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7 Washington Street, Somerville

$1,950,000

17 Beds
12 Baths
10,501 Sqft
.07 Acres
0 Garages

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.

Essential Information
MLS® #72800291
Price$1,950,000
Bedrooms17
Bathrooms12.00
Full Baths12
Square Footage10,501
Acres0.07
Year Built2021
TypeMulti-Family
Sub-Type5-9 Family
StatusActive
Community Information
Address7 Washington Street
SubdivisionEast Somerville
CitySomerville
CountyMiddlesex
StateMA
Zip Code02143
Listing Details
AgentRamsay And Company
OfficeLeading Edge Real Estate
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