493 E 7th St Boston, MA 02127
South Boston NeighborhoodEstimated payment $18,371/month
Total Views
27,567
9
Beds
8
Baths
5,668
Sq Ft
$529
Price per Sq Ft
Highlights
- Waterfront
- Deck
- Corner Lot
- 0.08 Acre Lot
- Wood Flooring
- Patio
About This Home
Rarely available, fully occupied, semi-attached, turnkey six-family with three sides of exposure! This spacious multi-family offers 4 one bedroom, one bathroom units occupying the second and third floors, as well as a first and garden level two bedroom, two bathroom duplex, and a three bedroom, two bathroom first and garden level duplex. Current rents are well below market value and easy to increase with little to no capital improvements, making $200,000+ gross rent per year achievable. Set in an ideal South Boston location - only two blocks to the beach, four blocks to bustling E. Broadway where there is something for everyone - restaurants, coffee shops, bars and grocery store. Close to major bus lines and public transit - this is an investor's dream, attracting a steady stream of quality tenants in a red hot rental market. Brand new back decks and 2nd means of egress!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,872
Year Built
- Built in 1905
Lot Details
- 3,484 Sq Ft Lot
- Waterfront
- Corner Lot
Home Design
- Brick Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 5,668 Sq Ft Home
- Insulated Windows
- Window Screens
Flooring
- Wood
- Parquet
- Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- 8 Full Bathrooms
Partially Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- On-Street Parking
- Open Parking
Outdoor Features
- Deck
- Patio
- Rain Gutters
Community Details
Overview
- 6 Units
- Property has 2 Levels
Building Details
- Net Operating Income $160,000
Map
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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 | $11,483 | $991,600 | $334,500 | $657,100 |
| 2024 | $11,361 | $1,042,300 | $255,100 | $787,200 |
| 2023 | $10,561 | $983,300 | $240,700 | $742,600 |
| 2022 | $9,726 | $893,900 | $218,800 | $675,100 |
| 2021 | $9,538 | $893,900 | $218,800 | $675,100 |
| 2020 | $8,840 | $837,100 | $208,000 | $629,100 |
| 2019 | $8,406 | $797,500 | $156,300 | $641,200 |
| 2018 | $7,963 | $759,800 | $156,300 | $603,500 |
| 2017 | $7,660 | $723,300 | $156,300 | $567,000 |
| 2016 | $6,919 | $629,000 | $156,300 | $472,700 |
| 2015 | $6,367 | $525,800 | $139,700 | $386,100 |
| 2014 | $5,626 | $447,200 | $139,700 | $307,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/17/2023 05/17/23 | Price Changed | $3,000,000 | +1.7% | $529 / Sq Ft |
| 04/04/2023 04/04/23 | For Sale | $2,950,000 | -- | $520 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,032,426 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73094948
APN: SBOS-000000-000007-001967
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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