Active
41 Days on market
197 Washington St #409 Somerville — Photo 1 of 28

197 Washington St #409 Somerville — Photo 1 of 28

$685,000

Investment Analysis — 197 Washington St #409

Somerville, MA 02143 — Union Square

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 02143 carries an estimated $2,920/mo in gross rent — about a 1.96% cap rate and $13,420/yr in estimated NOI at the $685,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

1

Baths

1

SqFt

738

Style

Condominium

Built

2015

Union Square. Elevator Building. Meticulously-maintained top floor modern 1-bedroom condominium. The open floor plan begins with high-ceilings, a contemporary white kitchen featuring ample cabinets, gas cooking, quartz counters, stainless steel appliances and a versatile breakfast island. All-day sun floods the Living/Dining/Kitchen with full-southern exposure, floor-to-ceiling windows & panoramic Boston Skyline views. The bedroom boasts floor-to-ceiling windows again with custom walk-in closet/dressing area that opens to a modern bathroom with spacious walk-in shower. Also, wide-plank hardwood floors throughout, custom plantation style shutters, full-size in-unit laundry, full-size covered deeded parking and large private walk-in storage room. Building amenities include a common clubroom and roof deck with comfy seating, a first floor gym and a spacious elevator servicing all floors including the roof deck. Located just 1 block to Union Square, the Green Line T-station as well as dozens of cafes, restaurants and shops. With a walk score of 96, a bike score of 94 and a transit score of 81 it doesn't get more centrally located.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$685,000
Annual Taxes$7,486
HOA Fee$477

Parking

Garage1
Off-Street1

Interior Specifications

Total Rooms3
FireplacesNone
FlooringWood, Tile
BasementN

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofRubber, Reflective Roofing-ENERGY STAR
Foundation--
ZoningMR4

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Plumbed For Ice Maker

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Bike Path • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Unknown
Living RoomDining RoomKitchenPrimary Bedroom
Living Room
Lvl null

Flooring - Hardwood, Open Floorplan, Recessed Lighting

Dining Room
Lvl null

Flooring - Hardwood, Open Floorplan, Recessed Lighting

Kitchen
Lvl null

Flooring - Hardwood, Kitchen Island, Open Floorplan, Recessed Lighting

Primary Bedroom
Lvl null

Bathroom - 3/4, Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting

Listing Provided By

Listing Agent: Peter Boyajian Team

Listing Office: Real Estate 109

MLS® Number: 73559838