$2,850,000
SOLD MAY 6, 2025
15 Beds
8 Baths
5,312 Sq Ft
5,760 Sq Ft Lot

Recently Sold

$537 Per Sq Ft

7% Below List Price

6 Days on Market

Highlights

  • Wood Flooring
  • Patio
  • Forced Air Heating and Cooling System
  • Porch
  • Living Room
  • 3-minute walk to Parkman Playground

About This Home

As of May 2025

The Wenham Street Multifamily comprises (1) three bedroom / two bathroom & (3) four bedroom / two bathroom units. Tenants are responsible for their electric and gas, and water/sewer is newly submetered for rebilling on future leases. The Wenham Street Multifamily has undergone a complete renovation and is a turnkey/new construction property. The Wenham Street Multifamily boasts condo quality finishes, an in-unit laundry, and outdoor space. It is near numerous shops, restaurants, and public transit.The Wenham Street Multifamily provides an investor the opportunity to acquire a turn-key property with the ability to raise rents to market levels and potentially convert the fourth floor unit from a three bedroom to a four bedroom unit, adding to potential market upside.Pro Forma Income $232,800 Pro Forma Expenses $36,474 Pro Forma NOI $193,205 Pro Forma Cap Rate 6.28%

Last Agent to Sell the Property

Tim McGeary

Northeast Private Client Group, LLC Listed on: 04/03/2025

Co-Listed By

Richard Welch

Northeast Private Client Group, LLC

Last Buyer's Agent

Tim McGeary

Northeast Private Client Group, LLC Listed on: 04/03/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,600

Year Built

  • Built in 1900

Lot Details

  • 5,760 Sq Ft Lot
  • Sprinkler System

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 5,312 Sq Ft Home
  • Insulated Windows
  • Living Room
  • Dining Room
  • Wood Flooring
  • Attic Ventilator

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 8 Full Bathrooms

Parking

  • On-Street Parking
  • Open Parking

Outdoor Features

  • Patio
  • Rain Gutters
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • 4 Cooling Zones
  • 4 Heating Zones
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $18,045
  • Assessor Parcel Number 1353994

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Building Details

  • Operating Expense $39,959
  • Net Operating Income $173,868

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,600

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1900
  • Levels: 10
  • Year Built Details: Approximate
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 10

Interior Features

  • Flooring: Hardwood
  • Interior Amenities: Living Room, Kitchen, Laundry Room, Dining Room
  • Fireplace YN: No
  • Total Bedrooms: 15
  • Full Bathrooms: 8
  • Total Bathrooms: 8
  • Total Bathrooms: 8
  • Above Grade Finished Sq Ft: 5312
  • Living Area: 5312
  • Spa YN: No
  • Stories Total: 10
  • Window Features: Insulated Windows
  • MAIN LO: AN8574
  • LIST PRICE PER Sq Ft: 578.88
  • PRICE PER Sq Ft: 536.52
  • MAIN SO: AN8574

Exterior Features

  • Exterior Features: Rain Gutters, Sprinkler System
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Patio
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public, Individual Meter
  • HEAT UNITS: 4
  • HEAT ZONES: 4
  • COOLING ZONES: 4

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Senior Community YN: No

Lot Info

  • Parcel Number: 1353994
  • Zoning: 0
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5760
  • Lot Size Units: Acres
  • PAGE: 0
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Attic Vent Elec.

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 19599.93
  • Tax Book Number: 0

Multi Family

  • Gross Income: 216540
  • Net Operating Income: 173868
  • Number Of Units Total: 4
  • Operating Expense: 39959
  • Total Actual Rent: 18045
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • COOLING UNITS: 4
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 4
  • FLRS 3: 3
  • FLRS 2: 2

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Range of Values:

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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
05/06/2025 05/06/25 Sold $2,850,000 -7.3% $537 / Sq Ft
04/09/2025 04/09/25 Pending -- -- --
04/03/2025 04/03/25 For Sale $3,075,000 0.0% $579 / Sq Ft
10/08/2024 10/08/24 Off Market $4,745 -- --
09/01/2024 09/01/24 For Rent $4,745 0.0% --
01/28/2020 01/28/20 Sold $919,000 -8.1% $235 / Sq Ft
04/16/2019 04/16/19 Pending -- -- --
04/10/2019 04/10/19 For Sale $999,999 -- $255 / Sq Ft
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: 73354533

MLS Property Information Network (MLS PIN)