Move-In Ready Office
For Sale
Contact for pricing
420 Washington Street, Boston, MA 02124
Three-level, move-in ready office building with private offices, conference spaces, and multiple kitchens/pantries.
Property Size3,812 SF
Price / SF$0.01
Days on Market177
Property Features for 420 Washington Street
General Information
Standard status
Active
Size
3,812 SF
Property subtype
Commercial
Site & Location
Neighborhood
Hyde Park
Amenities
private offices
conference and training rooms
collaborative workspace
kitchens/pantries
handicap-accessible restrooms
shower
Building Details
Year Built
1920
Stories
3
Listing Agency:
DMG Brokerage,LLC
Listed By:
Jonathan Simon
(617) 895-9298
Source:
Merryfoxrealty
Added: May 2
Changed: Jul 21
Last Checked: Oct 24 at 9:38PM
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 DMG Brokerage,LLC
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Investment Insights
Based on property information with market context.
This move-in ready three-level office building is set up for immediate occupancy. The flexible interior layout includes private offices on every floor, conference and training rooms, and collaborative workspace, along with multiple kitchens or pantries to support day-to-day operations. Restrooms are handicap-accessible throughout, and there is an additional shower on the second floor.
Designed to accommodate administrative and client- or program-based needs, the building is described as suitable for general office, non-profit, or medical use. With its turnkey condition and ready-to-work configuration, it offers a practical option for organizations seeking a professional environment.
The property’s multi-floor layout supports a mix of private offices and shared meeting and training areas, with accessibility features distributed throughout the building and additional amenities including the second-floor shower.
Designed to accommodate administrative and client- or program-based needs, the building is described as suitable for general office, non-profit, or medical use. With its turnkey condition and ready-to-work configuration, it offers a practical option for organizations seeking a professional environment.
The property’s multi-floor layout supports a mix of private offices and shared meeting and training areas, with accessibility features distributed throughout the building and additional amenities including the second-floor shower.
Key Highlights
- Three‑level office building built in 1920
- Move‑in ready for general office, non‑profit, or medical use
- Flexible layout with private offices on every floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,399
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,547,980
$1.5M
Cap Rate 7%
$1,105,700
$1.1M
Cap Rate 9%
$859,989
$860.0K
Market Conditions
NOI Build-Up for 3,812 SF
Gross rent
$137.2K $36.00/SF
− Vacancy
−$8.2K −$2.16/SF
EGI
$129.0K $33.84/SF
− OpEx
−$51.6K −$13.54/SF
NOI
$77.4K $20.30/SF
Area
Boston, MA
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,547,980
Cap Rate 7%
$1,105,700
Cap Rate 9%
$859,989
Alternative Uses
Best Use
Office B
$1.61M
$1.40M – $1.87M
NOI $112,393 @ 7.0% cap · market cap 561,965.00%
Second Best
Healthcare Medical
$1.11M
$967.5K – $1.29M
NOI $77,399 @ 7.0% cap · market cap 386,995.00%
Theoretical Best
Office A
$2.85M
$2.50M – $3.33M
NOI $199,810 @ 7.0% cap · market cap 999,050.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Explore this area
Business Placement
Demographics for 02124, MA
50,972
Population
21,264
Households
2.4
Avg Household Size
36
Median Age
31%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
16,991
Density / Sq Mi
$79,168
Median Household Income
$43,483
Median Earnings
$1,783
Median Rent
$607,200
Median Home Value
Market
Vacancy Rate% for Office in Boston, MA
Frequently Asked Questions
What type of property is this?
Office building - Three-level, move-in ready office building with private offices, conference spaces, and multiple kitchens/pantries.
Where is this office building located?
The property is located at 420 Washington Street Boston, MA.
What are key features of this property?
This property features: Three‑level office building built in 1920; Move‑in ready for general office, non‑profit, or medical use; Flexible layout with private offices on every floor
