Rarely available, fully occupied, semi-attached, turnkey six-family with three sides of exposure! This spacious 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 duplex, 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 - only 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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Last Updated: October 7th, 2024 at 9:53pm
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General Information for 493-495 E 7th St, Boston, Massachusetts 02127
Property TypeResidential Income
Property Sub TypeMulti Family
Price$3,000,000
Price per sqft$529.29
MLS #73094948
Handicap Access / FeaturesNo
List Date2023-04-04
Special Listing ConditionsNo
StateMassachusetts
Street NameE 7th St
CityBoston
Zip Code02127
CountySuffolk
MLS Status
Covered Parking Spaces0
Heating Y/NNo
Heating System
Heat Zones
Sold Date
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total5668
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress493-495 E 7th St, Boston MA 02127
Zoning
Interior Features for 493-495 E 7th St, Boston, Massachusetts 02127
* Approx. Living Area Total5,668 sq ft
Living Area Includes BasementYes
Bedrooms9
* # Fireplaces0
Bathrooms (Total)8
Full Baths8
* # Half Baths0
* # Rooms
Basement
Heating System
AppliancesNo
Electric
Living Area Disclosure
Living Area Includes BasementYes
Door FeaturesNo
ElectricYes
Electric$0
MLS Area (Major)South Boston
MLSPIN_BEDRMS_13
MLSPIN_BEDRMS_21
MLSPIN_BEDRMS_31
MLSPIN_BEDRMS_42
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_12
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_31
MLSPIN_F_BTHS_42
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_40
OffMarketDate
Exterior Features for 493-495 E 7th St, Boston, Massachusetts 02127
* Approximate Lot Size0.08 acres
Covered Parking Spaces0
Lot FeaturesCorner Lot
* Parking Spaces0
* Sewer Utilities
* Water Utilities
* Year Built1905
Year Built Details
Year Built SourcePublic Records
Construction MaterialsFrame
Exterior Features
Foundation Area
Foundation MaterialsBrick/Mortar
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)3,484 Sqft
Disclosures for 493-495 E 7th St, Boston, Massachusetts 02127
Buyer Agent Compensation2.5
Contingency
FinancingNo
Disclosures
Documents AvailableNo
Exclusions
MLSPIN_COMP_BASED_ONNet Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREY
Lead PaintUnknown
Living Area Disclosure
Living Area Includes BasementYes
Facilitator Compensation0
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 493-495 E 7th St, Boston, Massachusetts 02127
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data SourceNo
Gross Income$202,200
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_12
MLSPIN_LEVELS_21
MLSPIN_LEVELS_31
MLSPIN_LEVELS_42
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT13300
MLSPIN_RENT22400
MLSPIN_RENT32300
MLSPIN_RENT43600
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$160,000
OperatingExpense$0
OriginalListPrice$2,950,000
RENT_FEE_INCLUDESNo
TOTAL_RENT11600
WaterSewerExpense$0
Lifestyle Information for 493-495 E 7th St, Boston, Massachusetts 02127
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool FeaturesNo
Waterfront Features0 To 1/10 Mile To Beach, Beach Front, Beach Ownership(public)
Location information for 493-495 E 7th St, Boston, Massachusetts 02127
Elementary School
Middle School
High School
NumberOfUnitsTotal6
Marketing History for 493-495 E 7th St, Boston, Massachusetts 02127
MLSPIN_MARKET_TIME_BROKER504
MLSPIN_MARKET_TIME_PROPERTY504
PurchaseContractDate
Agent Information for 493-495 E 7th St, Boston, Massachusetts 02127