Overview Property Details Payment Calculator Walkability

Add to favorites

Remove from favorites
Send to Friend
Watch changes on this property

Canceled

3106-3110 Washington Street, Boston MA 02119

$1,665,000

Estimated $3,560/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $416,250

Total Rent: 127476/year

Estimated CAP Rate: 6.29%

8 Bedrooms

2 Full, 2 Half Baths

4,280 SqFt

Total Parking: 0

3,346 SqFt

Fantastic investment or development opportunity in the heart of Egleston Square. This freestanding mixed use 4 unit property is fully leased and features two commercial storefronts on the first floor, as well as two nicely renovated 4 bedroom/1 bath units on the second + third floors. Current net income eclipses $104K annually and is projected to increase by 10% for the 2024-2025 rental season. The commercial units are occupied by a barber shop and a mobile phone store and are on leases ending August 2024 + December 2026 w/5 year option respectively. The residential units feature dark stained hardwood floors, crown moldings, spacious kitchens w/stainless appliances + granite counters, tile baths, central A/C, in-unit laundry + rear decks. They are both on lease to 8/31/24. For developers, the property is located in the desirable Neighborhood Shopping (NS) zoning district which allows for a host of different uses and buildings as high as 45' with an FAR of 2.0. Pro-Forma upon request.

This home has been viewed 141 times

Last Checked: October 7th, 2024 at 4:42pm (Source: MLS PIN #73218226)

Gross Income: $127,476

Gross Expenses: $22,762

Net Income Calc: $104,714

CAP Rate: 6.29%

Annual Expenses for 3106-3110 Washington Street, Boston MA 02119

Total Gross Expenses (Calculated)$22,762/year

APOD AvailableYes

Heating

Electricity$500

Water$3,000

Gas$3,000

Insurance$3,091

Sewer$3,000

Trash Removal

Repair & Maintenance$5,099

Management

Miscellaneous$750

Real Estate Tax$10,322.53

Annual Income & Unit Breakdown for 3106-3110 Washington Street, Boston MA 02119

Total Gross Income (Calculated)$127,476

Unit 1

Rental Income$2,231

LeaseY

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 2

Rental Income$1,942

LeaseY

Bedrooms0

Bathrooms1 Half

Floor1

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 3

Rental Income$3,350

LeaseY

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 4

Rental Income$3,100

LeaseY

Bedrooms4

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent IncludesNo

General Information for 3106-3110 Washington Street, Boston MA 02119

Listing ID73218226

Property TypeMulti Family / 4 Family

Price$1,665,000 ($389.02/SqFt)

Style4 Family

CityBoston

CountySuffolk

MLS AreaJamaica Plain

Neighborhood(s)

Approximate Living Area Total4,280 SqFt

Approximate Lot Size (Acres)0.08 acres

Total Parking0

Garage Parking

Year Built1930

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate,Renovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsNo

Lot FeaturesWooded

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningNS

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy Features

Terms

Disclosures for 3106-3110 Washington Street, Boston MA 02119

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourcePro. Forma Available

Total Gross Expenses By Broker$22,762

Total Gross Income By Broker$127,470

Total Net Income By Broker$104,708

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.25

Facilitator Compensation2.25

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 3106-3110 Washington Street, Boston MA 02119

Real Estate Taxes$10,322.53

Tax Year2024

Assessed Value$544,500

Financial Data SourcePro. Forma Available

Total Gross Expenses By Broker$22,762

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$127,470

BostonRealEstate.com Gross Income

Total Net Income By Broker$104,708

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.29%

Location Information for 3106-3110 Washington Street, Boston MA 02119

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaJamaica Plain

Area AmenitiesWalk/jog Trails, Conservation Area, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, Tennis Court(s)

Contact Information for 3106-3110 Washington Street, Boston MA 02119

Agent

Name: The Residential Group

Office

Name: William Raveis R.E. & Home Services

Phone: 617-426-8333

Team Members

Name: Michael Dorion

Phone: 617-470-4930

Payment Calculator

, Interest

Property Taxes 860.21

Principal & Interest 10259.2

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

William Raveis R.E. & Home Services

The Residential Group

Agent Phone

Office Phone

(617) 426-8333

Text Agent Call Agent Call Office

Array
(
    [acres] => Approx. 0.08 acres (3,346 SqFt)
    [add_date] => 2024-04-27 06:32:25
    [address] => Washington Street
    [agent] => Array
        (
            [address] => 
            [city] => 
            [id] => TEAM0178
            [name] => The Residential Group
            [national_association] => 
            [office] => M95354
            [state] => 
            [zip] => 
        )

