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    7 Washington St Somerville, MA 02143

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    For Sale
    $1,390,000

    ZBA approved plans for up to 10 units in Somerville.

    Property Features for 7 Washington St

    General Information

    Standard status
    Active

    Source: Leading Edge Real Estate Agent Ramsay and Company

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Somerville High-Density Development Opportunity

    This property presents a high-density development opportunity in Somerville. ZBA approved plans are in place for up to 10 units. Currently, the property is used as a tenanted single-family residence. Zoned MR-4, the lot allows for 4-story development, suitable for condo sellout or multi-family ownership. The location is less than 0.4 miles from the Green Line Extension and minutes from Sullivan Square, Union Square, and Route 93, providing accessibility. The property also allows easy access into Boston and Assembly. The existing plans can be advanced or modified to suit different visions, with options for a lower unit count or larger units.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0813499
    Latitude
    42.3822955

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    FAQs

    What type of property is this?
    Residential land & home lot - ZBA approved plans for up to 10 units in Somerville.
    Where is this residential land & home lot located?
    The property is located at 7 Washington St Somerville, MA.
    What is the asking price?
    The asking price for this property is $1,390,000.
    What are key features of this property?
    This property features: - ZBA approved plans for up to 10 units.; - High-density development opportunity in a sought-after Somerville neighborhood.; - MR-4 zoning allows for 4-story development.
    Request Owner's contact information
    7 Washington St Somerville, MA 02143
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7 Washington St Somerville, MA 02143
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