$2,300,000
14
Beds
6
Baths
4,976
Living Area
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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.
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Highlights
- Heating: Natural Gas
- Parking Spots: 12
- Property Type: 5-9 Family
- Total Rooms: 28
- Status: Active
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1959
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Frame
- Foundation: Concrete Perimeter
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: R
- Basement: Full
- Exclusions: Tenant Appliances And Their Personal Belongings.
- Interior Features: Living Room, Kitchen
- Roof: Shingle
- Total Number of Units: 6
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Medical Facility, Highway Access, Public School
- Parking Features: Paved Drive, Common
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,525,000
- Taxes: $14,800
- Tax Year: 2026
- Total Rent: $16,450
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Listing information provided courtesy of Capital Realty Group.
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