[apod_available] => Array
        (
            [0] => Yes
        )

[appliances] => Array
        (
        )

[approx_living_area_total] => 4,280 SqFt
    [approx_lot_size_acres] => 0.08 acres
    [approx_lot_size_sqft] => 3,346 SqFt
    [assessed_value] => $544,500
    [association] => No
    [association_fee] => Array
        (
            [0] => $0
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
            [0] => No
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => Yes
    [basement] => Array
        (
        )

[bathrooms] => 2 Full, 2 Half
    [bedrooms] => 8
    [building_amenities] => Array
        (
            [0] => No
        )

[building_area_source] => Array
        (
            [0] => Public Records
        )

[building_management] => Array
        (
        )

[building_debug] => 3106-3110 Washington Street Boston
    [building_id] => 
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 2.25
    [buyer_agent_id] => 
    [buyer_office_id] => 
    [c_style] => Array
        (
            [0] => 4 Family
        )

[c_type] => Multi Family
    [cap_rate] => 6.29%
    [city] => Boston
    [community_features] => Array
        (
            [0] => Walk/jog Trails
            [1] => Conservation Area
            [2] => Shopping
            [3] => Golf
            [4] => Park
            [5] => Medical Facility
            [6] => Laundromat
            [7] => Bike Path
            [8] => Public Transportation
            [9] => Tennis Court(s)
        )

[compensation_based_on] => Array
        (
            [0] => Net Sale Price
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
            [0] => No
        )

[construction_status] => 
    [cooling] => No
    [cooperating_agent_commission] => Array
        (
        )

[county] => Suffolk
    [cultivation_acres] => None
    [date_available_note] => 
    [deposit_amount] => Array
        (
            [0] => $0
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => Fantastic investment or development opportunity in the heart of Egleston Square. This freestanding mixed use 4 unit property is fully leased and features two commercial storefronts on the first floor, as well as two nicely renovated 4 bedroom/1 bath units on the second + third floors. Current net income eclipses $104K annually and is projected to increase by 10% for the 2024-2025 rental season. The commercial units are occupied by a barber shop and a mobile phone store and are on leases ending August 2024 + December 2026 w/5 year option respectively. The residential units feature dark stained hardwood floors, crown moldings, spacious kitchens w/stainless appliances + granite counters, tile baths, central A/C, in-unit laundry + rear decks. They are both on lease to 8/31/24. For developers, the property is located in the desirable Neighborhood Shopping (NS) zoning district which allows for a host of different uses and buildings as high as 45' with an FAR of 2.0.  Pro-Forma upon request.
    [disclosures] => 
    [documents_available] => Array
        (
            [0] => No
        )

[electric] => Array
        (
        )

[electric_expense] => Array
        (
            [0] => $500
        )

[elementary_school] => 
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => Array
        (
        )

[entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
        )

[exterior_features] => Array
        (
        )

[facilitator_compensation] => 2.25
    [fee_paid_by_tennant] => Contact Agent
    [financial_data_source] => Array
        (
            [0] => Pro. Forma Available
        )

[fireplaces] => Array
        (
            [0] => 0
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
        )

[for_sale_by_owner] => No
    [foundation_area] => 
    [foundation_materials] => Array
        (
            [0] => Other
        )

[frontage_length] => 
    [full_baths] => 2
    [garage_parking] => 
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
            [0] => $3,000
        )

[gross_income] => Array
        (
            [0] => $127,470
        )

[half_baths] => 2
    [handicap_access] => No
    [heating] => No
    [heating_expense] => Array
        (
            [0] => $0
        )

[high_school] => 
    [horse_features] => Array
        (
            [0] => No
        )

[horse_permitted] => No
    [hot_water] => Array
        (
        )

[id] => 299378
    [insurance_expense] => Array
        (
            [0] => $3,091
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2024-10-07 16:42:54
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
        )

[lease_term] => 
    [levels_in_unit] => 1
    [living_area] => 4,280 Sq. Ft.
    [living_area_disclosure] => Array
        (
        )

[living_area_includes_basement] => Array
        (
            [0] => No
        )

[lot_features] => Array
        (
            [0] => Wooded
        )

[management_expense] => Array
        (
            [0] => $0
        )

[middle_school] => 
    [miscellaneuos_expense] => Array
        (
            [0] => $750
        )

[mls_area] => Jamaica Plain
    [mls_id] => 73218226
    [neighborhoods] => Array
        (
        )

