NOT LISTED FOR SALE

Estimated Value: $509,000 - $884,000

4 Beds
3 Baths
2,130 Sq Ft
$302/Sq Ft Est. Value

Last Sold April 30, 2024

Last sale price $750,000 $352 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $4,376/month

15 Days on Market

Highlights

  • Property is near public transit
  • Balcony
  • Living Room
  • 1 Fireplace
  • Porch
  • Park

About This Home

As of April 2024

Attention all INVESTORS!!! This 3-family property presents an exceptional investment opportunity in the thriving East Boston area. Its prime location is in walking distance to Logan Airport, the blue line, library and the picturesque Bremen Street Park, making it an attractive option for tenants seeking convenience and amenities. The property boasts a large fenced-in yard, adding value and appeal. Currently fully occupied with tenants-at-will (TAW), there is significant potential to increase rental income, as current rents are below market value. Additionally, each unit is separately metered, with tenants responsible for gas and electric bills. This property offers a compelling opportunity to capitalize on the strong rental market in East Boston, with great potential for increased cash flow and property appreciation.

Last Agent to Sell the Property

Kimberly Kearns-Nardone

Kearns Nardone Realty LLC Listed on: 02/29/2024

Co-Listed By

Vanessa Palmieri

Kearns Nardone Realty LLC

Last Buyer's Agent

Jhonny Guananga

Carlton's Wharf & Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,064

Year Built

  • Built in 1910

Lot Details

  • 1,500 Sq Ft Lot
  • Fenced
  • Level Lot

Home Design

  • Brick Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 2,130 Sq Ft Home
  • 1 Fireplace
  • Insulated Windows
  • Living Room
  • Basement Fills Entire Space Under The House
  • Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • Forced Air Heating System
  • 4 Heating Zones
  • Baseboard Heating
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $4,450
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number W:01 P:06420 S:000,1332633

Community Details

Overview

  • 3 Units
  • Property has 2 Levels

Recreation

  • Park

Additional Features

  • Shops
  • Net Operating Income $53,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,064

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1910
  • Buyer Agency: 2
  • Transaction Broker: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Tile, Carpet
  • Interior Amenities: Living Room, Kitchen
  • Fireplace YN: Yes
  • Fireplaces: 1
  • Appliances: Range, Refrigerator, Washer, Dryer
  • Total Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 2130
  • Spa YN: No
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: AN6617
  • LIST PRICE PER Sq Ft: 352.11
  • PRICE PER Sq Ft: 352.11
  • MAIN SO: AN2814

Exterior Features

  • Exterior Features: Balcony/Deck
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed
  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Rubber
  • Waterfront Features: Beach Front, Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard, Forced Air
  • Cooling Y N: No
  • Electric: 220 Volts
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 4
  • COOLING ZONES: 0
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Highway Access, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: W:01 P:06420 S:000,1332633
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.03
  • Lot Size Area: 0.03
  • Lot Size Sq Ft: 1500
  • Lot Size Units: Acres
  • PAGE: 332
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7064
  • Tax Book Number: 52151

Multi Family

  • Gross Income: 53400
  • Net Operating Income: 53400
  • Number Of Units Total: 3
  • Total Actual Rent: 4450
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2025
Sold by
34 Morris St Llc
Bought by
Papyan Anahit
Current Estimated Value
$653,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,050
Outstanding Balance
$443,668
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$196,665

Purchase Details

Closed on
Dec 13, 2024
Sold by
34 Morris Street Llc
Bought by
Alper Ekin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,301
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 6, 2024
Sold by
34 Morris Street Llc
Bought by
Pacheco Alzate-Fernandez A and Pacheco Milaidy D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,301
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 6, 2015
Sold by
Ally Carly R
Bought by
Morris Street Llc

Purchase Details

Listed on
Jul 11, 2013
Closed on
Sep 24, 2013
Sold by
Pb and Pb J T
Bought by
Ally Carly R
Seller's Agent
James Zarrella
Coldwell Banker Realty - Boston
Buyer's Agent
Craig Bennett
Compass
List Price
$350,000
Sold Price
$362,500
Premium/Discount to List
$12,500
3.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.91%
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Papyan Anahit $519,000 None Available
Papyan Anahit $519,000 None Available
Alper Ekin $519,253 None Available
Alper Ekin $519,253 None Available
Alper Ekin $519,253 None Available
Pacheco Alzate-Fernandez A $550,000 None Available
Pacheco Alzate-Fernandez A $550,000 None Available
Pacheco Alzate-Fernandez A $550,000 None Available
Morris Street Llc -- --
Morris Street Llc -- --
Morris Street Llc -- --
Ally Carly R $362,500 --
Ally Carly R $362,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Papyan Anahit $444,050
Closed Papyan Anahit $444,050
Closed Papyan Anahit $30,000
Previous Owner Alper Ekin $467,301
Previous Owner Pacheco Alzate-Fernandez A $491,000
Previous Owner 34 Morris Street Llc $1,141,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2024 04/30/24 Sold $750,000 0.0% $352 / Sq Ft
03/16/2024 03/16/24 Pending -- -- --
03/14/2024 03/14/24 For Sale $750,000 0.0% $352 / Sq Ft
03/01/2024 03/01/24 Pending -- -- --
02/29/2024 02/29/24 For Sale $750,000 +106.9% $352 / Sq Ft
09/24/2013 09/24/13 Sold $362,500 +3.6% $170 / Sq Ft
08/25/2013 08/25/13 Pending -- -- --
07/11/2013 07/11/13 For Sale $350,000 -- $164 / 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 $9,594 $828,500 $210,400 $618,100
2024 $8,032 $736,900 $230,700 $506,200
2023 $7,064 $657,700 $205,900 $451,800
2022 $6,948 $638,600 $199,900 $438,700
2021 $6,814 $638,600 $199,900 $438,700
2020 $5,293 $501,200 $219,900 $281,300
2019 $4,718 $447,600 $136,100 $311,500
2018 $4,187 $399,500 $136,100 $263,400
2017 $3,777 $356,700 $136,100 $220,600
2016 $3,412 $310,200 $136,100 $174,100
2015 $3,762 $310,680 $125,160 $185,520
2014 -- $225,100 $104,300 $120,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73206805

MLS Property Information Network (MLS PIN)

APN: EBOS-000000-000001-006420