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202 Washington St, Somerville MA 02143

$1,795,000

Estimated $4,297/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $448,750

Total Rent: 112800/year

Estimated CAP Rate:

6 Bedrooms

Baths

4233

Total Parking: 2

2,613 (0.06)

Nestled in the heart of Union Square lies a Stately 4-family property spanning a spacious 4233 square feet. Comprising of 2-1-bedroom units and 2-2-bedroom. This property features a garage with two spaces, a driveway and is fully leased. Owned by the same family for over 35 years, this property is an excellent investment opportunity for investors and developers alike. The ongoing redevelopment in Union Square, including new construction and infrastructure improvements, is increasing demand for properties in the area. Plus, its proximity to public transportation (including the recently opened New Green Line T) and the vibrant cultural scene makes this property an attractive option for all types of buyers. Located close to Assembly Square and more, this is the perfect opportunity to be a part of the exciting developments in Union Square!

This home has been viewed 47 times

Last Checked: May 7th, 2024 at 5:51am (Source: MLS PIN #73087497)

Gross Income: $112,800

Gross Expenses: $16,641

Net Income Calc: $96,159

Water Views

Annual Expenses for 202 Washington St, Somerville MA 02143

Total Gross Expenses (Calculated)$16,641/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax16641

Annual Income & Unit Breakdown for 202 Washington St, Somerville MA 02143

Total Gross Income (Calculated)$112,800

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

Rent Includes

Unit 4

Rental Income$0

LeaseY

Bedrooms2

Bathrooms2 Full, 1 Half

Floor3

Levels in Unit1

Rent Includes

General Information for 202 Washington St, Somerville MA 02143

Listing ID73087497

Property TypeMulti Family / 4 Family

Price1795000 ($424.05/SqFt)

Style4 Family - 4 Units Up/down

CitySomerville

CountyMiddlesex

Neighborhood(s)

Approximate Living Area Total4233

Approximate Lot Size (Acres)0.06

Total Parking2

Garage Parking2

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningUR

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 202 Washington St, Somerville MA 02143

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsGenerator

Financial Data SourceEstimated

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Compensation Based OnNet Sale Price

Financial Information for 202 Washington St, Somerville MA 02143

Real Estate Taxes16641

Tax Year2022

Assessed Value$1,634,700

Financial Data SourceEstimated

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 202 Washington St, Somerville MA 02143

Elementary SchoolArgenziano

Middle SchoolArgenziano

High SchoolSomerville High

Neighborhood(s)

Area Amenities

Contact Information for 202 Washington St, Somerville MA 02143

Agent

Name: Jack Lister

Office

Name: Berkshire Hathaway HomeServices Verani Realty

Phone: 978-475-4411

Payment Calculator

, Interest

Property Taxes 1386.75

Principal & Interest 11060.22

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Verani Realty

Jack Lister

Agent Phone

Office Phone

(978) 475-4411

Text Agent Call Agent Call Office

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EXIT

28 More Photos

Closed

202 Washington St, Somerville MA 02143

$1,795,000

Annual Expenses for 202 Washington St, Somerville MA 02143

Annual Income & Unit Breakdown for 202 Washington St, Somerville MA 02143

General Information for 202 Washington St, Somerville MA 02143

Disclosures for 202 Washington St, Somerville MA 02143

Financial Information for 202 Washington St, Somerville MA 02143

Location Information for 202 Washington St, Somerville MA 02143

Contact Information for 202 Washington St, Somerville MA 02143

Agent

Office

Payment Calculator

Exclusive Listing Agent

Berkshire Hathaway HomeServices Verani Realty

Jack Lister