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$2,850,000
15
Beds
8
Baths
5,312
Living Area
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Property Description
The Wenham Street Multifamily comprises (1) three bedroom / two bathroom & (3) four bedroom / two bathroom units. Tenants are responsible for their electric and gas, and water/sewer is newly submetered for rebilling on future leases. The Wenham Street Multifamily has undergone a complete renovation and is a turnkey/new construction property. The Wenham Street Multifamily boasts condo quality finishes, an in-unit laundry, and outdoor space. It is near numerous shops, restaurants, and public transit.The Wenham Street Multifamily provides an investor the opportunity to acquire a turn-key property with the ability to raise rents to market levels and potentially convert the fourth floor unit from a three bedroom to a four bedroom unit, adding to potential market upside.Pro Forma Income $232,800 Pro Forma Expenses $36,474 Pro Forma NOI $193,205 Pro Forma Cap Rate 6.28%
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Highlights
- Area: Jamaica Plain
- Heating: Forced Air, Natural Gas
- Property Class: Residential Income
- Stories: 10
- Year Built: 1900
- Cooling: Central Air
- Levels: 10
- Property Type: 4 Family
- Total Rooms: 24
- Status: Closed
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Additional Details
- Construction: Frame
- Flooring: Hardwood
- Interior Features: Living Room, Kitchen, Laundry Room, Dining Room
- Road Frontage Type: Public
- SqFt Source: Measured
- Year Built Details: Approximate
- Exterior Features: Rain Gutters, Sprinkler System
- Foundation: Stone
- Lot Features: Other
- Roof: Shingle
- Total Number of Units: 4
- Year Built Source: Public Records
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Amenities
- Community Features: Sidewalks
- Parking Features: On Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public, Individual Meter
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Fees / Taxes
- Assessed Value: $1,676,800
- Tax Year: 2025
- Total Rent: $18,045
- Compensation Based On: Gross/Full Sale Price
- Taxes: $19,599
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Northeast Private Client Group, LLC.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
