64 Stockton St Dorchester Center, MA 02124
Codman Square NeighborhoodEstimated payment $7,181/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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