1 Washington Street

Somerville, MA 02145

$1,449,500
Price
6
Beds
2
Baths
2,359 Sq. Ft.
$614 / Sq. Ft.
2,359
Sq. Ft.
$614
per Sq. Ft.

Description

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 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.
  1. Listed by Daniel Alper • Boston Realty Advisors

Property Details for 1 Washington Street

Town
Somerville
Area
MA-Somerville
Garage Spaces
0
Parking Spaces
6.00
Parking Spaces Total
6

Location

Listing Courtesy of Boston Realty Advisors, Daniel Alper
Add your commute
LISTING UPDATED: 05/13/2024 03:06 AM

Property Details for 1 Washington Street

StatusActive
MLS #73235744
Days on Market19
Taxes$9 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 2 Family - 2 Units Up/Down
Year Built1900
CountyMiddlesex County

Location

Listing Courtesy of Boston Realty Advisors, Daniel Alper
Add your commute

Building Information for 1 Washington Street

Stories3Residences2Year Built1900Building Size-Lot Size0.08 AC / 3,485 SF

Payment Calculator

$7,911 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,911

Property Taxes

$1

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1 Washington Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Highway Access, Public School, T-Station, University
  • Living Area: 2359.0
  • SqFt with Basement: No
  • Total Units: 2
  • Waterfront: No
  • Year Built Details: Renovated Since
  • Year Built Source: Public Records
Features
Interior Features
  • Num of Baths: 2.0
  • Num of Full Baths: 2
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 2.00
  • Bathrooms Total Integer: 2
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Construction: See Remarks
  • Exterior Features: Other (See Remarks)
  • Exterior Features: Other (See Remarks)
  • Lot Description: Corner Lot
  • Roof Material: Other
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
Tax Information
  • Listing Terms: Other (See Remarks)
  • Tax ID: 761380
  • Assessments: $9
  • Book: 9
  • Tax Year: 9
  • Zoning: 9
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Other
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $72,960.00
  • GRE: $14,945
  • NOI: $58,015.00
  • Operating Expense: $14,945.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 2
Rental Info
Rental Info
  • Total Actual Rent: $6,080.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 1.5
  • Other Agent Compensation: 0

Property History for 1 Washington 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 1 Washington Street

Taxable ValueLand$397,100Additions$594,500Total$991,600
Tax Record2024$10,432 ($869 / month)
Home Facts
Baths2Total Finished SqFt2,025 SqFtAbove Grade Finished SqFt2,025 SqFtStories2Lot Size3,480 SqFtStyleDuplexYear Built1900ZoningRCCountyMIDDLESEXAPNSOME M:105 B:D L:17

Schools near 1 Washington Street

This home is within Somerville School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
E Somerville Community
PublicK to 8

Somerville High School
Public9 to 12

Next Wave Junior High School
Public7 to 8

Full Circle High School
Public9 to 12

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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1 Washington Street is a multi-family home for sale in Somerville, MA 02145. This property was listed for sale on May 9, 2024 by Boston Realty Advisors, it's currently listed at $1,449,500. It has been on the market for a total of 19 days and was last sold on December 21, 2020. This listing's school district is Somerville School District. Nearby schools include E Somerville Community, Somerville High School and Next Wave Junior High School. 1 Washington Street is a 6-bed, 2-bath, 2,359 sqft multi-family home built in 1900.

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 Boston Realty Advisors, Daniel Alper

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.