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.
— MLSPIN #: 73334119Map of 111 Washington St, Somerville, MA 02143
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| List Price: | $1,399,000 |
|---|---|
| Status: | Active |
| MLS ID: | 73334119 |
| Town: | Somerville |
| Neighborhood: | East Somerville |
| County: | Middlesex |
| Zip: | 02143 |
| Property Type: | Residential Income |
| Property Sub Type: | 2 Family - 2 Units Up/Down |
| Bedrooms: | 6 |
| Full Baths: | 3 |
| Living Area: | 2,016 sqft |
| Acres: | 0.07 |
| Taxes: | 8,403 |
| Appliances: | Range, Dishwasher, Microwave, Refrigerator |
| Flooring: | Vinyl |
| Heating: | Baseboard, Natural Gas |
| Lot Features: | Other |
| Parking Features: | Off Street |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1890 |
| Roof: | Shingle |
| Directions: | McGrath Hwy Rt 28 to Washington St. or Tufts St. to Washington St. |
| Foundation Details: | Stone |
| Postal Code Plus4: | 4426 |
| Electric: | Circuit Breakers |
| Construction Materials: | Frame |
| Listing Contract Date: | 2025-02-12 |
| Garage?: | Yes |
| Heating?: | Yes |
| Lot Size Area: | 0.07 |
| Lot Size Square Feet: | 3,217 |
| Rooms Total: | 10 |
| Bathrooms Total Integer: | 3 |
| Basement: | true |
| Basement: | Full, Unfinished |
| Building Area Source: | Public Records |
| Building Area Total: | 2,016 |
| Community Features: | T-Station |
| Fencing: | Fenced |
| Levels: | 3 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 2 |
| Parcel Number: | M:104 B:A L:62, 761096 |
| Patio And Porch Features: | Porch |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Zoning: | RC |
| Covered Spaces: | 1 |
| Garage Spaces: | 1 |
| Stories Total: | 3 |
| Year Built Source: | Public Records |
| Disclosures: | Documents in hand; Feasibility Study, Land Survey, Schematic Plans. |
| Farm Land Area Units: | Square Feet |
| Foundation Area: | 9,999 |
| Gross Income: | $39,600 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | No |
| Color: | Gray |
| Comp Based On: | Net Sale Price |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Lead Paint: | Unknown |
| Lease 1: | No |
| Lease 2: | Yes |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $693.95 |
| Page: | 0 |
| Price Per Sqft: | $693.95 |
| Square Feet Incl Base: | No |
| Sub Agency Offered: | No |
| Net Operating Income: | $39,600 |
| Original List Price: | $1,429,000 |
| Parking Total: | 1 |
| Tax Assessed Value: | $798,800 |
| Tax Year: | 2024 |
| Total Actual Rent: | $3,300 |
| Year Built Details: | Approximate |
| Bedrms 1: | 3 |
| Bedrms 2: | 3 |
| F Bths 1: | 1 |
| F Bths 2: | 2 |
| Hot Water: | Natural Gas |
| Rent2: | 3,300 |
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on April 18, 2025 08:54 PM
Property Last Updated: April 04, 2025 11:03 AM
Listing Courtesy of: Coldwell Banker Realty - Boston
Listing Agent: Sabbor Sheikh
617-767-6228
