Rarely available

Fully occupied, semi-attached, turnkey six-family with three sides of exposure! This roomy multi-family offers 4 one bedroom, one bathroom units occupying the second and third floors, as well as a first and garden level two bedroom, two bathroom duplx and a three bedroom, two bathroom first and garden level duplex. Current rents are well below market value and easy to increase with little to no capital improvements, making $200, 000+ gross rent per year achievable.

Set in an ideal South Boston location - two blocks to the beach, four blocks to bustling E. Broadway where there is something for everyone - restaurants, coffee shops, bars and grocery store. Close to major bus lines and public transit - this is an investor's dream, attracting a steady stream of quality tenants in a red hot rental market. Brand new back decks and 2nd means of egress!

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on 493-495 E 7th St
in Boston, MA
Presented by The Maguire Group at
COMPASS.


Property MLS #73094948 from MLSPIN

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 9

+ Other Rooms

Total Rooms: 21
Basement Description: Full, Partially Finished, Walk-Out Access

+ Bathrooms

Total Bathrooms: 8
Full Bathrooms: 8

+ Interior Features

Flooring: Tile, Hardwood, Parquet
Window Features: Insulated Windows, Screens

+ Exterior and Lot Features

Rain Gutters
Patio And Porch Features: Deck - Wood, Patio
Road Frontage Type: Public

+ Waterfront and Water Access

Beach Front
0 to 1/10 Mile To Beach
Beach Ownership(Public)

+ Land Info

Lot Description: Corner Lot
Lot Size Acres: 0.0799816
Lot Size Square Feet: 3484

+ Garage and Parking

Open Parking: Yes
Parking Features: On Street

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Rental Info

Gross Income: 202200

+ Multi-Unit Info

Number of Units: 6

+ Other Property Info

Annual Tax Amount: 20872
City Region: South Boston
Source Listing Status: Active
County: Suffolk
Directions: Corner of Springer St and East 7th St
Tax Year: 2023
Source Property Type: Residential Income
Postal Code Plus 4: 4151
Zoning: R3
Property Subtype: 5-9 Family
Source System Name: C2C
+ Reveal Property Sale History

Price Changed 2023-05-17
$3,000,000
MLSPIN

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Listed 2023-04-05
$2,950,000
MLSPIN

+ Commercial Info

Net Operating Income: 160000

+ Utilities

Electric: Circuit Breakers
Sewer: Public Sewer
Water Source: Public

+ Building and Construction

Year Built: 1905
Building Area Total: 5668
Building Area Units: Square Feet
Construction Materials: Frame
Foundation Details: Brick/Mortar
Property Age: 119
Roof: Rubber
Levels or Stories: 9
Year Built Details: Approximate, Renovated Since
Year Built Source: Public Records

+ Display Complete School Details

Gate of Heaven Elementary School is a private elementary and middle school located approximately 0.2 miles away.
Map directions

Joseph P. Tynan Elementary School is a public elementary school located approximately 0.2 miles away.
Map directions

Boston Green Academy Horace Mann Charter School is a public middle and high school located approximately 0.2 miles away.
Map directions