UNLOCK A LUCRATIVE INVESTMENT OPPORTUNITY: Own a Classic 6-Unit Multi-Family Gem in Central JP! This exceptional 6-unit multi-family building in the heart of JP. Prime location just minutes from the train station & the vibrant shops of Centre St., All units in this classic central entrance building are currently leased, offering immediate income potential. Spacious 1-bedroom/4-room unit features a generous living room, dining room & kitchen, private bedrooms at the rear of each unit provide a peaceful retreat. Major renovations undertaken in 2002 ensure that this property is well-maintained & move-in ready. A newer heating system, vinyl siding & newer windows contribute to its energy efficiency & overall appeal. With 5 of the 6 units currently TAW & rents currently below market value, there is tremendous potential for increased revenue. The pro forma for Fiscal Year 7/25 projects an impressive annual gross income of $183,000 & a promising cap rate of 6.2%.
— MLSPIN #: 73343796Map of 48 Boylston St, Boston, MA 02130
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| List Price: | $2,300,000 |
|---|---|
| Status: | Active |
| MLS ID: | 73343796 |
| Town: | Boston |
| Neighborhood: | Jamaica Plain |
| County: | Suffolk |
| Zip: | 02130 |
| Property Type: | Residential Income |
| Property Sub Type: | 5+ Family - 5+ Units Side by Side |
| Bedrooms: | 6 |
| Full Baths: | 6 |
| Living Area: | 4,992 sqft |
| Acres: | 0.11 |
| Taxes: | 13,843 |
| Appliances: | Washer, Dryer, Dishwasher, Disposal, Refrigerator |
| Cooling: | Wall Unit(s) |
| Flooring: | Hardwood, Stone/Ceramic Tile |
| Heating: | Steam, Oil, Common |
| Lot Features: | Level |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1905 |
| Roof: | Rubber |
| Window Features: | Insulated Windows |
| Directions: | CLOSE TO STONYBROOK TRAIN STATION & CITY FEED SHOP - MIDDLE OF BOYLSTON BETWEEN CHESTNUT & CENTRE |
| Laundry Features: | Electric Dryer Hookup |
| Foundation Details: | Granite |
| Postal Code Plus4: | 4421 |
| Electric: | Circuit Breakers |
| Construction Materials: | Frame |
| Listing Contract Date: | 2025-03-11 |
| Cooling?: | Yes |
| Heating?: | Yes |
| Lot Size Area: | 0.11 |
| Lot Size Square Feet: | 4,840 |
| Rooms Total: | 24 |
| Bathrooms Total Integer: | 6 |
| Basement: | true |
| Basement: | Full |
| Building Area Source: | Public Records |
| Building Area Total: | 4,992 |
| Community Features: | Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, House of Worship, Private School, Public School, T-Station, University |
| Interior Features: | Storage, Crown Molding, Laundry Room, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Remodeled, Living Room, Dining Room, Kitchen |
| Levels: | 9 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 6 |
| Parcel Number: | W:19 P:00340 S:000, 1348696 |
| Patio And Porch Features: | Porch, Deck |
| Rent Includes: | Unit 1(Heat, Water) |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Utilities: | for Gas Range, for Electric Oven, for Electric Dryer |
| Zoning: | R4 |
| Elementary School: | Bps |
| Stories Total: | 9 |
| Year Built Source: | Public Records |
| Disclosures: | ONE UNIT HAS A LEAD PAINT CERTIFICATE |
| Electric Expense: | $1,827 |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Owner |
| Gross Income: | $183,000 |
| Insurance Expense: | $6,076 |
| Listing Agreement: | Exclusive Right To Sell |
| Listing Terms: | Contract |
| Apod Available: | Yes |
| Certificate Number: | 000000105520 |
| Color: | BROWN |
| Comp Based On: | Net Sale Price |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 1 |
| Flrs 3: | 2 |
| Flrs 4: | 2 |
| Gre: | 25,002 |
| Hte: | 8,809 |
| Lead Paint: | Unknown |
| Lease 1: | No |
| Lease 2: | No |
| Lease 3: | No |
| Lease 4: | No |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Levels 3: | 1 |
| Levels 4: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $460.74 |
| Page: | 273 |
| Price Per Sqft: | $460.74 |
| Sewage District: | BWSC |
| Square Feet Disclosures: | UNIT RENTS INCLUDES COST OF HEAT |
| Square Feet Incl Base: | No |
| Sub Agency Offered: | No |
| Operating Expense: | $25,002 |
| Original List Price: | $2,300,000 |
| Tax Assessed Value: | $1,270,000 |
| Tax Year: | 2024 |
| Total Actual Rent: | $15,250 |
| Water Sewer Expense: | $2,779 |
| Year Built Details: | Renovated Since |
| Waterview Flag: | No |
| Bedrms 1: | 1 |
| Bedrms 2: | 1 |
| Bedrms 3: | 1 |
| Bedrms 4: | 1 |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| F Bths 3: | 1 |
| F Bths 4: | 1 |
| Hot Water: | Natural Gas, Electric |
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 March 15, 2025 04:45 PM
Property Last Updated: March 15, 2025 03:07 AM
Listing Courtesy of: Focus Real Estate
Listing Agent: Bunny Cecchetto
617-686-1096