[net_income_calc] => 104714
    [net_operating_income] => Array
        (
            [0] => $104,708
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 4
    [office] => Array
        (
            [id] => M95354
            [name] => William Raveis R.E. & Home Services
            [phone] => 617-426-8333
        )

[operating_expense] => Array
        (
            [0] => $22,762
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
        )

[pasture_area] => None
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [pet_policy] => Array
        (
            [0] => No
        )

[phone] => 617-296-7653
    [pool_features] => Array
        (
            [0] => No
        )

[price] => $1,665,000
    [price_per_sqft] => 389.02
    [price_per_unit] => 416250
    [private_pool] => No
    [property_sub_type] => Array
        (
            [0] => 4 Family
        )

[real_estate_tax] => $10,322.53
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
            [0] => No
        )

[repair_maintenance_expense] => Array
        (
            [0] => $5,099
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
        )

[rooms] => 14
    [senior_community] => No
    [sewer] => Array
        (
        )

[sewer_expense] => Array
        (
            [0] => $3,000
        )

[short_sale] => 
    [special_listing_conditions] => Array
        (
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Canceled
        )

[street_number] => 3106-3110
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 
    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 
    [tag_lead_paint_free] => 
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 
    [tag_waterview] => 
    [tax_year] => 2024
    [team] => Array
        (
            [0] => Array
                (
                    [id] => BB802300
                    [name] => Michael Dorion
                    [phone] => 617-470-4930
                    [address] => 831 Centre Street Unti 2
                    [city] => Jamaica Plain
                    [state] => MA
                    [zip] => 02130
                    [office] => M95354
                    [national_association] => 449519990
                )

)

[terms] => Array
        (
        )

[timber_acres] => None
    [title_5] => 
    [total_gross_expense] => 22762
    [total_gross_income] => 127476
    [total_parking] => 0
    [trash_expense] => Array
        (
            [0] => $0
        )

[uffi] => Array
        (
        )

[unit_1_bathrooms] => 1 Half
    [unit_1_bedrooms] => 0
    [unit_1_floor] => 1
    [unit_1_lease] => Array
        (
            [0] => Y
        )

[unit_1_levels] => 1
    [unit_1_rent] => Array
        (
            [0] => 2231
        )

[unit_2_bathrooms] => 1 Half
    [unit_2_bedrooms] => 0
    [unit_2_floor] => 1
    [unit_2_lease] => Array
        (
            [0] => Y
        )

[unit_2_levels] => 1
    [unit_2_rent] => Array
        (
            [0] => 1942
        )

[unit_3_bathrooms] => 1 Full
    [unit_3_bedrooms] => 4
    [unit_3_floor] => 2
    [unit_3_lease] => Array
        (
            [0] => Y
        )

[unit_3_levels] => 1
    [unit_3_rent] => Array
        (
            [0] => 3350
        )

[unit_4_bathrooms] => 1 Full
    [unit_4_bedrooms] => 4
    [unit_4_floor] => 3
    [unit_4_lease] => Array
        (
            [0] => Y
        )

[unit_4_levels] => 1
    [unit_4_rent] => Array
        (
            [0] => 3100
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => Array
        (
            [0] => 3106-3110 Washington Street, Boston MA 02119
        )

[utilities] => Array
        (
        )

[view] => Array
        (
        )

[water] => Array
        (
        )

[water_expense] => Array
        (
            [0] => $3,000
        )

[water_views] => Array
        (
        )

[water_views_features] => Array
        (
        )

[waterfront] => No
    [waterfront_features] => Array
        (
            [0] => No
        )

[year_built] => 1930
    [year_built_details] => Approximate,Renovated Since
    [year_built_source] => Public Records
    [year_renovated] => 
    [zip] => 02119
    [zoning] => NS
    [zoning_details] => 
    [media] => Array
        (
            [0] => Array
                (
                    [id] => 36897627
                    [name] => MLS1.jpg
                    [type] => gallery
                    [category] => image
                    [url] => https://www.bostonrealestate.com/wp-content/uploads/WPL/299378/MLS1.jpg
                    [index] => 1
                    [enabled] => 1
                    [created] => 2024-10-07 16:42:58
                    [modified] => 2024-10-07 16:42:58
                )

[1] => Array
                (
                    [id] => 36898281
                    [name] => MLS2.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73218226&w=1024&h=768&n=2
                    [index] => 2
                    [enabled] => 1
                    [created] => 2024-10-07 16:43:04
                    [modified] => 2024-10-07 16:43:04
                )

