$1,625,000
8
Beds
3
Baths
2,262
Living Area
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Property Description
16 Mitchell Street presents a rare opportunity to acquire a value-add asset in South Boston’s rapidly evolving Andrew Square corridor, a market with limited entry opportunities. Located just moments from the transformative Washington Village development, the property stands to benefit from one of the area’s most significant redevelopment projects, bringing new residential housing, retail, public spaces, and infrastructure improvements to the neighborhood. The building features renovated, bright living spaces with thoughtful updates and strong rental appeal. While the units are move-in ready, the property still offers meaningful upside for investors or owner-occupants. Slight adjustments such as adding central-air, creates the potential to increase rental income and overall asset value. There is also the possibility to expand into the basement, offering a path to capture additional square footage and enhance long-term value.
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Highlights
- Area: South Boston's Dorchester Heights
- Property Class: Residential Income
- Stories: 3
- Year Built: 1905
- Levels: 3
- Property Type: 3 Family
- Total Rooms: 11
- Status: Closed
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Additional Details
- Basement: Full
- Flooring: Wood
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: R3
- Construction: Frame
- Foundation: Block
- Total Number of Units: 3
- Year Built Source: Public Records
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,286,600
- Taxes: $14,899
- Tax Year: 2025
- Total Rent: $12,200
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