LuAnn Perkins
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
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Listing courtesy of Daniel Alper, Boston Realty Advisors