Brick Two-Family
703-705 Washington St Boston, MA 02135
703-705 Washington St, Boston, MA, 02135
$1,899,999
For Sale
$1,899,999
Well-maintained brick duplex with updated kitchens and bathrooms, four off-street parking spaces, and both units leased through 5/31/2027.
Property Size3,824 SF
Price / SF$496.86
Days on Market42
Property Features for 703-705 Washington St
General Information
- Standard status
- Active
- Size
- 3,824 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1910
Listing agency
JT Fleming & Company
(802) 881-5139
Listed by
Louis Gazo
(802) 881-5139
Source
Lockandkeyre
Added: Jun 11 Updated: Jul 21 at 12:28PM Checked: Jul 22 at 5:10AM
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 JT Fleming & Company
Investment Insights
Based on property information with market context.
Well-maintained brick two-family (duplex) property offering spacious floor plans with generously sized rooms and abundant natural light. Both units feature updated kitchens and bathrooms. The second-floor unit also includes a large private balcony. Additional building amenities include common laundry and storage in the basement, along with four off-street parking spaces.
The property is located close to public transportation, shopping, dining, parks, and major commuter routes, positioned on the Brighton/Newton line.
Both the first and second-floor units are currently leased through 5/31/2027, providing stable occupancy for the next owner. Photos were taken when the space was vacant, and some photos include virtual staging and enhancements.
The property is located close to public transportation, shopping, dining, parks, and major commuter routes, positioned on the Brighton/Newton line.
Both the first and second-floor units are currently leased through 5/31/2027, providing stable occupancy for the next owner. Photos were taken when the space was vacant, and some photos include virtual staging and enhancements.
Key Highlights
- Well‑maintained brick two‑family property built in 1910 with updated kitchens and bathrooms
- Both units are leased through 5/31/2027, offering stable occupancy for the next owner
- Both units feature spacious layouts with generously sized rooms and abundant natural light
Local 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 | $144.5k | $37.80 |
| − Vacancy | −$6.5k | −$1.70 |
| EGI | $138.0k | $36.10 |
| − OpEx | −$41.4k | −$10.83 |
| NOI | $96.6k | $25.27 |
3,824 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.21M – $1.61M
NOI $96,630 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,834 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$2.86M
$2.51M – $3.34M
NOI $200,439 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained brick duplex with updated kitchens and bathrooms, four off-street parking spaces, and both units leased through 5/31/2027.
Where is this duplex located?
The property is located at 703-705 Washington St Boston, MA.
What is the asking price?
The asking price for this property is $1,899,999.
What are key features of this property?
This property features: Well‑maintained brick two‑family property built in 1910 with updated kitchens and bathrooms; Both units are leased through 5/31/2027, offering stable occupancy for the next owner; Both units feature spacious layouts with generously sized rooms and abundant natural light
