$1,449,500
About this home
1 Washington Street presents an enticing opportunity for end-users, investors, and developers seeking transit-oriented real estate. The property features a fully leased 6-bedroom, 2-bathroom duplex with ample parking spaces. Offering substantial in-place income, the property also holds promising potential for future value enhancement. Situated within an MR-4 zoning designation, it permits a 4-story mixed-use development as of right. Strategically positioned at the junction of Somerville and Charlestown, 1 Washington Street benefits from close proximity to key areas in both locales and taps into the burgeoning life science activity in Somerville and Cambridge. Residents enjoy convenient access to Union Square and swift transportation links to Boston via Sullivan Square and East Somerville train stations, fostering a rich array of employment and entertainment options. This offering represents a prime opportunity to leverage the dynamic growth of the Somerville submarket.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
- Real estate (PITI + HOA + PMI)
- $8,509
- Utilities
- $665
- Transportation
- $120
- Other (entertainment)
- $157
Quick facts
Home features
Lot features
Corner Lot
Neighborhood — 02143
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 25,998 | 6,444,931 | 299,088,112 |
| Population Change Since1990 | -2.00% | 7.00% | 20.00% |
| Population Density | 16,860 | 786 | — |
| Male | 12,855 | 3,127,134 | 147,432,321 |
| Female | 13,143 | 3,317,797 | 151,655,844 |
| Never Married | 12,051 | 1,612,885 | 63,775,926 |
| Married | 7,238 | 2,586,314 | 123,120,365 |
| Separated | 1,155 | 247,857 | 12,639,686 |
| Widowed | 1,217 | 363,594 | 15,467,586 |
| Divorced | 1,491 | 436,888 | 23,075,029 |
| Number Of House Hold | 11,443 | 2,431,591 | 111,826,380 |
| Average House Hold Size | 2.23 | 2.56 | 2.60 |
| Medial Age | 32.96 | 37.25 | 35.46 |
| Median House Hold Income | $49,818 | $57,698 | $48,276 |
| Average House Hold Income | $56,671 | $75,023 | $63,629 |
| P C I | $25,726 | $29,196 | $24,529 |
| M D I | $42,538 | $48,105 | $41,133 |
| A T H E | $47,532 | $57,083 | $50,898 |
| S T R | 5.00% | 5.00% | — |
| W C J | 76.32% | 81.38% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
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Listing information last refreshed 5/9/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.