Duplex with Separate
New
For Sale
$1,299,000
419-421 Washington St, Winchester, MA 01890
Two independent central HVAC systems support the property's two-family layout.
Property Size2,946 SF
Days on Market3
Property Features for 419-421 Washington St
General Information
Standard status
Active
Size
2,946 SF
Total Parking Spaces
4
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,670
Building Details
Building Size
2,946 SF
Year Built
1910
Buildings
1
Listing Agency:
Coldwell Banker Realty - Lexington
Listed By:
The Marrocco Group
(413) 333-7776
Source:
Classifiedrealtygroup
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:03AM
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 Coldwell Banker Realty - Lexington
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Investment Insights
Based on property information with market context.
Built in 1910, this two-family property has separate utility services and central heating and air conditioning systems. Recent work includes a new roof, fresh interior and exterior paint, and refinished hardwood floors. A newly paved driveway provides parking for 4–5 vehicles.
The property is near Winchester Center, with dining, shops, and commuter rail service to Boston nearby. Winchester Hospital, I-93, Route 128/I-95, and Middlesex Fells Reservation are also in the surrounding area.
The property is near Winchester Center, with dining, shops, and commuter rail service to Boston nearby. Winchester Hospital, I-93, Route 128/I-95, and Middlesex Fells Reservation are also in the surrounding area.
Key Highlights
- Two‑family property built in 1910
- Separate utilities and central heating and air conditioning systems
- New roof, fresh interior and exterior paint, and refinished hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,338
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,246,760
$1.2M
Cap Rate 7%
$890,543
$890.5K
Cap Rate 9%
$692,644
$692.6K
Market Conditions
NOI Build-Up for 2,946 SF
Gross rent
$93.7K $31.80/SF
− Vacancy
−$4.6K −$1.57/SF
EGI
$89.1K $30.23/SF
− OpEx
−$26.7K −$9.07/SF
NOI
$62.3K $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%
$1,246,760
Cap Rate 7%
$890,543
Cap Rate 9%
$692,644
Alternative Uses
Best Use
Multifamily LT 5
$890.5K
$779.2K – $1.04M
NOI $62,338 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$837.4K
$732.7K – $976.9K
NOI $58,615 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,081 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Explore this area
Business Placement
Demographics for 01890, MA
22,970
Population
8,283
Households
2.8
Avg Household Size
43
Median Age
78%
College-Educated
97%
High-School Grad
6.0 sq mi
ZIP Area
3,828
Density / Sq Mi
$218,176
Median Household Income
$107,083
Median Earnings
$2,271
Median Rent
$1,181,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two independent central HVAC systems support the property's two-family layout.
Where is this duplex located?
The property is located at 419-421 Washington St Winchester, MA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Two‑family property built in 1910; Separate utilities and central heating and air conditioning systems; New roof, fresh interior and exterior paint, and refinished hardwood floors
