3520 Washington St
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3520 Washington St
5,764 SF 100% Leased Retail Building Jamaica Plain, MA 02130 $1,888,888 ($328/SF) 8.02% Cap Rate
Investment Highlights
- Fully Leased. 8 CAP! Offers due 10/30.
Executive Summary
NOW FULLY LEASED! Annual net income over $150,000 makes this an 8 CAP INVESTMENT! The building features a +/- 3,600 sq/ft commercial space (2,413 sq/ft first floor + basement) which is newly leased to a boxing gym on a 5 year lease with a 5 year option, NNN. The two residential apartments are newly renovated with hardwood floors, crown moldings, beautiful tile baths, white shaker kitchens with quartz counters, in unit laundry, central A/C and decks. These units are on lease to 8/31/25. The property comprises 2 lots which lends to potential future expansion. This is hands down THE BEST INVESTOR DEAL IN BOSTON! Call today for a private showing. Pro-Forma attached. OFFERS DUE 10/30 at 5PM.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$170,100
|
$29.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$170,100
|
$29.51
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$18,553
|
$3.22
|
| Net Operating Income |
$151,547
|
$26.29
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $170,100 |
| Annual Per SF | $29.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $170,100 |
| Annual Per SF | $29.51 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $18,553 |
| Annual Per SF | $3.22 |
| Net Operating Income | |
|---|---|
| Annual | $151,547 |
| Annual Per SF | $26.29 |
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,764 SF
Building Class
B
Year Built
1900
Price
$1,888,888
Price Per SF
$328
Cap Rate
8.02%
NOI
$151,547
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.02
Land Acres
0.13 AC
Zoning
LI
Parking
2 Spaces (0.35 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (88)
Transit Score ®
Excellent Transit (81)
Bike Score ®
Biker's Paradise (98)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | JAMA-000000-000011-002810 | Improvements Assessment | $592,600 (2024) |
| Land Assessment | $185,700 (2024) | Total Assessment | $778,300 (2024) |
PROPERTY TAXES
Parcel Number
JAMA-000000-000011-002810
Land Assessment
$185,700 (2024)
Improvements Assessment
$592,600 (2024)
Total Assessment
$778,300 (2024)
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3520 Washington St
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