$2,380,000
SOLD JAN 25, 2025
11 Beds
5 Baths
3,900 Sq Ft
4,950 Sq Ft Lot

Recently Sold

$610 Per Sq Ft

2% Below List Price

3 Days on Market

Highlights

  • Deck
  • 5-minute walk to South Street Station
  • 2 Car Garage
  • Property is near public transit
  • Jogging Path
  • Coin Laundry

About This Home

As of January 2025

Cash Cow in one of Boston most coveted street's. A projected 7.5% cap This newly renovated multifamily property offers an outstanding investment opportunity, generating 215k in annual rental income. Each unit has been thoughtfully updated with high-end stainless steel appliances and beautiful white oak floors, showcasing exceptional craftsmanship and modern style. The property is situated in a vibrant neighborhood, providing easy access to shops, cafes, and local amenities making it an ideal choice for both tenants and owners seeking convenience and comfort. With its prime location, quality finishes, and strong income history, this property is a must-see for investors looking for a turn-key asset in a highly desirable area. With beautiful finishes, central air, laundry in unit, and off street parking, the highly coveted apartments offer a rare quality allowing for an amazing rental history. Low expenses & limited management allow excellent cash flow day 1!

Last Agent to Sell the Property

Greg McCarthy

Riverfront REALTORS® Listed on: 11/21/2024

Co-Listed By

Lucas Santos

Riverfront REALTORS®

Last Buyer's Agent

Dillon Liu

D&W Real Estate LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,558

Year Built

  • Built in 1920

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking

Home Design

  • Block Foundation
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,900 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Insulated Doors
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Full Bathrooms

Location

  • Property is near public transit
  • Property is near schools

Additional Features

  • Deck
  • 4,950 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $17,900
  • Assessor Parcel Number W:22 P:05292 S:000,1219991

Community Details

Recreation

  • Jogging Path

Additional Features

  • 2 Units
  • Coin Laundry
  • Net Operating Income $214,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,558

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1920
  • Levels: 3
  • Year Built Details: Actual
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Total Bedrooms: 11
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Basement: Full
  • Above Grade Finished Sq Ft: 3900
  • Living Area: 3900
  • Spa YN: No
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: NB3861
  • MAIN SO: AN7817

Exterior Features

  • Foundation Details: Concrete Perimeter, Block
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Water Source: Public
  • Hot Water: Tank

Condo/Co-op/Association

  • Community Features: Public Transportation, Walk/Jog Trails, Laundromat, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: W:22 P:05292 S:000,1219991
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4950
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 12558

Multi Family

  • Net Operating Income: 214800
  • Number Of Units Total: 2
  • Total Actual Rent: 17900
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: Y
  • LEASE 1: Y

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2024
Closed on
Jan 15, 2025
Sold by
33 Gerald Rd Llc
Bought by
Feng Xueying
Seller's Agent
Greg McCarthy
Riverfront REALTORS®
Buyer's Agent
Dillon Liu
D&W Real Estate LLC
List Price
$2,425,000
Sold Price
$2,380,000
Premium/Discount to List
-$45,000
-1.86%
Views
21
Current Estimated Value
$2,319,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$60,034
Avg. Annual Appreciation
-2.77%

Purchase Details

Closed on
Dec 30, 2021
Sold by
Mcnicholas Sally I and Mcnicholas Thomas
Bought by
33 Gerald Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 18, 1994
Sold by
Malloy Paul F
Bought by
Mcnicholas Sally I and Mcnicholass Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 1987
Sold by
Malloy Matthew J
Bought by
Malloy Paul F
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $2,380,000 None Available
Deed $2,380,000 None Available
Quit Claim Deed $1,200,000 None Available
Deed $210,000 --
Deed $210,000 --
Deed $175,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,400,000 Purchase Money Mortgage
Previous Owner $114,000 No Value Available
Previous Owner $140,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2025 01/25/25 Sold $2,380,000 -1.9% $610 / Sq Ft
11/24/2024 11/24/24 Pending -- -- --
11/21/2024 11/21/24 For Sale $2,425,000 -- $622 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,978 $1,293,400 $464,700 $828,700
2024 $12,558 $1,152,100 $388,100 $764,000
2023 $12,310 $1,146,200 $388,100 $758,100
2022 $11,655 $1,071,200 $362,700 $708,500
2021 $11,430 $1,071,200 $362,700 $708,500
2020 $11,087 $1,049,900 $338,400 $711,500
2019 $10,635 $1,009,000 $271,200 $737,800
2018 $9,794 $934,500 $271,200 $663,300
2017 $9,605 $907,000 $271,200 $635,800
2016 $8,908 $809,800 $271,200 $538,600
2015 $8,685 $717,200 $242,500 $474,700
2014 $7,694 $611,600 $242,500 $369,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73314900

MLS Property Information Network (MLS PIN)

APN: BRIG-000000-000022-005292