Mixed-Use Building with Retail
For Sale
$1,628,000
3106-3110 Washington St, Boston, MA 02119
Tenant-occupied commercial areas pair with renovated residential units and central A/C in a versatile urban property.
Property Size4,280 SF
Price / SF$380.37
Days on Market207
Property Features for 3106-3110 Washington St
General Information
Standard status
Active
Size
4,280 SF
Property subtype
Multi-Family
Zoning
RC
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,436
Amenities
false
Electric Dryer Hookup, Washer Hookup
Hardwood
City
Fenced/Enclosed
No
Yes
Rubber
Public Transportation, Shopping, Medical Facility, Laundromat, Conservation Area, Public School, T-Station, University
for Electric Range, for Electric Dryer, Washer Hookup
Building Details
Year Built
1930
Stories
4
Listing Agency:
Denkar Realty Group
Listed By:
Michael Kwan · License #9513113
(617) 792-7871
Source:
Arborviewrealtyinc
Added: Mar 25
Changed: Sep 10
Last Checked: Aug 29 at 9:29PM
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 Denkar Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,280-square-foot mixed-use property, built in 1930, combines two commercial spaces with two residential units. The commercial areas have long-term tenants, while the residential units were renovated 3 years ago with solid wood cabinetry, granite countertops, refinished hardwood flooring, central A/C, and forced-air heating. Additional features include hardwood interiors, washer hookups, and dryer connections.
Located at 3106-3110 Washington St in Boston’s Jamaica Plain area, the property is near public transportation, shopping, medical services, a laundromat, a conservation area, a public school, a T-Station, and a university. The property is zoned RC and includes a fenced/enclosed exterior.
Located at 3106-3110 Washington St in Boston’s Jamaica Plain area, the property is near public transportation, shopping, medical services, a laundromat, a conservation area, a public school, a T-Station, and a university. The property is zoned RC and includes a fenced/enclosed exterior.
Key Highlights
- 4,280 SF mixed‑use property with 2 commercial spaces and 2 residential units
- Long‑term tenants occupy the commercial spaces
- Residential units renovated 3 years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,486
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,089,720
$2.1M
Cap Rate 7%
$1,492,657
$1.5M
Cap Rate 9%
$1,160,956
$1.2M
Market Conditions
NOI Build-Up for 4,280 SF
Gross rent
$179.8K $42.00/SF
− Vacancy
−$12.6K −$2.94/SF
EGI
$167.2K $39.06/SF
− OpEx
−$62.7K −$14.65/SF
NOI
$104.5K $24.41/SF
Area
Boston, MA
Vacancy
7.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,089,720
Cap Rate 7%
$1,492,657
Cap Rate 9%
$1,160,956
Alternative Uses
Best Use
Mixed Use
$1.49M
$1.31M – $1.74M
NOI $104,486 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,546 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$3.20M
$2.80M – $3.74M
NOI $224,340 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,808
Businesses Nearby
Explore this area
Business Placement
Demographics for 02119, MA
29,175
Population
12,937
Households
2.3
Avg Household Size
34
Median Age
30%
College-Educated
81%
High-School Grad
1.6 sq mi
ZIP Area
18,234
Density / Sq Mi
$43,255
Median Household Income
$38,664
Median Earnings
$1,252
Median Rent
$668,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Tenant-occupied commercial areas pair with renovated residential units and central A/C in a versatile urban property.
Where is this mixed-use property located?
The property is located at 3106-3110 Washington St Boston, MA.
What is the asking price?
The asking price for this property is $1,628,000.
What are key features of this property?
This property features: 4,280 SF mixed‑use property with 2 commercial spaces and 2 residential units; Long‑term tenants occupy the commercial spaces; Residential units renovated 3 years ago
