19 South Russell Street is a Prime Investment Opportunity in the historic & highly desirable Beacon Hill neighborhood. This Legal Nine-Unit Building has Excellent Rental History and is located just steps from Massachusetts General Hospital and Suffolk University. The unit mix includes Four (4) 1-bedroom/1-bath units and Five (5) studios with full baths. With an existing income stream and significant value add potential, this property provides stable cash flow and the opportunity for long-term appreciation in a high-demand market. Public transportation is abundant, with Red, Green, Orange, and Blue Lines all easily accessible to ensure seamless access to every part of the city. In-place rents are below market, presenting a significant opportunity to increase NOI by adjusting rents to current market rates. This property is for the savvy investor seeking to capitalize on Beacon Hill’s historic appeal while meeting the demand for well-located, modern rental units.
— MLSPIN #: 73355779Map of 19 South Russell Street, Boston, MA 02114
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| List Price: | $3,750,000 |
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| Status: | Active |
| MLS ID: | 73355779 |
| Town: | Boston |
| Neighborhood: | Beacon Hill |
| County: | Suffolk |
| Zip: | 02114 |
| Property Type: | Residential Income |
| Property Sub Type: | 5-9 Family |
| Bedrooms: | 4 |
| Full Baths: | 9 |
| Living Area: | 3,240 sqft |
| Taxes: | 22,304 |
| Lot Features: | Other |
| Parking Features: | On Street |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1899 |
| Directions: | 19 South Russell Street Boston, MA 02114 |
| Foundation Details: | Granite |
| Listing Contract Date: | 2025-04-07 |
| Rooms Total: | 13 |
| Bathrooms Total Integer: | 9 |
| Basement: | true |
| Basement: | Full, Partially Finished |
| Building Area Source: | Public Records |
| Building Area Total: | 3,240 |
| Community Features: | Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, T-Station, University |
| Levels: | 4 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 9 |
| Open Parking?: | Yes |
| Parcel Number: | 3349552 |
| Rent Includes: | Unit 1(Heat, Gas, Water, Hot Water), Unit 2(Heat, Gas, Water, Hot Water) |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Zoning: | Res |
| Stories Total: | 4 |
| Year Built Source: | Owner |
| Disclosures: | Buyers & Brokers to perform any and all due diligence. |
| Electric Expense: | $723 |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Owner |
| Gross Income: | $211,200 |
| Gross Scheduled Income: | $7,592 |
| Insurance Expense: | $8,108 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | Yes |
| Comp Based On: | Gross/Full Sale Price |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 2 |
| Flrs 2: | 2 |
| Gre: | 42,033 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $1,157.41 |
| Mse: | 940 |
| Page: | 28 |
| Price Per Sqft: | $1,157.41 |
| Square Feet Incl Base: | No |
| Net Operating Income: | $169,167 |
| Operating Expense: | $42,033 |
| Original List Price: | $3,750,000 |
| Tax Assessed Value: | $1,926,100 |
| Tax Year: | 2025 |
| Total Actual Rent: | $17,600 |
| Water Sewer Expense: | $3,190 |
| Year Built Details: | Actual |
| Waterview Flag: | No |
| Bedrms 1: | 1 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| Hot Water: | Natural Gas |
| Rent1: | 2,250 |
| Rent2: | 2,050 |
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on April 12, 2025 07:38 PM
Property Last Updated: April 11, 2025 03:09 AM
Listing Courtesy of: Core Property Group LLC
Listing Agent: Zach Barron
617-939-1078
