Off Market

7 Washington Street, Somerville, MA

Somerville · MA 02143

$1,950,000
Price
17
Beds
12
Baths
10501
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 2021
Units: 10 Units
Lot size: 3,262 Sq.Ft Lot
Price per square foot: $186 / Sq.Ft
Parking: No Parking

About this home

Rare opportunity to develop a AS OF RIGHT 10 unit residential building blocks away from the Green Line extension. Architects full submittal package ready to be filed with city. Comprised of four high efficiency one bedrooms, five two bedrooms and a parlor duplex three bedroom. Well laid out, open concept units designed for the way we want to live. Viable for condo sales with an expected sellout of 6.3+M, or hold as a rental building with strong potential NOI and CAP rate while the area continues to develop around the green line extension. The extension has a Washington St Stop, which is less than .4 miles away. Only a mile away from bustling Assembly Row. 6 unit as of right with 4 units added through net zero build.

Neighborhood & Transit

East Somerville

7 Washington Street, Somerville · MA 02143

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

  • Sullivan Square Orange 0.28 mi
  • East Somerville Green 0.33 mi

Price Insight

Days on Market:
2056 days
Listing Price:
$1,950,000
Price per Sq.Ft:
$186
Tax Assessment:
$673,800 in 2021
Taxes:
$567 / Monthly

Home Facts

Interior Features

Bedrooms
17
Full Bathrooms
12
Half Bathrooms
0
Living Area
10,501 Sq.Ft
Broker Disclosure about Living Area
unit total 7828 building total 10501
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
Unknown
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Unknown

Exterior Features

Lot Size
3,262 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
None

Construction Details

Construction Type
Unknown
Siding
Unknown
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Ramsay and Company
Listing office
Leading Edge Real Estate
MLS PIN #
72800291
Disclosure
unit total 7828 building total 10501