Prime investment opportunity in Boston's coveted Mission Hill neighborhood: a turnkey 3-family property with potential for a 8.1% cap rate by 9/1/25. Perfectly positioned at the "bottom of the hill" near Tremont Street, this property includes 14 bedrooms and 6 bathrooms across three units—one 4-bed, 2-bath, and two 5-bed, 2-bath—all featuring modern kitchens, in-unit laundry, renovated bathrooms, hardwood floors, and central HVAC. Each unit has rear decks and a shared yard for added tenant enjoyment. Updated with new electrical and plumbing systems, along with low-maintenance vinyl siding, this property is easy to manage and maintain. Located a short distance from Longwood Medical Area, Orange Line at Roxbury Crossing and Green Line at Brigham Circle (both a quarter-mile away), this investment promises strong rental demand and long-term value. Don’t miss this solid income-generating property in one of Boston’s most desirable neighborhoods, close to universities and major employers.
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Last Updated: November 11th, 2024 at 6:13am
Walk/jog Trails
Highway Access
House Of Worship
Public School
Shopping
Park
Medical Facility
Laundromat
Bike Path
Public Transportation
T-station
Private School
University
General Information for 9 Carmel Street, Boston, Massachusetts 02120
Property TypeResidential Income
Property Sub TypeMulti Family
Price$3,150,000
Price per sqft$1,020.08
MLS #73310040
Handicap Access / FeaturesNo
List Date2024-11-06
Special Listing ConditionsNo
StateMassachusetts
Street NameCarmel Street
CityBoston
Zip Code02120
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 Total3088
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress9 Carmel Street, Boston MA 02120
Zoning
Interior Features for 9 Carmel Street, Boston, Massachusetts 02120
* Approx. Living Area Total3,088 sq ft
Living Area Includes BasementNo
Bedrooms13
* # Fireplaces0
Bathrooms (Total)6
Full Baths6
* # Half Baths0
* # Rooms
Basement
Heating System
AppliancesNo
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door FeaturesNo
ElectricYes
Electric$0
MLS Area (Major)Mission Hill
MLSPIN_BEDRMS_14
MLSPIN_BEDRMS_25
MLSPIN_BEDRMS_35
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_12
MLSPIN_F_BTHS_22
MLSPIN_F_BTHS_32
MLSPIN_F_BTHS_4
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_4
OffMarketDate
Exterior Features for 9 Carmel Street, Boston, Massachusetts 02120
* Approximate Lot Size0.06 acres
Covered Parking Spaces0
Lot FeaturesNo
* Parking Spaces0
* Sewer Utilities
* Water Utilities
* Year Built1905
Year Built Details
Year Built SourcePublic Records
Construction MaterialsFrame
Exterior Features
Foundation Area
Foundation MaterialsConcrete Perimeter,Stone
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)2,430 Sqft
Disclosures for 9 Carmel Street, Boston, Massachusetts 02120
Buyer Agent Compensation2
Contingency
FinancingNo
Disclosures
Documents AvailableNo
Exclusions
MLSPIN_COMP_BASED_ONGross/full Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType%
Financial Information for 9 Carmel Street, Boston, Massachusetts 02120
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data SourceOwner
Gross Income$222,600
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_31
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT15800
MLSPIN_RENT26500
MLSPIN_RENT36250
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$222,600
OperatingExpense$0
OriginalListPrice$3,150,000
RENT_FEE_INCLUDESNo
TOTAL_RENT18550
WaterSewerExpense$0
Lifestyle Information for 9 Carmel Street, Boston, Massachusetts 02120
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool FeaturesNo
Waterfront FeaturesNo
Location information for 9 Carmel Street, Boston, Massachusetts 02120
Elementary School
Middle School
High School
NumberOfUnitsTotal3
Marketing History for 9 Carmel Street, Boston, Massachusetts 02120
MLSPIN_MARKET_TIME_BROKER4
MLSPIN_MARKET_TIME_PROPERTY4
PurchaseContractDate
Agent Information for 9 Carmel Street, Boston, Massachusetts 02120