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.
Property Details
Price:
$1,449,500
MLS #:
73235744
Status:
Active
Beds:
6
Baths:
2
Address:
1 Washington Street
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
City:
Somerville
Listed Date:
May 9, 2024
State:
MA
Finished Sq Ft:
2,359
ZIP:
02143
Lot Size:
3,485 sqft / 0.08 acres (approx)
Year Built:
1900
Units:
2
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Schools
Interior
Bathrooms
2 Full Bathrooms
Exterior
Community Features
Public Transportation, Shopping, Highway Access, Public School, T- Station, University
Construction Materials
See Remarks
Exterior Features
Other
Parking Features
Off Street
Parking Spots
6
Roof
Other
Financial
Buyer Agent Compensation
1.5%
Tax Year
9
Taxes
$9
Map
Community
- Address1 Washington Street Somerville MA
- CitySomerville
- CountyMiddlesex
- Zip Code02143
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Courtesy of Boston Realty Advisors. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
1 Washington Street
Somerville, MA
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