Unique investment opportunity! Massive 3 family with 13 Bdrs and 8.5% CAP rate. All units are deleaded. This is a true cash cow, offering outstanding rental income and long-term value. Tenants pay all utilities. Perfect for 1031 exchange, long term rental income, owner occupant or condo conversion. All units are sunny, bright, have front and back porches and recently renovated with granite kitchens, tiled bathrooms. All utilities are split. The TPO roof is 7 yo. Lots of system updates. New water tanks. Some appliances are brand new. 2 car garage and parking in the back. Additional income from parking. 5 min walk to the Red Line. Situated just moments from I-93, UMASS, and downtown Boston, this property provides unbeatable access to major transportation routes, popular educational institutions, and the city's vibrant business district. Don’t miss out on this rare opportunity to own a top-tier investment property in the city of Boston.
— MLSPIN #: 73355844Map of 29 Ridgewood St, Boston, MA 02122
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| List Price: | $1,529,000 |
|---|---|
| Status: | Active |
| MLS ID: | 73355844 |
| Town: | Boston |
| Neighborhood: | Dorchester's Meeting House Hill |
| County: | Suffolk |
| Zip: | 02122 |
| Property Type: | Residential Income |
| Property Sub Type: | 3 Family |
| Bedrooms: | 13 |
| Full Baths: | 3 |
| Living Area: | 3,906 sqft |
| Acres: | 0.09 |
| Taxes: | 14,250 |
| Appliances: | Range, Dishwasher, Microwave, Refrigerator, Freezer |
| Flooring: | Hardwood |
| Parking Features: | Paved Drive |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1905 |
| Directions: | Geneva to Holiday to Homes to Draper to Ridgewood |
| Foundation Details: | Concrete Perimeter |
| Postal Code Plus4: | 1416 |
| Listing Contract Date: | 2025-04-07 |
| Garage?: | Yes |
| Lot Size Area: | 0.09 |
| Lot Size Square Feet: | 3,969 |
| Rooms Total: | 22 |
| Bathrooms Total Integer: | 3 |
| Building Area Source: | Public Records |
| Building Area Total: | 3,906 |
| Community Features: | Public Transportation, Shopping, Park, Medical Facility, Laundromat, Bike Path, Highway Access, T-Station, University |
| Interior Features: | Stone/Granite/Solid Counters, Upgraded Cabinets, Bathroom With Tub, Living Room, Kitchen, Sunroom |
| Levels: | 6 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 3 |
| Open Parking?: | Yes |
| Parcel Number: | W:15 P:01097 S:000, 1305225 |
| Sewer: | Public Sewer |
| Waterfront Features: | Beach Front, 1/2 to 1 Mile To Beach |
| Zoning: | R3 |
| Covered Spaces: | 2 |
| Garage Spaces: | 2 |
| Stories Total: | 6 |
| Year Built Source: | Public Records |
| Disclosures: | Agent is part owner. Rented under market. Some pictures are before the tenants moved in |
| Electric Expense: | $335 |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Tax Return |
| Gross Income: | $141,000 |
| Insurance Expense: | $4,646 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | Yes |
| Certificate Number: | 000000068412 |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Flrs 3: | 3 |
| Gre: | 1,941 |
| Lead Paint: | Certified Treated |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Lease 3: | Yes |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $391.45 |
| Page: | 287 |
| Price Per Sqft: | $391.45 |
| Square Feet Incl Base: | No |
| Year Round: | Yes |
| Net Operating Income: | $139,059 |
| Operating Expense: | $1,941 |
| Original List Price: | $1,529,000 |
| Parking Total: | 3 |
| Tax Assessed Value: | $1,230,600 |
| Tax Year: | 2025 |
| Total Actual Rent: | $11,750 |
| Water Sewer Expense: | $1,606 |
| Year Built Details: | Actual |
| Bedrms 1: | 4 |
| Bedrms 2: | 5 |
| Bedrms 3: | 4 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| F Bths 3: | 1 |
| Rent1: | 3,725 |
| Rent2: | 4,250 |
| Rent3: | 3,775 |
Disclaimer:
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 24, 2025 03:21 PM
Property Last Updated: April 11, 2025 03:09 AM
Listing Courtesy of: ERA Cape Real Estate, LLC
Listing Agent: Galina Barry
617-816-2849
