Mixed-Use Retail and
1353 Washington Street Abington, MA 02351
1353 Washington Street, Abington, MA, 02351
$675,000
For Sale
$675,000
Vacant two-family with an additional 2-room free-standing shop on a corner lot across from Trucchi's Supermarket.
Property Size2,531 SF
Price / SF$266.69
Days on Market422
Property Features for 1353 Washington Street
General Information
- Standard status
- Active
- Size
- 2,531 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1831
Listing agency
Old Town Real Estate, L L C
(781) 878-5701
Listed by
Roger P. Woods Jr. · License #134362
(781) 878-5701
Source
Compass
Added: May 26, 2025 Updated: Jul 21 at 5:44PM Checked: Jul 21 at 5:44PM
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 Old Town Real Estate, L L C
Investment Insights
Based on property information with market context.
This property includes a two-family residence plus a separate, free-standing 2-room shop/retail building. The property is vacant and empty, and it is described as easy to show. The offering is positioned as a rehab project.
Located at 1353 Washington Street in Abington, it sits on a corner lot at Bedford/Bates streets. The public remarks note frontage along a prime Route 18 route and proximity to the intersection of Route 18 and Route 139, with the shop and residence directly across from Trucchi's Supermarket.
Overall, the configuration provides residential income potential together with an attached-in-use but separately framed retail/shop component, all on a corner setting with prominent neighborhood retail adjacency.
Located at 1353 Washington Street in Abington, it sits on a corner lot at Bedford/Bates streets. The public remarks note frontage along a prime Route 18 route and proximity to the intersection of Route 18 and Route 139, with the shop and residence directly across from Trucchi's Supermarket.
Overall, the configuration provides residential income potential together with an attached-in-use but separately framed retail/shop component, all on a corner setting with prominent neighborhood retail adjacency.
Key Highlights
- Vacant two‑family property with an additional 2‑room free‑standing shop/retail building
- Corner lot on a level site with deck and deck/patio area
- 2 total baths (2 full baths); interior includes partial basement and crawl space
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.5k | $25.50 |
| − Vacancy | −$3.4k | −$1.36 |
| EGI | $61.1k | $24.14 |
| − OpEx | −$18.3k | −$7.24 |
| NOI | $42.8k | $16.90 |
2,531 SF · lease $25.50/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$611.1K
$534.7K – $712.9K
NOI $42,775 @ 7.0% cap · market cap 6.34%
Second Best
Retail
$594.1K
$519.8K – $693.1K
NOI $41,585 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,884 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Vacant two-family with an additional 2-room free-standing shop on a corner lot across from Trucchi's Supermarket.
Where is this duplex located?
The property is located at 1353 Washington Street Abington, MA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Vacant two‑family property with an additional 2‑room free‑standing shop/retail building; Corner lot on a level site with deck and deck/patio area; 2 total baths (2 full baths); interior includes partial basement and crawl space
