$1,395,000
8
Beds
5
Baths
4,399
Living Area
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Property Description
Open House Saturday 12-1 pm. Excellent opportunity for investors or owner-occupants in the heart of Dorchester. This recently renovated 3-family property offers high rental income with the option to live in one unit while generating income from the others. The building features 8 bedrooms and 5 bathrooms across three spacious units. Unit 1 and Unit 2 include en-suite bathrooms, adding comfort and privacy for tenants or owners. Units feature central air, hardwood floors, and an in-unit washer and dryer. Currently generating approximately $112,000 in annual rental income, the property offers an attractive 8% cap rate, a rare find in the Boston multifamily market. Potential opportunity to add an ADU in the basement for additional living space or rental income (buyer to verify with the city). Conveniently located near public transportation, shopping, restaurants, and major commuter routes. Turnkey multifamily with strong cash flow.
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Highlights
- Area: Dorchester
- Heating: Central
- Parking Spots: 2
- Property Type: 3 Family - 3 Units Up/Down
- Total Rooms: 16
- Status: Active
- Cooling: Central Air
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1880
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Additional Details
- Appliances: Washer, Dryer
- Flooring: Wood
- Road Frontage Type: Public
- Total Number of Units: 3
- Year Built Source: Public Records
- Basement: Unfinished
- Foundation: Concrete Perimeter
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R3
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Amenities
- Parking Features: Paved Drive, Off Street
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Utilities
- Electric: 220 Volts
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,065,700
- Tax Year: 2025
- Total Rent: $9,350
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
- Taxes: $12,341
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Listing information provided courtesy of Coldwell Banker Realty - Canton.
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