At a glance
- The buyer was not disclosed, and the price equals $325,000 per apartment.
- The three brick buildings at 18 Day St., 49 Dover St. and 123 Orchard St. sit within a block of one another in Davis Square.
- For advisors and allocators with clients holding Greater Boston multifamily, the $325,000-per-unit sale is a reference point for similar brick product traded as a block.
Kingsley Orchard Realty Limited Partnership sold its 120-unit portfolio of three Somerville, Mass. apartment buildings for $39 million, Connect CRE reported Oct. 20. The buyer was not disclosed, and the price equals $325,000 per apartment.
The three brick buildings at 18 Day St., 49 Dover St. and 123 Orchard St. sit within a block of one another in Davis Square. Matthews represented the seller, with vice president Nick Jasinski facilitating the deal. Connect CRE described the sale as "reportedly the largest multifamily portfolio sale in the Davis Square submarket within the past 15 years."
For advisors and allocators with clients holding Greater Boston multifamily, the $325,000-per-unit sale is a reference point for similar brick product traded as a block.
The seller developed and held the three properties for more than a century before bringing the portfolio to market for the first time, according to Connect CRE.
Reported by the Real Estate desk from Connect CRE. Published . Updated Oct 25, 2026 · 7:04 p.m. ET. Corrections