Meticulously maintained turnkey 4-unit brownstone in historic South End on quiet tree-lined street with excellent rental history. Owners' unit is a 2BR/1.5BA garden duplex (currently rented) with open floor plan, private deck with direct access to 2 parking spaces, gas fireplace and dedicated HVAC. Upper three units (two 2BRs, one 1BR) are presently vacant for easy showing. Building has a recent rubber roof with copper gutters and downspouts in 2019, recent gas-powered 80-gallon water heater, new A/C in each unit, new dry well under new gravel parking, new Nest security cameras and thermostats, plus many other updates throughout the property. Property is ideal for condo conversion, redesign as a single family, or with penthouse duplex or triplex, 1031 exchange or investment in Boston's strong rental market. Property is conveniently located near Boston Medical Center, Prudential, SoWa, Ink Block, restaurants, cafes, parks and shops. Easy access to I-90, I-93, Orange Line, Silver Line.
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Last Updated: March 24th, 2025 at 5:58am
Gross Income: $187,200
Gross Expenses: $32,677
Net Income Calc: $154,523
CAP Rate: 4.65%
Annual Expenses for 29 East Springfield St, Boston MA 02118
Total Gross Expenses (Calculated)$32,677/year
APOD AvailableYes
Heating$0
Electricity$963
Water$1,989
Gas$1,989
Insurance$9,155
Sewer$1,989
Trash Removal$0
Repair & Maintenance$2,370
Management$0
Miscellaneous$0
Real Estate Tax$15,571
Annual Income & Unit Breakdown for 29 East Springfield St, Boston MA 02118
Total Gross Income (Calculated)$187,200
Unit 1
Rental Income5400
LeaseY
Bedrooms2
Bathrooms1 Full, 1 Half
Floor1
Levels in Unit2
HeatingNo
Rent Includes
Unit 2
Rental Income3600
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income3400
LeaseN
Bedrooms2
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingNo
Rent Includes
Unit 4
Rental Income3200
LeaseN
Bedrooms1
Bathrooms1 Full
Floor4
Levels in Unit1
HeatingNo
Rent Includes
General Information for 29 East Springfield St, Boston MA 02118
Listing ID73339716
Property TypeMulti Family / 4 Family
Price$3,320,000 ($862.34/SqFt)
Style
CityBoston
CountySuffolk
MLS AreaSouth End
Neighborhood(s)
Approximate Living Area Total3,850 SqFt
Approximate Lot Size (Acres)0.04 acres
Total Parking2
Garage Parking
Year Built1899
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame, Brick
Lot FeaturesZero Lot Line
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor SpaceDeck
ZoningR4
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 29 East Springfield St, Boston MA 02118
Disclosures for 29 East Springfield St, Boston MA 02118
Lead Paint
UFFI
Living Area Includes BasementYes
Living Area DisclosureSmall utility room on lowest flloor and a small wa
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceOwner
Total Gross Expenses By Broker$37,239
Total Gross Income By Broker$196,800
Total Net Income By Broker$159,561
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Location Information for 29 East Springfield St, Boston MA 02118
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaSouth End
Area AmenitiesHighway Access, Shopping, Medical Facility, Public Transportation, University
Contact Information for 29 East Springfield St, Boston MA 02118