361 Washington St, Somerville, MA 02143
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$1,925,000
3 Unit
11 Beds
4 Baths
3700 SQFT
0.09 Acre

Property Description

Prime investment opportunity in the heart of Somerville! This 3-family property offers roughly 3,700 sqft of living space across three spacious units, generating great rental income. Each unit features large living areas, in-unit dishwashers, and ample natural light, with a mix of 3-4 bedrooms per unit. Off-street parking and a paved driveway add convenience. Located near Porter Square, Harvard University, Whole Foods, and public transportation, this property is perfect for investors or owner-occupants. Additional highlights include separately metered electric, natural gas heating, vinyl siding, and a full basement with exterior access. Don’t miss this opportunity to own a high-income property in one of Somerville’s most desirable locations!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 11
  • Total Full Baths: 4
  • Amenities: Highway Access, Medical Facility, Park, Public Transportation, Shopping, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Full, Unfinished Basement
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Tile Floor
  • Common Appliances: Dishwasher, Disposal, Range, Refrigerator

Financial

  • APOD Available: No
  • Gross Operating Income: 136740
  • Net Operating Income: 136740

Utilities

  • Electric Info: Individually Metered
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family - 3 Units Up/Down
  • Construction Type: Aluminum, Frame, Other (See Remarks)
  • Foundation Info: Fieldstone
  • Roof Material: Other (See Remarks)
  • Flooring Type: Tile, Vinyl, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73341064
  • Last Updated: 03/25/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
03/25/2025Contingent$1,925,000$520MLSPIN
03/24/2025Active$1,925,000$520MLSPIN
03/20/2025Price Change$1,925,000$520MLSPIN
03/08/2025Active$1,995,000$539MLSPIN
03/04/2025New$1,995,000$539MLSPIN

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Seller's Representative: The Sarkis Team, Douglas Elliman Real Estate - The Sarkis Team
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
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 2025-03-25 14:06:00