870 East 5th Street

Boston, MA 02127

$3,200,000
Last Sold Price
15
Beds
7
Baths
5,893 Sq. Ft.
$543 / Sq. Ft.
5,893
Sq. Ft.
$543
per Sq. Ft.

Description

The Property, with over $220,000 in gross rents, is located at 870 E. 5th Street in South Boston. 870 E 5th offers the rare opportunity to acquire an outstanding, turn key core asset in an incredible urban-infill location in one of the strongest real estate markets in the country. The Property consists of a gut renovated, three story building containing units with (1) 5-bedroom/3 bathroom unit and (2) 5-bedroom/2 bathroom units with 8,653 square feet of living area. The property is fully leased (with...The Property, with over $220,000 in gross rents, is located at 870 E. 5th Street in South Boston. 870 E 5th offers the rare opportunity to acquire an outstanding, turn key core asset in an incredible urban-infill location in one of the strongest real estate markets in the country. The Property consists of a gut renovated, three story building containing units with (1) 5-bedroom/3 bathroom unit and (2) 5-bedroom/2 bathroom units with 8,653 square feet of living area. The property is fully leased (with all units rented until 8/31/23) and has undergone a total renovation, every system and building element is brand new featuring condo quality finishes, including new kitchens and bathrooms with modern amenities, new forced hot air heating and central air conditioning systems in every unit, upgraded electrical service and luxury, vinyl plank flooring throughout. Building amenities include private storage, coin op laundry, rear decks and a shared backyard.
  1. Listed by John Pentore • Horvath & Tremblay
  2. Listed by Dennis Kelleher • Horvath & Tremblay

Property Details for 870 East 5th Street

Town
Boston
Area
MA-Boston
Garage Spaces
0
Parking Spaces
.00

Location

Listing Courtesy of Horvath & Tremblay, John Pentore; Horvath & Tremblay, Dennis Kelleher

Sold By Horvath & Tremblay, John Pentore

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LISTING UPDATED: 10/24/2022 01:41 PM

Property Details for 870 East 5th Street

StatusSold
MLS #73012708
Days on Market19
Taxes$20,423 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1899
CountySuffolk County

Location

Listing Courtesy of Horvath & Tremblay, John Pentore; Horvath & Tremblay, Dennis Kelleher

Sold By Horvath & Tremblay, John Pentore

Add your commute

Building Information for 870 East 5th Street

Stories3Residences3Year Built1899Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$19,166 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,464

Property Taxes

$1,702

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 870 East 5th Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Other
  • Living Area: 5893.0
  • SqFt with Basement: Yes
  • Total Units: 3
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Appraiser
Features
Interior Features
  • Appliances: Gas Water Heater
  • Basement Features: Partial, Partially Finished
  • Num of Baths: 7.0
  • Num of Full Baths: 7
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 7.00
  • Bathrooms Total Integer: 7
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Vinyl
  • Laundry Features: Laundry Room
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch, Covered Patio/Deck
  • Patio And Porch Features: Porch, Covered
  • Roof Material: Rubber
  • Waterfront Features: Beach Front, Bay, 0 to 1/10 Mile To Beach
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive
  • Open Parking: Yes
  • Parking Features: Paved Drive
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
Tax Information
  • Tax ID: 1410885
  • Assessments: $1,877,100
  • Book: 58960
  • Tax Year: 2022
  • Zoning: R3
Building / Association Information
Living Characteristics
  • Beds Total: 15
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Concrete Perimeter
Income / Expenses
  • GOI: $220,800.00
  • GRE: $38,020
  • NOI: $182,780.00
  • Operating Expense: $38,020.00
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
  • Lease U3: Y
Rental Info
Rental Info
  • Total Actual Rent: $18,400.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: n/a

Property History for 870 East 5th 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 870 East 5th Street

Taxable ValueLand$386,300Additions$1,678,500Total$2,064,800
Tax Record2023$22,176 ($1,848 / month)
Home Facts
Baths3Total Finished SqFt4,536 SqFtAbove Grade Finished SqFt4,536 SqFtStories3Lot Size3,125 SqFtStyleTriplexYear Built1899Year Renovated2018ZoningR3CountySUFFOLKAPNSBOS W:06 P:04464 S:000

Schools near 870 East 5th 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 - 10 to 12
Rating
School
Distance
Joseph P. Tynan Elementary School
PublicPK to 5

James F. Condon School
PublicPK to 8

Excel High School
Public9 to 12

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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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.

Listing Courtesy of Horvath & Tremblay, John Pentore; Horvath & Tremblay, Dennis Kelleher

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.