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Property 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 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.

Overview

Property Status
Sold
Lot Size
3,485 Sq.Ft.
MLS ID
73235744
Property Type
Multi-Family
Year Built
1900

Features & Amenities

Total Area
2,359 Sq.Ft.
Stories
3
Water Source
Public
Roof
Other
Lot Features
Corner Lot
Parking
Off Street
Sewer
Public Sewer
Substructure
Other
Other Exterior Features
Other
Sales Price
$1,330,000
Real Estate Tax
$9/yr
Zoning
9

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1 Washington Street

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