Prime investment opportunity in Boston's coveted Mission Hill neighborhood: a turnkey 3-family property with potential for a 8.1% cap rate by 9/1/25. Perfectly positioned at the "bottom of the hill" near Tremont Street, this property includes 14 bedrooms and 6 bathrooms across three units—one 4-bed, 2-bath, and two 5-bed, 2-bath—all featuring modern kitchens, in-unit laundry, renovated bathrooms, hardwood floors, and central HVAC. Each unit has rear decks and a shared yard for added tenant enjoyment. Updated with new electrical and plumbing systems, along with low-maintenance vinyl siding, this property is easy to manage and maintain. Located a short distance from Longwood Medical Area, Orange Line at Roxbury Crossing and Green Line at Brigham Circle (both a quarter-mile away), this investment promises strong rental demand and long-term value. Don’t miss this solid income-generating property in one of Boston’s most desirable neighborhoods, close to universities and major employers.
— MLSPIN #: 73310040Map of 9 Carmel Street, Boston, MA 02120
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| List Price: | $3,150,000 |
|---|---|
| Status: | Active |
| MLS ID: | 73310040 |
| Town: | Boston |
| Neighborhood: | Mission Hill |
| County: | Suffolk |
| Zip: | 02120 |
| Property Type: | Residential Income |
| Property Sub Type: | 3 Family - 3 Units Up/Down |
| Bedrooms: | 13 |
| Full Baths: | 6 |
| Living Area: | 3,088 sqft |
| Acres: | 0.06 |
| Taxes: | 20,228 |
| Flooring: | Wood, Tile |
| Parking Features: | On Street |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1905 |
| Roof: | Rubber |
| Directions: | Tremont street to Carmel Street |
| Foundation Details: | Concrete Perimeter, Stone |
| Construction Materials: | Frame |
| Listing Contract Date: | 2024-11-06 |
| Lot Size Area: | 0.06 |
| Lot Size Square Feet: | 2,430 |
| Rooms Total: | 20 |
| Bathrooms Total Integer: | 6 |
| Basement: | true |
| Basement: | Walk-Out Access |
| Building Area Source: | Public Records |
| Building Area Total: | 3,088 |
| Community Features: | Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University |
| Fencing: | Fenced/Enclosed, Fenced |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 3 |
| Open Parking?: | Yes |
| Parcel Number: | 3399726 |
| Patio And Porch Features: | Porch, Deck |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Utilities: | for Gas Range, for Gas Oven |
| Zoning: | 3f |
| Stories Total: | 6 |
| Year Built Source: | Public Records |
| Farm Land Area Units: | Square Feet |
| Financial Data Source: | Owner |
| Gross Income: | $222,600 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | No |
| Comp Based On: | Gross/Full Sale Price |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 2 |
| Flrs 3: | 3 |
| Lead Paint: | Unknown |
| 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: | $1,020.08 |
| Page: | 102 |
| Price Per Sqft: | $1,020.08 |
| Square Feet Incl Base: | No |
| Net Operating Income: | $222,600 |
| Original List Price: | $3,150,000 |
| Tax Assessed Value: | $1,838,400 |
| Tax Year: | 2024 |
| Total Actual Rent: | $18,550 |
| Year Built Details: | Approximate |
| Bedrms 1: | 4 |
| Bedrms 2: | 5 |
| Bedrms 3: | 5 |
| F Bths 1: | 2 |
| F Bths 2: | 2 |
| F Bths 3: | 2 |
| Rent1: | 5,800 |
| Rent2: | 6,500 |
| Rent3: | 6,250 |
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 November 23, 2024 09:20 AM
Property Last Updated: November 10, 2024 03:09 AM
Listing Courtesy of: Compass
Listing Agent: Mission Realty Advisors
617-942-1609
