Sold!
$1,220,000
9
Beds
3
Baths
4,098
Living Area
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Property Description
Turn-key investment opportunity in Dorchester with a 7.9% cap rate! Well-maintained three-family property offering (3) spacious 3-bed/1-bath units and approximately 4,098± sq. ft. of living area on a 3,800± sq. ft. lot. All units were updated prior to 2012 with additional kitchen and bath improvements completed after purchase, creating strong rental appeal and long-term stability. The building is fully occupied and generates $9,800/month ($117,600 annual gross). Annual operating expenses are approx. $20,890, producing a net income of roughly $96,710. Additional features include separate utilities, landlord-paid common electric and water/sewer, and Lead Compliance Certificates for all three units. Situated near Codman Square with convenient access to transit, parks, shops, and neighborhood amenities. A solid, cash-flowing asset ideal for investors seeking dependable returns in a high-demand rental corridor.
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Highlights
- Area: Dorchester's Codman Square
- Property Class: Residential Income
- Stories: 3
- Year Built: 1987
- Levels: 3
- Property Type: 3 Family
- Total Rooms: 15
- Status: Closed
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Additional Details
- Construction: Frame
- Foundation: Granite
- Roof: Shingle
- Total Number of Units: 3
- Year Built Source: Public Records
- Flooring: Tile, Hardwood
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate, Unknown/Mixed
- Zoning: R3
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
- Parking Features: On Street
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Utilities
- Electric: Individually Metered
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $842,000
- Tax Year: 2025
- Total Rent: $9,800
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
- Taxes: $9,750
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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 EVO Real Estate Group, LLC.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
