NOT LISTED FOR SALE
29 Beds
16 Baths
14,088 Sq Ft
6,020 Sq Ft Lot

Last Sold May 16, 2024

Last sale price $4,950,000 $351 Per Sq Ft

78 Days on Market

Highlights

  • Golf Course Community
  • Property is near public transit
  • Shops
  • Medical Services
  • Park
  • 1-minute walk to Rainbow Playground

About This Home

As of May 2024

This is a great deal. Number work now....numbers will work even better after 2024-2025 renewals are complete! Investors take note of this rarely available freestanding brick building boasting 13 residential units and over 14,000 sq/ft in Jamaica Plain. There is (1) studio residence, (4) one-bedroom units, (3) two-bedroom units, (1) three-bedroom and (4) four-bedroom residences. All units are updated with hardwood floors, gas cooking and heating, crown moldings, granite countertops, tile baths, in-building laundry and more. The building is located in the Parkside neighborhood of Jamaica Plain and is poised to make its next owner excellent rents for many, many years to come. Financials available upon request. 100% occupied. Enjoy the many benefits of owning investment property. Call today and lets talk real estate.

Last Agent to Sell the Property

The Residential Group

William Raveis R.E. & Home Services Listed on: 01/10/2024

William Raveis R.E. & Home Services

Last Buyer's Agent

The Residential Group

William Raveis R.E. & Home Services Listed on: 01/10/2024

William Raveis R.E. & Home Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,225

Year Built

  • Built in 1930

Lot Details

  • 6,020 Sq Ft Lot
  • Near Conservation Area

Home Design

  • 14,088 Sq Ft Home

Bedrooms and Bathrooms

  • 29 Bedrooms

Location

  • Property is near public transit
  • Property is near schools

Listing and Financial Details

  • Total Actual Rent $11,495
  • Assessor Parcel Number W:11 P:01514 S:000,3399845

Community Details

Overview

  • 13 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Recreation

  • Golf Course Community
  • Park
  • Bike Trail

Building Details

  • Operating Expense $71,698
  • Net Operating Income $342,122

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,225

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1930
  • Buyer Agency: 2.0
  • Transaction Broker: 2.0
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Varies
  • Fireplace YN: No
  • Total Bedrooms: 29
  • Full Bathrooms: 13
  • Half Bathrooms: 3
  • Total Bathrooms: 16
  • Total Bathrooms: 14.5
  • Living Area: 14088
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: M59500
  • LIST PRICE PER Sq Ft: 354.91
  • PRICE PER Sq Ft: 351.36
  • MAIN SO: M59500

Exterior Features

  • Foundation Details: Other
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Golf, Medical Facility, Bike Path, Conservation Area, House of Worship, Private School, Public School, T-Station
  • Senior Community YN: No

Lot Info

  • Parcel Number: W:11 P:01514 S:000,3399845
  • Zoning: 2F-4000
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6020
  • Lot Size Units: Acres
  • PAGE: 197
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 24224.52
  • Tax Book Number: 18046

Multi Family

  • Gross Income: 413820
  • Net Operating Income: 342122
  • Number Of Units Total: 13
  • Operating Expense: 71698
  • Total Actual Rent: 11495
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 3
  • FLRS 4: 1
  • FLRS 3: 1
  • FLRS 2: 1

Range of Values:

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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 Change Sq Ft Price
05/16/2024 05/16/24 Sold $4,950,000 -1.0% $351 / Sq Ft
03/29/2024 03/29/24 Pending -- -- --
03/07/2024 03/07/24 Price Changed $4,999,999 -2.0% $355 / Sq Ft
01/18/2024 01/18/24 Price Changed $5,100,000 -2.9% $362 / Sq Ft
01/10/2024 01/10/24 For Sale $5,250,000 0.0% $373 / Sq Ft
10/15/2015 10/15/15 Rented $2,400 0.0% --
10/07/2015 10/07/15 Price Changed $2,400 -7.7% $2 / Sq Ft
09/09/2015 09/09/15 Price Changed $2,600 -20.0% $2 / Sq Ft
01/26/2015 01/26/15 For Rent $3,250 +16.1% --
09/01/2014 09/01/14 Rented $2,800 -3.4% --
08/02/2014 08/02/14 Under Contract -- -- --
03/09/2014 03/09/14 For Rent $2,900 +38.1% --
08/23/2013 08/23/13 Rented $2,100 0.0% --
07/24/2013 07/24/13 Under Contract -- -- --
07/18/2013 07/18/13 For Rent $2,100 -- --
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73192193

MLS Property Information Network (MLS PIN)