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Image 1 - 1 Washington Street, Somerville, MA 02145, USA - House for sale

Image 2 - 1 Washington Street, Somerville, MA 02145, USA - House for sale

Image 3 - 1 Washington Street, Somerville, MA 02145, USA - House for sale

Image 4 - 1 Washington Street, Somerville, MA 02145, USA - House for sale

Image 5 - 1 Washington Street, Somerville, MA 02145, USA - House for sale

Image 6 - 1 Washington Street, Somerville, MA 02145, USA - House for sale

Image 7 - 1 Washington Street, Somerville, MA 02145, USA - House for sale

Image 8 - 1 Washington Street, Somerville, MA 02145, USA - House for sale

Home For Sale In Somerville, Massachusetts

1 Washington Street, Somerville, MA 02145, USA

Home For Sale In Somerville, Massachusetts

house for sale

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Listed: 05/13/24

1 Washington Street, Somerville, MA 02145, USA

6 Bed:

2 Bath:

2,359 Sq Ft Living Area:

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Price

$ 1,45M

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About This House

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.

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Inner Belt Housing & Living

Household Income

Median household income: $84,722

Number of households: 32,453

The average household income in Somerville, MA grew from $78,673 to $84,722 in the past year. This data is an estimate based upon 32,453 households in Somerville, MA.
The chart below presents how household income is distributed in Somerville, MA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Somerville, MA compared to median property taxes around the country. The prevalent amount of property taxes in Somerville, MA equals $3k+ , which is more than the national average.

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