47A N Margin St Boston, MA 02113
North End NeighborhoodEstimated payment $20,192/month
Highlights
- 0.04 Acre Lot
- 4-minute walk to North Station
- Shops
- Property is near public transit and schools
- Park
- 2-minute walk to DeFilippo Playground
About This Home
Introducing 47A North Margin St, a rare investment opportunity on a quiet residential street in Boston’s North End. This 4-story, 6,850 sq ft multifamily property features 7 units: six 1-bed/1-bath units and one 2-bed/1-bath unit.All 1-bedroom units are leased through August 31, 2026, providing stable income. The 2-bedroom unit is vacant, offering immediate upside through lease-up or repositioning. Rents are well below market, creating strong value-add potential in “as-is” condition.The property generates $171,000 in gross income with $29,806 in expenses, resulting in a $141,194 Net Operating Income (NOI).A rare chance to enhance cash flow, add value, or hold a prime asset in a highly sought-after neighborhood. Rent roll available upon request.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,056
Year Built
- Built in 1920
Home Design
- Brick Exterior Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 5,480 Sq Ft Home
- Property has 1 Level
- Basement
Bedrooms and Bathrooms
- 8 Bedrooms
- 7 Full Bathrooms
Parking
- On-Street Parking
- Open Parking
Schools
- Eliot Elementary And Middle School
Additional Features
- 1,695 Sq Ft Lot
- Property is near public transit and schools
Listing and Financial Details
- Assessor Parcel Number 0301305000,3365038
Community Details
Overview
- 7 Units
Amenities
- Shops
- Coin Laundry
Recreation
- Park
Building Details
- Electric Expense $2,350
- Insurance Expense $7,500
- Water Sewer Expense $4,900
- Operating Expense $29,806
- Net Operating Income $141,194
Map
Home Values in the Area
Average Home Value in this Area
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 | $15,056 | $1,300,200 | $326,100 | $974,100 |
| 2024 | $14,436 | $1,324,400 | $326,100 | $998,300 |
| 2023 | $14,852 | $1,382,900 | $326,100 | $1,056,800 |
| 2022 | $14,610 | $1,342,800 | $326,100 | $1,016,700 |
| 2021 | $14,308 | $1,341,000 | $320,900 | $1,020,100 |
| 2020 | $13,669 | $1,294,400 | $320,900 | $973,500 |
| 2019 | $13,439 | $1,275,000 | $320,800 | $954,200 |
| 2018 | $12,843 | $1,225,500 | $308,500 | $917,000 |
| 2017 | $12,586 | $1,188,500 | $294,400 | $894,100 |
| 2016 | $12,337 | $1,121,500 | $273,200 | $848,300 |
| 2015 | $12,177 | $1,005,500 | $243,300 | $762,200 |
| 2014 | $10,951 | $870,500 | $211,500 | $659,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/25/2026 03/25/26 | For Sale | $3,600,000 | -- | $657 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73491674
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