111 Washington St, Somerville, MA 02143
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$1,429,000
2 Unit
6 Beds
3 Baths
2016 SQFT
0.07 Acre

Property Description

Calling all investors & developers; Prime Somerville investment opportunity in this transit-oriented location. The top floor was renovated in 21', while the vacated unit was just refreshed and ready to fetch market rent. The building was extensively rehabbed 20 years ago including plumbing, electrical, insulation, siding roof, etc. This property sits within an MR-4 zoning overlay, allowing for Mixed-Use development, up to 4 stories, by right. This 2-family, sits across the street from the East Somerville GLX; couple that with Sullivan Sq, and it offers swift access to the City of Boston, making it an attractive add to your portfolio . Residents enjoy the convenience of the Community Bike Path; with easy access to several neighborhoods including Union Sq, Charlestown & Cambridge Crossing. Entertainment galore with Assembly Row & Encore Casino at your fingertips. With the flourishing life science activity, leverage the dynamic growth of Somerville & Cambridge. Ask agent for plans.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 6
  • Total Full Baths: 3
  • Amenities: T-Station
  • Basement Features: Full, Unfinished Basement
  • Common Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Common Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard

Financial

  • APOD Available: No
  • Gross Operating Income: 39600
  • Net Operating Income: 39600

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1890
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73334119
  • Last Updated: 02/16/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
02/16/2025Active$1,429,000$709MLSPIN
02/12/2025New$1,429,000$709MLSPIN

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Seller's Representative: Sabbor Sheikh, Coldwell Banker Realty - Boston
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.0
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-02-16 04:05:00

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