First-Floor Office
New
For Sale
$599,000
129 N Washington Street # 1, Boston, MA 02114
An open-plan workspace includes a full bathroom and a kitchenette with stainless steel appliances.
Property Size1,614 SF
Days on Market4
Property Features for 129 N Washington Street # 1
General Information
Standard status
Active
Size
1,614 SF
Property subtype
COMMERCIAL
Space & Availability
Floor
First Floor
Condition
Turnkey
Site & Location
Neighborhood
North End
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$10,071
Amenities
recessed lighting
kitchenette
stainless steel appliances
basement space
Building Details
Building Size
1,614 SF
Year Built
1899
Listing Agency:
MIG
Listed By:
Nichols Realty Team
(617) 997-4963
Source:
Jonathanradford
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 10:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MIG
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Investment Insights
Based on property information with market context.
This 1,614-square-foot office condominium occupies the first floor and features an open layout with a full bathroom. Recent rehabilitation included modern recessed lighting and a kitchenette equipped with stainless steel appliances. The unit also has designated access to basement space for its exclusive use, with an easement for utility access.
The property is at 129 N Washington Street in Boston’s historic North End. The building dates to 1899.
The property is at 129 N Washington Street in Boston’s historic North End. The building dates to 1899.
Key Highlights
- 1,614‑square‑foot first‑floor office condominium
- Open layout with a full bathroom
- Kitchenette with stainless steel appliances and recessed lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,736
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,720
$1.0M
Cap Rate 7%
$739,086
$739.1K
Cap Rate 9%
$574,844
$574.8K
Market Conditions
NOI Build-Up for 1,614 SF
Gross rent
$81.3K $50.40/SF
− Vacancy
−$12.4K −$7.66/SF
EGI
$69.0K $42.74/SF
− OpEx
−$17.2K −$10.68/SF
NOI
$51.7K $32.05/SF
Area
ZIP 02114
Vacancy
15.20%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,720
Cap Rate 7%
$739,086
Cap Rate 9%
$574,844
Alternative Uses
Best Use
Office B
$739.1K
$646.7K – $862.3K
NOI $51,736 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$839.7K
$734.7K – $979.6K
NOI $58,778 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
17,709
Businesses Nearby
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Business Placement
Demographics for 02114, MA
14,469
Population
9,525
Households
1.5
Avg Household Size
33
Median Age
84%
College-Educated
97%
High-School Grad
0.4 sq mi
ZIP Area
36,173
Density / Sq Mi
$135,057
Median Household Income
$94,465
Median Earnings
$2,933
Median Rent
$927,900
Median Home Value
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Market
Vacancy Rate% for Office in Boston, MA
Frequently Asked Questions
What type of property is this?
Office unit - An open-plan workspace includes a full bathroom and a kitchenette with stainless steel appliances.
Where is this office unit located?
The property is located at 129 N Washington Street # 1 Boston, MA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,614‑square‑foot first‑floor office condominium; Open layout with a full bathroom; Kitchenette with stainless steel appliances and recessed lighting
