7 Washington St
$1,390,000
17
Beds
12
Baths
10,537
Sqft
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NEW CONSTRUCTION
$1,390,000
17
Beds
12
Baths
10,537
Living Area
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Property Description
Investors, builders, & developers take notice on 7 Washington St! There is not a better opportunity to purchase and develop in a bustling area of Somerville! The property is currently a tenanted single-family on an MR-4 zoned lot allowing for 4 story development BY RIGHT. Whether condominiums, multi-family, or income investment this location is prime and ready to go. Highly accessible to all transportation, less than .4 miles to the green line extension, minutes to Sullivan Sq, Union Sq, & Rt 93. Only 2 miles to Boston’s North End and just 1 mile to Assembly Row and Encore Casino, endless dining and city life is right around the corner! Seller currently has ZBA Approved Plans for up to 10 Units that can be progressed or amended if buyer so desires, however the opportunities are abundant so bring your creativity. Perfect scenario to come collect rent as you plan your next move! Buyer and/or buyer's agents/representatives to do their own due diligence. Don’t miss this opportunity!
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Highlights
- Area: East Somerville
- Property Class: Residential Income
- Stories: 4
- Status: Active
- Levels: 4
- Property Type: 5+ Family - 5+ Units Up/Down
- Year Built: 1900
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Additional Details
- Foundation: Other
- SqFt Source: Other
- Year Built Details: To Be Built
- Zoning: Rc
- Lot Features: Level
- Total Number of Units: 10
- Year Built Source: Owner
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $798,400
- Facilitator Compensation: 2%
- Taxes: $8,399
- Buyer Agent Compensation: 2%
- Tax Year: 2024
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Content © 2025 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Coldwell Banker Realty - Andovers/Readings Regional.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.