[2] => Array
                (
                    [id] => 36898282
                    [name] => MLS3.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73218226&w=1024&h=768&n=3
                    [index] => 3
                    [enabled] => 1
                    [created] => 2024-10-07 16:43:04
                    [modified] => 2024-10-07 16:43:04
                )

[3] => Array
                (
                    [id] => 36898283
                    [name] => MLS4.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73218226&w=1024&h=768&n=4
                    [index] => 4
                    [enabled] => 1
                    [created] => 2024-10-07 16:43:04
                    [modified] => 2024-10-07 16:43:04
                )

[4] => Array
                (
                    [id] => 36898284
                    [name] => MLS5.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73218226&w=1024&h=768&n=5
                    [index] => 5
                    [enabled] => 1
                    [created] => 2024-10-07 16:43:04
                    [modified] => 2024-10-07 16:43:04
                )

[5] => Array
                (
                    [id] => 36898285
                    [name] => MLS6.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73218226&w=1024&h=768&n=6
                    [index] => 6
                    [enabled] => 1
                    [created] => 2024-10-07 16:43:04
                    [modified] => 2024-10-07 16:43:04
                )

[6] => Array
                (
                    [id] => 36898286
                    [name] => MLS7.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73218226&w=1024&h=768&n=7
                    [index] => 7
                    [enabled] => 1
                    [created] => 2024-10-07 16:43:04
                    [modified] => 2024-10-07 16:43:04
                )

[7] => Array
                (
                    [id] => 36898287
                    [name] => MLS8.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73218226&w=1024&h=768&n=8
                    [index] => 8
                    [enabled] => 1
                    [created] => 2024-10-07 16:43:04
                    [modified] => 2024-10-07 16:43:04
                )

[8] => Array
                (
                    [id] => 36898288
                    [name] => MLS9.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73218226&w=1024&h=768&n=9
                    [index] => 9
                    [enabled] => 1
                    [created] => 2024-10-07 16:43:04
                    [modified] => 2024-10-07 16:43:04
                )

[9] => Array
                (
                    [id] => 36898289
                    [name] => MLS10.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73218226&w=1024&h=768&n=10
                    [index] => 10
                    [enabled] => 1
                    [created] => 2024-10-07 16:43:04
                    [modified] => 2024-10-07 16:43:04
                )

[10] => Array
                (
                    [id] => 36898290
                    [name] => MLS11.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73218226&w=1024&h=768&n=11
                    [index] => 11
                    [enabled] => 1
                    [created] => 2024-10-07 16:43:04
                    [modified] => 2024-10-07 16:43:04
                )

[11] => Array
                (
                    [id] => 36898291
                    [name] => MLS12.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73218226&w=1024&h=768&n=12
                    [index] => 12
                    [enabled] => 1
                    [created] => 2024-10-07 16:43:04
                    [modified] => 2024-10-07 16:43:04
                )

[12] => Array
                (
                    [id] => 36898292
                    [name] => MLS13.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73218226&w=1024&h=768&n=13
                    [index] => 13
                    [enabled] => 1
                    [created] => 2024-10-07 16:43:04
                    [modified] => 2024-10-07 16:43:04
                )

[13] => Array
                (
                    [id] => 36898293
                    [name] => MLS14.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73218226&w=1024&h=768&n=14
                    [index] => 14
                    [enabled] => 1
                    [created] => 2024-10-07 16:43:04
                    [modified] => 2024-10-07 16:43:04
                )

[14] => Array
                (
                    [id] => 36898294
                    [name] => MLS15.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73218226&w=1024&h=768&n=15
                    [index] => 15
                    [enabled] => 1
                    [created] => 2024-10-07 16:43:04
                    [modified] => 2024-10-07 16:43:04
                )

[15] => Array
                (
                    [id] => 36898295
                    [name] => MLS16.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73218226&w=1024&h=768&n=16
                    [index] => 16
                    [enabled] => 1
                    [created] => 2024-10-07 16:43:04
                    [modified] => 2024-10-07 16:43:04
                )

)

)

EXIT

Canceled

3106-3110 Washington Street, Boston MA 02119

$1,665,000

Annual Expenses for 3106-3110 Washington Street, Boston MA 02119

Annual Income & Unit Breakdown for 3106-3110 Washington Street, Boston MA 02119

General Information for 3106-3110 Washington Street, Boston MA 02119

Disclosures for 3106-3110 Washington Street, Boston MA 02119

Financial Information for 3106-3110 Washington Street, Boston MA 02119

Location Information for 3106-3110 Washington Street, Boston MA 02119

Contact Information for 3106-3110 Washington Street, Boston MA 02119

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

William Raveis R.E. & Home Services

The Residential Group