64 Stockton St Dorchester Center, MA 02124
Codman Square NeighborhoodEstimated payment $7,125/month
About This Home
Fantastic investment opportunity with strong rental returns in Dorchester! This cash cow offers over a 9% cap rate, featuring four rental units fully leased through 8/31/2025, generating $9,070 monthly plus an additional $220 from two rented garage spaces. Major updates include a new roof installed just two years ago and a newer Navien tankless hot water and heating system for efficient, low-maintenance living. Ideally located just a few minutes' walk to the Red Line, this prime location offers unbeatable access to public transportation and amenities. A perfect turn-key asset for investors seeking stable cash flow and long-term value. Property to be sold in "As-Is, As-Seen" Condition. Buyers do own due diligence. Can make a package deal with 98 Topliff St Boston.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,455
Year Built
- Built in 1920
Parking
- 2 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- 3,091 Sq Ft Home
- Stone Foundation
- Shingle Roof
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Full Bathrooms
Additional Features
- 4,866 Sq Ft Lot
- Property is near public transit
- Finished Basement
Listing and Financial Details
- Assessor Parcel Number 1316795
Community Details
Overview
- 4 Units
- Property has 1 Level
Building Details
- Electric Expense $2,400
- Insurance Expense $2,247
- Water Sewer Expense $3,000
- Operating Expense $14,869
- Net Operating Income $108,840
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 | $9,373 | $809,400 | $303,700 | $505,700 |
| 2024 | $8,357 | $766,700 | $264,200 | $502,500 |
| 2023 | $7,555 | $703,400 | $242,400 | $461,000 |
| 2022 | $7,155 | $657,600 | $226,600 | $431,000 |
| 2021 | $6,226 | $583,500 | $202,300 | $381,200 |
| 2020 | $5,551 | $525,700 | $190,700 | $335,000 |
| 2019 | $5,228 | $496,000 | $161,600 | $334,400 |
| 2018 | $4,642 | $442,900 | $161,600 | $281,300 |
| 2017 | $4,555 | $430,100 | $161,600 | $268,500 |
| 2016 | $4,421 | $401,900 | $161,600 | $240,300 |
| 2015 | $4,046 | $334,100 | $117,200 | $216,900 |
| 2014 | $3,628 | $288,400 | $117,200 | $171,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/20/2025 04/20/25 | For Sale | $1,200,000 | -- | $388 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Not Resolvable | $579,600 | -- | |
| Foreclosure Deed | $557,000 | -- | |
| Deed | $580,000 | -- | |
| Deed | $380,000 | -- | |
| Deed | $125,000 | -- | |
| Foreclosure Deed | $66,000 | -- | |
| Deed | $182,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $588,000 | Adjustable Rate Mortgage/ARM | |
| Closed | $347,760 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $464,000 | Purchase Money Mortgage | |
| Previous Owner | $116,000 | No Value Available | |
| Previous Owner | $452,000 | No Value Available | |
| Previous Owner | $113,000 | No Value Available |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73361839
APN: DORC-000000-000017-002868
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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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