Overview Property Details Payment Calculator Walkability

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204 Washington St, Somerville MA 02143

$1,200,000

Estimated $2,812.21/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $400,000

Total Rent: 70320/year

Estimated CAP Rate: 4.99%

6 Bedrooms

3 Full Baths

2,966 SqFt

Total Parking: 0

1,735 SqFt

Attention investors and developers - a prime investment opportunity in the Union Square neighborhood of Somerville with tremendous potential for updating and/or redevelopment. Easy access to the MBTA green line, Route 93, Assembly Row, and the Encore Casino. Endless shopping...

This home has been viewed 55 times

Last Checked: March 29th, 2025 at 4:19am (Source: MLS PIN #73346136)

Gross Income: $70,320

Gross Expenses: $10,397

Net Income Calc: $59,923

CAP Rate: 4.99%

Annual Expenses for 204 Washington St, Somerville MA 02143

Total Gross Expenses (Calculated)$10,397/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$10,397

Annual Income & Unit Breakdown for 204 Washington St, Somerville MA 02143

Total Gross Income (Calculated)$70,320

Unit 1

Rental Income$1,860

LeaseN

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,200

LeaseN

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$1,800

LeaseN

Bedrooms2

Bathrooms2 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 204 Washington St, Somerville MA 02143

Listing ID73346136

Property TypeMulti Family / 3 Family

Price$1,200,000 ($404.59/SqFt)

Style3 Family

CitySomerville

CountyMiddlesex

MLS AreaUnion Square

Neighborhood(s)

Approximate Living Area Total2,966 SqFt

Approximate Lot Size (Acres)0.04 acres

Total Parking0

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Brick

Lot FeaturesLevel

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningBA

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 204 Washington St, Somerville MA 02143

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$70,320

Total Net Income By Broker$70,320

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%

Facilitator Compensation2%

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 204 Washington St, Somerville MA 02143

Real Estate Taxes$10,397

Tax Year2024

Assessed Value$988,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$70,320

BostonRealEstate.com Gross Income

Total Net Income By Broker$70,320

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.99%

Location Information for 204 Washington St, Somerville MA 02143

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaUnion Square

Area AmenitiesHighway Access, House Of Worship, Shopping, Park, Medical Facility, Laundromat, Public Transportation, T-station

Contact Information for 204 Washington St, Somerville MA 02143

Agent

Name: Shane Marrion

MLS ID: BB800671

Office ID: BB5745

Address: 56 Harvey Street

City: Cambridge

State: MA

Zip: 02140

Office

Name: Benoit Real Estate Group ,LLC

MLS Office ID: BB5745

Phone: 617-764-5590

Payment Calculator

$8,260.44 per month

30 Years Fixed, 6.75% Interest

Property Taxes $866.42

Principal & Interest $7,394.02

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Benoit Real Estate Group ,LLC

Shane Marrion

Agent Phone

Office Phone

(617) 764-5590

Text Agent Call Agent Call Office

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[id] => 598370
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            [phone] => 617-764-5590
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[pasture_area] => None
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[perc_test] => Array
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[perc_test_date] => Unknown
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EXIT

Withdrawn

204 Washington St, Somerville MA 02143

$1,200,000

Annual Expenses for 204 Washington St, Somerville MA 02143

Annual Income & Unit Breakdown for 204 Washington St, Somerville MA 02143

General Information for 204 Washington St, Somerville MA 02143

Disclosures for 204 Washington St, Somerville MA 02143

Financial Information for 204 Washington St, Somerville MA 02143

Location Information for 204 Washington St, Somerville MA 02143

Contact Information for 204 Washington St, Somerville MA 02143

Agent

Office

Payment Calculator

Exclusive Listing Agent

Benoit Real Estate Group ,LLC

Shane Marrion