NOT LISTED FOR SALE

400 Hanover St Boston, MA 02113

North End Neighborhood
8 Beds
10 Baths
5,500 Sq Ft
1,307 Sq Ft Lot

Last Sold December 16, 2021

Last sale price $4,750,000 $864 Per Sq Ft

2 Days on Market

About This Home

As of December 2021

Location Location! Great investment opportunity on the corner of Hanover Street! Building consists of 8 residential (1) bedroom (1) bathroom units and (2) street level commercial suites. All units are renovated including hardwood flooring, stainless appliances, newer cabinets, granite counters, gas ranges and more. Annual Income producing 255K per year & building has been well maintained throughout the years & requires little to no work! Heart of the North End on the famous Hanover Street surrounded by restaurants, parks, bakery's and more! Upper floor units have AMAZING views of the City. PREAPPROVAL/PROOF OF FUNDS REQUIRED FOR ALL SHOWINGS.

Last Agent to Sell the Property

Marissa Pelissier

Camdan Realty LLC Listed on: 10/19/2021

Last Buyer's Agent

Antonia Monarski

Coldwell Banker Realty - Boston

Coldwell Banker Realty - Boston

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 1,307

Interior Spaces

  • Property has 1 Level

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • Directions: Commercial Street to Hanover Street. Use GPS
  • Garage Yn: No
  • Year Built Details: Actual
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Appliances: Tank Water Heater, Utility Connections for Gas Range
  • Has Basement: Full, Unfinished
  • MAIN LO: AN2584
  • MAIN SO: AN6181
  • Full Bathrooms: 8
  • Half Bathrooms: 2
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Wood,Tile
  • Interior Amenities: Other (See Remarks)
  • Stories: 12

Exterior Features

  • Roof: Rubber
  • Foundation Details: Other
  • Construction Type: Brick
  • Disclosures: Agent Related To Seller. 24 Hour Noticed Required For All Showings. Building 100% Occupied Re Taxes Based On 396-398 Hanover & 400-404 Hanover. Assessors Has Listed As Two Buildings. Buyers To Do Due Diligence. 396 Commercial Tenant Pays 30% Of R.E Tax Bill & Water For That Half Of The Building.
  • Lot Features: Corner Lot
  • Waterfront: No

Garage/Parking

  • Parking Features: On Street
  • Open Parking: Yes

Utilities

  • Cooling: None
  • Heating: Electric
  • Cooling Y N: No
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, T-Station, University

Fee Information

  • Annual Water Sewer Expense: 2400

Lot Info

  • LOT SIZE: 1500
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 1306.8
  • Zoning: RES

Multi Family

  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3
  • Electric Expense: 2400
  • Annual Gross Income: 255000
  • Insurance Expense: 9000
  • Property Net Operating Income: 239900
  • Number Of Units Total: 10
  • Annual Operating Expense: 15100
  • Total Actual Rent: 21250

Tax Info

  • Tax Annual Amount: 27000
  • Tax Book Number: 0
  • Tax Year: 2022

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2021 12/16/21 Sold $4,750,000 -2.1% $864 / Sq Ft
10/22/2021 10/22/21 Pending -- -- --
10/19/2021 10/19/21 For Sale $4,850,000 -- $882 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Marissa Pelissier

    Camdan Realty LLC

    (617) 367-0900

    4 in this area

    16 Total Sales

    Marissa Pelissier
    Section Image
  • Antonia Monarski

    Buyer's Agent in 2021

    Antonia Monarski

    Coldwell Banker Realty - Boston

    (617) 905-4588

    19 in this area

    25 Total Sales

    Antonia Monarski
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72910044

MLS Property Information Network (MLS PIN)
Massachusetts Suffolk County Boston 02109 North End

400 Hanover St, Boston, MA

Not Listed for Sale

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