Address
7 Washington Street Somerville, MA
Price
$ 1,950,000
Property Attributes
  • MLS#72800291
  • TypeMulti-Family
  • CountyMIDDLESEX
  • CitySomerville
  • AreaEast Somerville
  • Zip02143
  • Style5-9 Family
  • Year Built2021
  • Taxes6798
  • Price$ 1,950,000
  • Bedrooms17
  • Full Bathrooms12
  • Half Bathrooms0
  • Sqr Footage10501
  • Lot Size3,049 SqFt
Listing Provided Courtesy Of:
Ramsay and Company with Leading Edge Real Estate.
Data Source:
MLSPIN
Property Description

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. Located in an opportunity zone, allowing for the potential for deferral or reduction of future capital gains. 6 unit as of right with 4 units added through net zero build. See brochure for additional details.

Price History
3/18/2021 Listed $1,950,000

General Features

Full Baths 12
Lead Paint Unknown
Levels 3
Roof Rubber
Sewer City/Town Sewer
Square Feet 10501.00
State Massachusetts

Interior Features

Bedrooms (1) 3
Bedrooms (2) 2
Total Bedrooms 17
Total Number of Units 10

Exterior Features

Foundation Poured Concrete
Lot Description Paved Drive

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 02143

Price
AVG $1.66M
$1.95M
Taxes
AVG $11,572
$6,798
Visits
AVG 31
7
Year Built
AVG 1928
2021