$499,000

Estimated payment $3,038/month

Total Views 106,952
6 Beds
3 Baths
2,417 Sq Ft
$206 Price per Sq Ft

Highlights

  • Very Popular Property
  • Wood Flooring
  • Coin Laundry
  • Property is near public transit
  • Shops
  • 4-minute walk to Loretta Bourque Park

About This Home

Attention investors! This rare 3-unit multifamily offers significant upside potential in a desirable location near the Cove. Each unit features 2 bedrooms and 1 bathroom with separate gas and electric meters, giving tenants independence while simplifying ownership. Currently occupied by long-term tenants-at-will.The property is generating stable income with undermarket rents, allowing for immediate value-add through strategic rent adjustments.The building has deferred maintenance, which creates the perfect chance to Renovate, Rebrand, and Reposition for maximum returns. Situated on a quiet street with easy access to the Covewalk and hurricane barriers, this property also benefits from proximity to public transportation, restaurants, banks, and everyday conveniences—a highly attractive location for current and future renters.

Listing Agent

Patricia Mcardle

Bold Real Estate Inc. Listed on: 08/20/2025

Co-Listing Agent

Heather Macedo

Bold Real Estate Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,698

Year Built

  • Built in 1896

Lot Details

  • 3,202 Sq Ft Lot
  • Fenced
  • Cleared Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,417 Sq Ft Home
  • Property has 1 Level

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Parking Spaces
  • Paved Parking
  • Open Parking

Additional Features

  • Property is near public transit
  • 3 Heating Zones

Listing and Financial Details

  • Tax Lot 74
  • Assessor Parcel Number M:0016 L:0074,2884739

Community Details

Amenities

  • Shops
  • Coin Laundry

Additional Features

  • 3 Units
  • Net Operating Income $30,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,698

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1896
  • Levels: 3
  • Year Built Details: Approximate
  • Year Round: Yes
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Wood, Carpet, Laminate
  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Above Grade Finished Sq Ft: 2417
  • Living Area: 2417
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN5489
  • LIST PRICE PER Sq Ft: 206.45
  • PRICE PER Sq Ft: 206.45

Exterior Features

  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: 1/2 to 1 Mile To Beach
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Laundromat, Highway Access, House of Worship
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:0016 L:0074,2884739
  • Zoning: RC
  • Farm Land Area Units: Square Feet
  • Lot Features: Cleared
  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 3202
  • Lot Size Units: Acres
  • PAGE: 55

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 4698
  • Tax Book Number: 12750
  • Tax Lot: 74
  • Tax Map Number: 16

Multi Family

  • Gross Income: 30720
  • Net Operating Income: 30720
  • Number Of Units Total: 3
  • Total Actual Rent: 2560
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $4,698 $415,400 $77,000 $338,400
2024 $4,190 $349,200 $72,200 $277,000
2023 $3,785 $264,900 $61,600 $203,300
2022 $3,368 $216,700 $56,100 $160,600
2021 $3,293 $211,200 $56,100 $155,100
2020 $3,219 $199,200 $52,900 $146,300
2019 $2,798 $169,900 $52,900 $117,000
2018 $2,669 $160,500 $52,900 $107,600
2017 $2,480 $148,600 $52,900 $95,700
2016 $2,391 $145,000 $54,500 $90,500
2015 $2,259 $143,600 $56,100 $87,500
2014 $2,177 $143,600 $56,100 $87,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/20/2025 08/20/25 For Sale $499,000 +305.7% $206 / Sq Ft
03/29/2019 03/29/19 Sold $123,000 0.0% $49 / Sq Ft View Prior Sale
03/05/2019 03/05/19 Pending -- -- --
02/25/2019 02/25/19 Off Market $123,000 -- --
01/25/2019 01/25/19 For Sale $149,900 -- $59 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $123,000 --
Quit Claim Deed $123,000 --
Foreclosure Deed $8,000 --
Foreclosure Deed $8,000 --
Deed $95,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $116,850 New Conventional
Closed $116,850 New Conventional
Previous Owner $15,000 No Value Available
Previous Owner $80,000 Purchase Money Mortgage
Source: Public Records

About the Listing Agent

Patricia Mcardle

Bold Real Estate Inc.

(508) 593-8896

Section Image

Patricia has been a licensed attorney involved in real estate for over 20 years. She is experienced in residential and commercial real estate transactions, zoning hearing and opinions, real estate investments and developments, and solving difficult title issues. She is a devout believer in the power of real estate to create wealth and opportunities for everyone, IF, they are guided by educated and experienced professionals. With the on-set of more and more ‘internet companies”, she has seen

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73420551

MLS Property Information Network (MLS PIN)

APN: NEWB-000016-000000-000074