Calling all investors & developers; Prime Somerville investment opportunity in this transit-oriented location. The top floor was renovated in 21', while the vacated unit was just refreshed and ready to fetch market rent. The building was extensively rehabbed 20 years ago...
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Last Updated: April 5th, 2025 at 8:13am
Gross Income: $39,600
Gross Expenses: $8,403
Net Income Calc: $31,197
CAP Rate: 2.23%
Annual Expenses for 111 Washington St, Somerville MA 02143
Total Gross Expenses (Calculated)$8,403/year
APOD AvailableNo
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$8,403
Annual Income & Unit Breakdown for 111 Washington St, Somerville MA 02143
Total Gross Income (Calculated)$39,600
Unit 1
Rental Income0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent Includes
Unit 2
Rental Income3300
LeaseY
Bedrooms3
Bathrooms2 Full
Floor2
Levels in Unit1
HeatingYes
Rent Includes
General Information for 111 Washington St, Somerville MA 02143
Listing ID73334119
Property TypeMulti Family / 2 Family
Price$1,399,000 ($693.95/SqFt)
Style
CitySomerville
CountyMiddlesex
MLS AreaEast Somerville
Neighborhood(s)
Approximate Living Area Total2,016 SqFt
Approximate Lot Size (Acres)0.07 acres
Total Parking2
Garage Parking1 / Detached
Year Built1890
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesOther
Foundation Area9999
Foundation DescriptionStone
Accessible Features
Outdoor SpacePorch
ZoningRC
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 111 Washington St, Somerville MA 02143
Disclosures for 111 Washington St, Somerville MA 02143
Lead PaintUnknown
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$39,600
Total Net Income By Broker$39,600
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2.0%
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Location Information for 111 Washington St, Somerville MA 02143
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaEast Somerville
Area AmenitiesT-station
Contact Information for 111 Washington St, Somerville MA 02143