Brick Two-Family
For Sale
$1,899,999
703-705 Washington Street, Boston, MA 02135
Well-maintained brick duplex with two leased units through 5/31/2027, plus four off-street parking spaces.
Property Size3,824 SF
Price / SF$496.86
Days on Market55
Property Features for 703-705 Washington Street
General Information
Standard status
Active
Size
3,824 SF
Total Parking Spaces
4
Property subtype
Multi-family
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
private balcony
common laundry
common storage
Building Details
Year Built
1910
Stories
2
Construction
brick
Tenancy
Multi
Listing Agency:
JT Fleming & Company
Listed By:
Louis Gazo
(617) 875-4950
Source:
Sarkisboston
Added: Jun 6
Changed: Jul 22
Last Checked: Jul 22 at 8:34AM
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 property featuring two spacious units with updated kitchens and bathrooms. The first and second-floor units are both leased through 5/31/2027, providing stable occupancy for the next owner. The second-floor unit includes a large private balcony, and the basement provides common laundry and storage.
The property is described as located close to public transportation, shopping, dining, parks, and major commuter routes on the Brighton/Newton line.
Additional on-site convenience includes four off-street parking spaces. Photos were taken when the space was vacant, with some images virtually staged and enhanced.
The property is described as located close to public transportation, shopping, dining, parks, and major commuter routes on the Brighton/Newton line.
Additional on-site convenience includes four off-street parking spaces. Photos were taken when the space was vacant, with some images virtually staged and enhanced.
Key Highlights
- 1910‑built, well‑maintained brick two‑family property
- Both units are leased through 5/31/2027 for stable occupancy
- Two spacious floor plans with updated kitchens and bathrooms
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 authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,084
Businesses Nearby
Explore this area
Business Placement
Demographics for 02135, MA
47,232
Population
22,519
Households
2.1
Avg Household Size
29
Median Age
71%
College-Educated
93%
High-School Grad
2.6 sq mi
ZIP Area
18,166
Density / Sq Mi
$88,208
Median Household Income
$57,124
Median Earnings
$2,179
Median Rent
$684,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained brick duplex with two leased units through 5/31/2027, plus four off-street parking spaces.
Where is this duplex located?
The property is located at 703-705 Washington Street 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: 1910‑built, well‑maintained brick two‑family property; Both units are leased through 5/31/2027 for stable occupancy; Two spacious floor plans with updated kitchens and bathrooms
