Listing photo for 7 Washington, Somerville, MA
Listing photo for 7 Washington, Somerville, MA
Listing photo for 7 Washington, Somerville, MA
Listing photo for 7 Washington, Somerville, MA
Listing photo for 7 Washington, Somerville, MA
Listing photo for 7 Washington, Somerville, MA
Listing photo for 7 Washington, Somerville, MA
Listing photo for 7 Washington, Somerville, MA
Listing photo for 7 Washington, Somerville, MA
Listing photo for 7 Washington, Somerville, MA
Listing photo for 7 Washington, Somerville, MA
Listing photo for 7 Washington, Somerville, MA
Listing photo for 7 Washington, Somerville, MA
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7 Washington,

Somerville, MA

$1,950,000

0.07 Acres

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.

Facts & Features
MLS® # 72802679
Price $1,950,000
Acres 0.07
Type Lots and Land
Sub-Type Residential
Status Active
Annual Taxes $6,799
Tax Year 2021
Community Information
Address 7 Washington
City Somerville
County Middlesex
State MA
Zip Code 02143
Amenities
Is Waterfront No
Exterior
Lot Description Level, Other (See Remarks)
Additional Information
Zoning Multi-Family
Foreclosure No

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