Brick Two-Family
703-705 Washington Street Boston, MA 02135
703-705 Washington Street, Boston, MA, 02135
$1,899,999
For Sale
$1,899,999
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 Market47
Property Features for 703-705 Washington Street
General Information
- Standard status
- Active
- Size
- 3,824 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
JT Fleming & Company
Listed by
Louis Gazo
(617) 875-4950
Source
Sarkisboston
Added: Jun 6 Updated: Jul 22 at 2:01AM 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
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 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
