649 Washington StBoston, MA 02135

Property Details for 649 Washington St

Year built

1969

Property size (Sq ft)

11,000 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents an 11-unit multifamily property situated at 649-651 Washington Street in Boston, Massachusetts, within Suffolk County. The property comprises two adjacent buildings totaling 11,000 square feet on a 14,388 square foot lot. Building construction dates back to 1969, featuring a three-story design. The complex includes nine off-street parking spaces. Currently boasting 100% occupancy, with the occupancy date set for July 16, 2024, the property offers a mix of unit sizes. Nine units are located within 649 Washington Street, each offering one-bedroom layouts, spanning 7,500 square feet. The remaining two units reside in 651 Washington Street, a townhome-style building featuring spacious three-bedroom units. This value-add opportunity allows for potential income generation from existing tenants or implementing a business plan focused on unit upgrades and light renovations to enhance property value. The property's location in a core Boston submarket, combined with its strong market dynamics, presents a compelling investment case. The property is being offered unpriced, with tours available.

Location Insight

City

Boston

County

Suffolk

State

Massachusetts

Latitude

42.3513

Longitude

-71.1696

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