Four-Unit Multifamily
202 Washington St, Somerville, MA 02143
For Sale
$2,220,000
The building has a two-bedroom and one-bedroom mix, garage parking, and leases extending through August 2027.
Property Size4,233 SF
Price / SF$524.45
Days on Market8
Property Features for 202 Washington St
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Amenities
laundry
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Berkshire Hathaway HomeServices Verani Realty
(978) 475-4411
Listed By:
Jack Lister
(617) 438-2460
Source:
Lockandkeyre
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 7:07AM
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 Berkshire Hathaway HomeServices Verani Realty
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Investment Insights
Based on property information with market context.
Built in 1900, this 4,233-square-foot multifamily property contains four apartments: two one-bedroom units and two two-bedroom units. The building includes a two-car garage and driveway, along with updated laundry facilities and cosmetic improvements. Tenants pay their own heat and electricity, and all four apartments have Letters of Full Deleading Compliance dated August 2026. Leases run through August 2027.
The property is in Union Square, steps from the Union Square Green Line station. Bow Market, restaurants, and shops are within walking distance; Assembly Row, Cambridge, Route 93, and downtown Boston are accessible from the area. The property is zoned UR.
The property is in Union Square, steps from the Union Square Green Line station. Bow Market, restaurants, and shops are within walking distance; Assembly Row, Cambridge, Route 93, and downtown Boston are accessible from the area. The property is zoned UR.
Key Highlights
- Four apartments: two one‑bedroom units and two two‑bedroom units
- 4,233 square feet; built in 1900
- Two‑car garage and driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,572
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,791,440
$1.8M
Cap Rate 7%
$1,279,600
$1.3M
Cap Rate 9%
$995,244
$995.2K
Market Conditions
NOI Build-Up for 4,233 SF
Gross rent
$134.6K $31.80/SF
− Vacancy
−$6.6K −$1.57/SF
EGI
$128.0K $30.23/SF
− OpEx
−$38.4K −$9.07/SF
NOI
$89.6K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,791,440
Cap Rate 7%
$1,279,600
Cap Rate 9%
$995,244
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.49M
NOI $89,572 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,222 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$2.51M
$2.19M – $2.92M
NOI $175,414 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,874
Businesses Nearby
Explore this area
Business Placement
Demographics for 02143, MA
26,022
Population
12,901
Households
2
Avg Household Size
33
Median Age
74%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
17,348
Density / Sq Mi
$126,102
Median Household Income
$73,055
Median Earnings
$2,424
Median Rent
$930,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Middlesex County, MA
Properties on Market for Quadplexes in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - The building has a two-bedroom and one-bedroom mix, garage parking, and leases extending through August 2027.
Where is this quadplex located?
The property is located at 202 Washington St Somerville, MA.
What is the asking price?
The asking price for this property is $2,220,000.
What are key features of this property?
This property features: Four apartments: two one‑bedroom units and two two‑bedroom units; 4,233 square feet; built in 1900; Two‑car garage and driveway
