259 Emerson Street, Boston MA 02127
Boston, MA 02127
$1,350,000
Est. $8,539/month
About this home
259-261 Emerson is a 2-family located on one most sought after streets in South Boston convenient to the Seaport, Financial District, East Broadway and L Street Beach. The property generates $8,250 per month and is fully leased through 8/31/2027. Unit 1 is a lovely direct-entry 1-bedroom/1bath with a private patio that features a renovated kitchen and bathroom and in-unit laundry. Unit 2 is a direct-entry 3-bedroom/1bath bi-level unit that also has been renovated. This is a great opportunity to invest in arguably the strongest rental market in Boston or take advantage of a future owner-occupied situation.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Aug 5, 2026
$1,350,000
Original listing
Agent: Tony Pepdjonovic
Office: Marcus & Millichap Real Estate Investment Services
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/05/2026 | 🏠 Listed for Sale | $1,350,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $18,146 | $1,449,900 |
Financial Details
Annual Property Tax
$18,146
Tax Year 2026
Assessed Value
$1,449,900
Facts & Features
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1890
Living Area
1,945 sq ft
Lot Size
0.04 acres
Bedrooms
4
Full Baths
2
Total Rooms
8
Investment Metrics
Units
2
Unit 1 Rent
$3,500/mo · Y
Unit 2 Rent
$4,750/mo · Y
Total Monthly Rent
$8,250/mo
Gross Income
$99,000
Net Operating Income
$72,010
Operating Expenses
$26,990
Cap Rate
5.33%
Interior
Heating
Baseboard, Natural Gas
Cooling
None
Flooring
Hardwood
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Fireplace
None
Basement
Full, Unfinished
Laundry
None
Features
Upgraded Cabinets, Upgraded Countertops
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Patio
Parking
Features
On Street
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$18,146
Assessed Value
$1,449,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Suffolk
Property Overview
Property Type
Multi Family
Listing Type
For Sale
Year Built
1890
Bedrooms
4
Full Bathrooms
2
Living Area
1,945 sq ft
Total Rooms
8
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,945 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPatio
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Hardwood
Appliances:
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Interior Features:
Upgraded Cabinets, Upgraded Countertops
Windows:
Basement:
Full, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1890
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Concrete Perimeter, Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Baseboard, Natural Gas
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Patio
Fencing:
Other Structures:
Lot Features:
Other
Road Surface:
Parking & Garage
Parking Features:
On Street
Nearby Schools
School District
Boston School District local
C-
Where Graduates Go
Class of 2021
52%
attend college
38%
4-Year
14%
2-Year
7%
Out of State
7%
Working
School Safety
2024-25
3.7%
Above Average
3.2%
Suspensions
0.3%
In-School
0.5%
Emergency
1.8% below state avg
Elementary Schools
3 schools
Tynan Elementary
0.1 mi
F
Tynan Elementary School
0.2 mi
|
#816 of 824
|
Score: 24.8
Dropped 23 spots from last year
-33.5 below state avg
227 students
Very Diverse
Diverse Student Body
Grades PK-06
South Boston Catholic Academy
0.3 mi
Grades PK-05
Middle Schools
3 schools
Middle School Academy
0.7 mi
UP Academy
0.7 mi
McCormack Middle
1.2 mi
High Schools
3 schools
F
Excel High School
0.5 mi
|
#332 of 346
|
Score: 26.2
Improved 28 spots from last year
-32.1 below state avg
301 students
Very Diverse
11 sports
• 241 athletes
Rising School
Diverse Student Body
Grades 10-12
Excel High
0.5 mi
F
Boston Collaborative High School
0.8 mi
|
#389 of 346
|
Score: 22.8
Dropped 2 spots from last year
210 students
Diverse
Grades 09-12
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Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,512
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
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+0.5% Rate
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
259 Emerson Street, Boston MA 02127
Boston, MA 02127
Listing Information
Listing Agent
Tony Pepdjonovic
Listing Office
Marcus & Millichap Real Estate Investment Services
Office Phone
617-896-7200
Agent MLS ID
CN212672
Office MLS ID
AN1252
Listing Data Updated
Aug 5, 2026 10:20 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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