493-495 East 7th Street

Boston, MA 02127

$3,000,000
Price
9
Beds
8
Baths
5,668 Sq. Ft.
$529 / Sq. Ft.
5,668
Sq. Ft.
$529
per Sq. Ft.

Description

Rarely available, fully occupied, semi-attached, turnkey six-family with three sides of exposure! This spacious multi-family offers 4 one bedroom, one bathroom units occupying the second and third floors, as well as a first and garden level two bedroom, two bathroom duplex, and a three bedroom, two bathroom first and garden level duplex. Current rents are well below market value and easy to increase with little to no capital improvements, making $200,000+ gross rent per year achievable. Set in an...Rarely available, fully occupied, semi-attached, turnkey six-family with three sides of exposure! This spacious multi-family offers 4 one bedroom, one bathroom units occupying the second and third floors, as well as a first and garden level two bedroom, two bathroom duplex, and a three bedroom, two bathroom first and garden level duplex. Current rents are well below market value and easy to increase with little to no capital improvements, making $200,000+ gross rent per year achievable. Set in an ideal South Boston location - only two blocks to the beach, four blocks to bustling E. Broadway where there is something for everyone - restaurants, coffee shops, bars and grocery store. Close to major bus lines and public transit - this is an investor's dream, attracting a steady stream of quality tenants in a red hot rental market. Brand new back decks and 2nd means of egress!

Listing Agents

  1. Matt Aranson

    Matt Aranson

    Alternative Listing Agent

    Compass

Property Details for 493-495 East 7th Street

Town
Boston
MLS Area
South Boston
Area
MA-Boston-South Boston, MA-Boston
Garage Spaces
0
Parking Spaces
.00

Location

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LISTING UPDATED: 09/21/2023 05:32 AM

Property Details for 493-495 East 7th Street

StatusActive
MLS #73094948
Days on Market387
Taxes$20,872 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1905
CountySuffolk County

Location

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Virtual Tour

Building Information for 493-495 East 7th Street

Stories9Residences6Year Built1905Building Size-Lot Size0.08 AC / 3,484 SF

Payment Calculator

$18,112 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,372

Property Taxes

$1,739

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 493-495 East 7th Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 5668.0
  • SqFt with Basement: Yes
  • Total Units: 6
  • Waterfront: No
  • Water View: Yes
  • Year Built Details: Approximate,Renovated Since
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Partially Finished, Walk Out
  • Num of Baths: 8.0
  • Num of Full Baths: 8
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 8.00
  • Bathrooms Total Integer: 8
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Hardwood, Parquet
  • SpaYN: No
  • Window Features: Insulated Windows, Screens
Exterior Features
  • Construction: Frame
  • Exterior Features: Deck - Wood, Patio, Gutters, Screens
  • Exterior Features: Screens, Deck - Wood, Patio
  • Lot Description: Corner Lot
  • Patio And Porch Features: Deck - Wood, Patio
  • Roof Material: Rubber
  • Waterfront Features: Beach Front, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: On Street Permit
  • Open Parking: Yes
  • Parking Features: On Street Permit
  • Parking Features: On Street Permit
Utilities
  • Electric: Circuit Breakers
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Water,sewer,heat,and hot water are included in the monthly rent.
Tax Information
  • Assessments: $1,943,400
  • Book: 0
  • Tax Year: 2023
  • Zoning: R3
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Brick/Mortar
  • Heat Units: 1
Income / Expenses
  • GOI: $202,200.00
  • NOI: $160,000.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 1
  • Lease U4: Y
  • Levels U4: 2
Rental Info
Rental Info
  • Total Actual Rent: $11,600.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 0

Property History for 493-495 East 7th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 493-495 East 7th Street

This home is within Boston School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Joseph P. Tynan Elementary School
PublicPK to 5

James F. Condon School
PublicPK to 8

Excel High School
Public9 to 12

Perkins Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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493-495 East 7th Street is a multi-family home for sale in Boston, MA 02127. This property was listed for sale on April 4, 2023 by Compass, it's currently listed at $3,000,000. This listing's school district is Boston School District. Nearby schools include Joseph P. Tynan Elementary School, James F. Condon School and Excel High School. 493-495 East 7th Street is a 9-bed, 8-bath, 5,668 sqft multi-family home built in 1905.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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 or leasing 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 or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.