive House

Phase I/Phase II

2023-2024

Year Built: Phase I / Phase II

93%

Occupancy

$2,844 / $5.86 SF*

In-Place Rent / ($/SF)
*Market-Rate Units

INVESTMENT HIGHLIGHTS

Contact
US

Boston Office
125 High Street, Suite 1712
Boston, MA 02110

INVESTMENT SALES

Adam Dunn
617.648.4192
[email protected]
MA RE Broker Lic #9553106

Chris Phaneuf
617.648.4191
[email protected]
MA Principal Broker Lic #9032841

Adam Marzilli
617.648.4181
[email protected]
MA Salesperson Lic #9586683

Mortgage Banking

Jackie Meagher
781.990.0159
[email protected]

Visit Doc Center

Out of the Box, Luxury Living in Somerville

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