Don’t miss this rare opportunity to own a gut-renovated four-family investment property in Boston’s coveted South End. This historic brick row house features four never-lived-in units, offering the potential to achieve superior rents. The building includes two 2-bed/1-bath apartments, one 2-bed/2-bath apartment, and a massive 3 bed/2.5-bath penthouse duplex, with an additional loft level. Extensive renovations, featuring brand new utilities and mechanical systems, provide investors with the assurance that their property is well-equipped for long-term success. Private outdoor space, in-unit laundry, and central heating and cooling make this property stand out among comparable rental options. An easy condo-conversion alternative also provides investors with the option to sell as condos in the future. Ideally located near universities, public transportation, and the city’s best amenities, 577 Mass Ave is truly a prime investment opportunity.
A three-unit multifamily home in Roxbury. This property must have all three units rented under the BPDA/BRA Inclusionary Development Policy (IDP). The units cannot be owner-occupied, and renters must be approved through a BPDA lottery conducted after the sale of the building. Unit 1 is a two-bedroom unit that can be rented at 80% AMI, with a current maximum rent of $2,033. Unit 2 is a three-bedroom unit eligible for rental at 60% AMI, with a current maximum rent of $1,678, and is currently rented at $1,600 per month. Unit 3 is a three-bedroom unit that can be rented at 80% AMI, with a current maximum rent of $2,280. The property is listed below market value, and rental restrictions are in effect until July 31, 2038.
Open House:
Saturday, 11/9 12:00-2:00PM
Fantastic Four Unit Brick “Brownstone” Opportunity in Boston’s Historic South End! This building retains period charm with original marble mantles, a high “parlor level” ceiling, and original molding details. There is laundry and working fireplaces in every unit, all units have private outdoor space including a private roof deck with city views, back decks, and a large back yard. This building was fully leased just prior to coming to market, with an outstanding, long term rental history. This offering presents the opportunity for a condo or single family conversion, owner occupancy, or value add updates to maintain this generational rental asset. Amazing location on quiet, tree lined Milford St. in the highly desirable “8 Streets” neighborhood, yet still right in the Heart of the Vibrant South End. A short distance to all that Downtown Boston has to offer. Do not miss this exceptional opportunity in one of the nation’s outstanding neighborhoods and sought after real estate markets!
523 Columbus Avenue represents the opportunity to acquire an extremely rare brownstone asset in Boston’s highly coveted South End neighborhood. The property consists of 7 condominium units that feature stately finishes such as hardwood floors, high ceilings, original fireplaces, custom woodwork, and superior window lines with city views. The units range from studio through two bedroom units, and the asset improved by two private off-street parking spaces in the rear of the building. Although currently operating as a multifamily rental building, all 7 units at 523 Columbus are individually deeded as condominiums, allowing investors or owner occupiers the benefit of optionality. Additionally, 523 Columbus offers a value-add business plan through common area upgrades and light in unit renovations.
The median home value in Boston, MA is $656,500. This is higher than the county median home value of $637,000. The national median home value is $338,100. The average price of homes sold in Boston, MA is $656,500. Approximately 31.48% of Boston homes are owned, compared to 59.04% rented, while 9.48% are vacant. Boston real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Boston real estate agent to arrange a tour today!
Boston, Massachusetts 02118 has a population of 672,814. Boston 02118 is less family-centric than the surrounding county with 20.53% of the households containing married families with children. The county average for households married with children is 23.74%.
The median household income in Boston, Massachusetts 02118 is $81,744. The median household income for the surrounding county is $80,260 compared to the national median of $69,021. The median age of people living in Boston 02118 is 32.6 years.
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 19.2 degrees. The average rainfall is approximately 47.4 inches per year, with 48.1 inches of snow per year.