$1,449,500 ($614.46 per sqft)

Est. Mortgage $7,618/mo *

Quick Pre-Approval

1 Washington Street, Somerville, MA, 02143

1 Washington Street, Somerville, MA, 02143

12 rooms

6 beds

2 Full baths

1900

2,359 sqft

1 Washington Street presents an enticing opportunity for end-users, investors, and developers seeking transit-oriented real estate. The property features a fully leased 6-bedroom, 2-bathroom duplex with ample parking spaces. Offering substantial in-place income, the property also holds promising potential for future value enhancement. Situated within an MR-4 zoning designation, it permits a 4-story mixed-use development as of right. Strategically positioned at the junction of Somerville and Charlestown, 1 Washington Street benefits from close proximity to key areas in both locales and taps into the burgeoning life science activity in Somerville and Cambridge. Residents enjoy convenient access to Union Square and swift transportation links to Boston via Sullivan Square and East Somerville train stations, fostering a rich array of employment and entertainment options. This offering represents a prime opportunity to leverage the dynamic growth of the Somerville submarket.


Status:

Active

Type:

Multi-family

Units:

2

Zoning:

9

Levels:

3

Parking:

6-car Off Street

Acreage:

0.08

Est. Taxes:

$9

Assessment

$9

Construction

See Remarks

Lot Description:

Corner Lot

Amenities:

Public Transportation, Shopping, Highway Access, Public School, T-Station, University

MLS #:

73235744

Buyer Agent Compensation:

1.5

Facilitator Compensation:

0

Compensation Based On:

Gross/Full Sale Price

Sub-Agency Relationship Offered:

No


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of Daniel Alper, Boston Realty Advisors