Multi-Family for Sale: 1 Washington Street, Somerville, MA 02143 SOLD

6 beds
2 full baths
2,359 sqft
$1,330,000
$1,330,000
1 Washington Street, Somerville, MA 02143 SOLD
6 beds
2 full baths
2,359 sqft
$1,330,000
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Selling Price: $1,330,000
Original List Price: $1,449,500
Sold at 91.8% of list price
Sold Date: 06/27/2024

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Type Multi-Family
Beds 6
Total Baths 2 full baths
Square Feet 2,359 sqft
Lot Size 0.08 acres
Year Built 1900
City Somerville
County Middlesex
MLS 73235744
Status Closed
DOM 49 days
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.

Lot & Building Features

Construction See Remarks
Sewer Public Sewer
Tax Year 9
Taxes Paid $9
Water Public
Foundation Other
Exterior Features Other
Roof Other
Full Baths 2
Parking Off Street
Total Rooms 12
Garage Spaces 0

Price History of 1 Washington Street, Somerville, MA

Date Name Price Difference
05/09/2024 Listing Price $1,330,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Janet Gillis
Janet Gillis
REALTOR®
Direct: 339-933-0932
Office
Marshfield, MA
339-933-0932
Listed by Boston Realty Advisors, Daniel Alper
Sold by Robert Koritz Real Estate, Robert Koritz
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6.75%
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Listing information courtesy of: Boston Realty Advisors

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