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$2,300,000
Est. payment /mo
14 Beds
6 Baths
4,976 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,976 sqft
Price per Sqft $462
MLS Listing ID 73593610
Bedrooms 14
Full Baths 6
Year Built 1959
Annual Tax Amount $14,800
Tax Year 2026
Lot Size 0.690 Acres
Acres 0.69
Property Sub-Type 5-9 Family
Property Description
Exceptional investment opportunity offering immediate cash flow, stable rental income, and long-term appreciation potential! This unique package includes two fully occupied three-family homes at 248 and 252 Washington Street, plus four adjoining vacant lots, totaling approximately 30,000 SF of land. Each identical building features two 2-bedroom units and one 3/4-bedroom unit, providing six income-producing apartments in a strong rental market with consistent tenant demand. Both properties offer solid construction, newer roofs, vinyl siding, poured concrete foundations, separate utilities, and ample off-street parking—making them attractive, low-maintenance investments with manageable operating expenses. Ideally situated near the Westwood line, within walking distance to the commuter rail, shopping, restaurants, and everyday amenities, the location supports continued rental demand and long-term value. The four additional lots provide further investment flexibility and potential upside, (subject to buyer verification of zoning and permitted uses). A rare opportunity to acquire an established, fully occupied multifamily portfolio with immediate income, diversified rental streams, and substantial land holdings in one transaction.
Location
State MA
County Norfolk
Zoning R
Direction GPS
Rooms
Basement Full
Interior
Interior Features Living Room, Kitchen
Heating Natural Gas
Appliance Range, Refrigerator
Exterior
Community Features Public Transportation, Shopping, Medical Facility, Highway Access, Public School
Roof Type Shingle
Total Parking Spaces 12
Garage No
Building
Story 5
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
Acceptable Financing Contract
Listing Terms Contract
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Listed by Capital Realty Group
Nearby School & Business
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