Strong cash-flowing investment opportunity in the Mount Bowdoin/Grove Hall neighborhood. Current 7.9 cap rate with gross annual rental income of ~$130,000 and long-term tenants in place. Units can be delivered vacant, or with leases through July 2027. Property features separately metered gas and electric, lead compliance certificates, washer/dryer hookups for each unit in the basement, and a driveway for off-street parking. A few doors down from the charming Barry Street community garden. Recent development in the area include a condo development on abutting property at 52 Bellevue Street, and upcoming proposed 14 unit new development just a few doors down at 427 Quincy Street. Unique Value Proposition: Potential to add a fourth unit, offering additional upside for investors.
| MLS Listing ID: | 73590937 |
|---|---|
| Listing Price: | $1,449,000 |
| Listing Status: | Active [?] |
| Neighborhood: | Dorchester |
| Property Type: | Multi Family |
| Bedrooms: | 11 |
| Full Baths: | 3 |
| Living Space: | 3581 sf. |
| Lot Size: | 0.08 acres (3633 sf.) |
| Parking: | Yes |
| Taxes: | $13,206.00 |
| Tax Year: | 2026 |
Listing Current as of October 21, 2026 12:00pm
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