Two-Family Residential Income
339-341 Washington Street Winchester, MA 01890
For Sale
$999,000
Two unit layout with separate enclosed front porches, hardwood floors, renovated bathrooms, and granite-equipped kitchens.
Property Size2,160 SF
Price / SF$462.50
Days on Market45
Property Features for 339-341 Washington Street
General Information
- Standard status
- Active
- Size
- 2,160 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1926
Listing Agency:
Gibson Sotheby's International Realty
Listed By:
The Pallotta Group
(508) 287-2695
Source:
Demakis
Added: Jun 9
Changed: Jul 22
Last Checked: Jul 23 at 8:13AM
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 Gibson Sotheby's International Realty
Investment Insights
Based on property information with market context.
This two-family residential property offers two units with nearly identical layouts and an abundance of natural light. The first floor features two bedrooms plus an office, while the second floor includes a third bedroom. Both levels include enclosed front porches and spacious front-to-back living and dining rooms with original built-in china cabinets and high ceilings, creating a classic, character-rich interior.
Each kitchen includes granite countertops, stainless steel appliances, dedicated pantries, and access to rear porches. The property also includes renovated bathrooms and freshly painted interiors. Additional features include hardwood floors throughout, basement storage, and laundry.
Externally, the home provides an expansive private backyard, a two-car garage, and four off-street parking spaces, supported by convenient access to local amenities and commuter routes near Winchester Center, restaurants, shopping, and major roads.
Each kitchen includes granite countertops, stainless steel appliances, dedicated pantries, and access to rear porches. The property also includes renovated bathrooms and freshly painted interiors. Additional features include hardwood floors throughout, basement storage, and laundry.
Externally, the home provides an expansive private backyard, a two-car garage, and four off-street parking spaces, supported by convenient access to local amenities and commuter routes near Winchester Center, restaurants, shopping, and major roads.
Key Highlights
- Two‑family home built in 1926 with two nearly identical unit layouts
- First floor: 2 bedrooms plus an office; second floor: 3rd bedroom
- Each unit has enclosed front porches, original built‑in china cabinets, and high ceilings
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 | $68.7k | $31.80 |
| − Vacancy | −$3.4k | −$1.57 |
| EGI | $65.3k | $30.23 |
| − OpEx | −$19.6k | −$9.07 |
| NOI | $45.7k | $21.16 |
2,160 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$652.9K
$571.3K – $761.8K
NOI $45,706 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$614.0K
$537.2K – $716.3K
NOI $42,977 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,510 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two unit layout with separate enclosed front porches, hardwood floors, renovated bathrooms, and granite-equipped kitchens.
Where is this duplex located?
The property is located at 339-341 Washington Street Winchester, MA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑family home built in 1926 with two nearly identical unit layouts; First floor: 2 bedrooms plus an office; second floor: 3rd bedroom; Each unit has enclosed front porches, original built‑in china cabinets, and high ceilings
