87 Cottage Street

Boston, MA 02128

$870,000
Last Sold Price
3
Beds
3
Baths
1,881 Sq. Ft.
$463 / Sq. Ft.
1,881
Sq. Ft.
$463
per Sq. Ft.

Description

Exceptional Investor Opportunity: Fully Rented 3-Family in Jeffries Point, East Boston! Discover an incredible investment opportunity in East Boston's coveted Jeffries Point neighborhood. This fully rented 3-family gem offers the ideal investment trifecta—proximity to the Boston Harbor, efficient public transit access, and undeniable urban convenience. Appealing to the savvy investor seeking both potential returns and future growth, this property provides immediate rental income from its fully occupied...Exceptional Investor Opportunity: Fully Rented 3-Family in Jeffries Point, East Boston! Discover an incredible investment opportunity in East Boston's coveted Jeffries Point neighborhood. This fully rented 3-family gem offers the ideal investment trifecta—proximity to the Boston Harbor, efficient public transit access, and undeniable urban convenience. Appealing to the savvy investor seeking both potential returns and future growth, this property provides immediate rental income from its fully occupied units. Moreover, its strategic location assures a promising future with the potential for rent appreciation in the near future. For those with an eye on redevelopment, this property also presents the exciting possibility of permit-based redevelopment, opening avenues for even greater value.. Don't miss this chance—reach out today to secure this prime investment opportunity in the heart of Jeffries Point! This property can be bought as package deal with 89 Cottage Street East Boston.

Property Details for 87 Cottage Street

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

Location

Add your commute
LISTING UPDATED: 11/03/2023 10:17 AM

Property Details for 87 Cottage Street

StatusSold
MLS #73153283
Days on Market15
Taxes$8,379 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family - 3 Units Side by Side
Year Built1905
CountySuffolk County

Location

Add your commute

Building Information for 87 Cottage Street

Stories6Residences3Year Built1905Building Size-Lot Size0.02 AC / 836 SF

Payment Calculator

$5,446 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,748

Property Taxes

$698

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 87 Cottage Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University, Other (See Remarks)
  • Current Financing: Conv. Fixed
  • Living Area: 1881.0
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Lot Description: Other
  • Waterfront Features: Beach Front, Harbor
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: On Street Permit, Other
  • Open Parking: Yes
  • Parking Features: On Street Permit, Other
  • Parking Features: On Street Permit
Utilities
  • Electric: Other (See Remarks)
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Disclosures: 24 hour notice to show.
Tax Information
  • Tax ID: 1331746
  • Assessments: $780,200
  • Book: 63646
  • Tax Year: 2023
  • Zoning: 3-Family R
Building / Association Information
Living Characteristics
  • Beds Total: 3
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Brick/Mortar
Income / Expenses
  • Annual Expenses Source: Other (See Remarks)
  • GOI: $71,100.00
  • NOI: $71,100.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: Y
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $5,925.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5
  • Other Agent Compensation: 2.5

Property History for 87 Cottage Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 87 Cottage Street

Taxable ValueLand$229,900Additions$550,300Total$780,200
Tax Record2023$8,379 ($698 / month)
Home Facts
Baths3Total Finished SqFt1,881 SqFtAbove Grade Finished SqFt1,881 SqFtStories3Lot Size836 SqFtStyleTriplexYear Built1905Year Renovated1993ZoningR3CountySUFFOLKAPNEBOS W:01 P:05253 S:000

Schools near 87 Cottage Street

This home is within Boston School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 1
Public - PK to 6
Rating
School
Distance
McKay K-8 School
PublicPK to 8

East Boston High School
Public9 to 12

East Boston Early Childhood Center
PublicPK to 1

Adams 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.

Similar Homes

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Similar Sold Homes

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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.