3 N Munroe Ter, Boston MA 02122
Boston, MA 02122
$1,499,000
Est. $8,630/month
About this home
Exceptional investment opportunity in the heart of Dorchester! This spacious three-family property offers a total of 3,265 Sq. Ft. of living space across three well-maintained rental units. Each unit features bright, comfortable layouts and separate utilities-ideal for steady rental income or owner occupancy with income potential. Third unit has a view of the ocean. Basement has potential to be renovated. Conveniently located near public transportation, schools, parks and local shops. This property provides both long-term stability and strong upside potential.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Jul 29, 2026
$1,499,000
Original listing
Agent: Peter Kelly
Office: Kelly Group Properties
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/29/2026 | 🏠 Listed for Sale | $1,499,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $10,197 | $880,600 |
Financial Details
Annual Property Tax
$10,197
Tax Year 2025
Assessed Value
$880,600
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1910
Living Area
3,265 sq ft
Lot Size
0.10 acres
Bedrooms
6
Full Baths
3
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
$2,500/mo · N
Unit 2 Rent
$2,800/mo · N
Unit 3 Rent
— · N
Total Monthly Rent
$5,300/mo
Gross Income
$63,600
Net Operating Income
$63,600
Cap Rate
4.24%
Interior
Heating
None
Cooling
None
Flooring
Wood
Appliances
None
Fireplace
None
Basement
Unfinished
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck - Wood
Parking
Features
Paved Drive, Off Street, On Street
Total Spaces
2
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$10,197
Assessed Value
$880,600
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
3 Family
Listing Type
For Sale
Year Built
1910
Bedrooms
6
Full Bathrooms
3
Living Area
3,265 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,265 sq ft above grade
Display Options
Outdoor Areas
Patio & porchDeck - Wood
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:
Wood
Appliances:
Interior Features:
Windows:
Basement:
Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1910
Structure Type:
Exterior Materials:
Roof:
Foundation:
Concrete Perimeter
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Deck - Wood
Fencing:
Other Structures:
Lot Features:
Sloped
Road Surface:
Parking & Garage
Total Parking Spaces:
2
Parking Features:
Paved Drive, Off Street, 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
C
Neighborhood House Charter School
0.1 mi
|
#275 of 346
|
Score: 43.8
Improved 16 spots from last year
-14.4 below state avg
786 students
Diverse
College Ready Curriculum
Diverse Student Body
Grades PK-12
B-
Murphy K-8 School
0.1 mi
|
#210 of 352
|
Score: 40.0
Improved 9 spots from last year
-18.2 below state avg
855 students
Diverse
Diverse Student Body
Grades PK-08
Saint John Paul II Academy - Neponset
0.2 mi
Grades PK-08
Middle Schools
2 schools
Epiphany School
0.8 mi
Grades 05-08
A
Central Middle School
1.0 mi
|
#52 of 352
|
Score: 56.2
Improved 4 spots from last year
-2 below state avg
671 students
Diverse
Strong Attendance
Grades 06-08
High Schools
3 schools
D
Community Academy of Science and Health
0.7 mi
|
#326 of 346
|
Score: 29.0
Improved 41 spots from last year
-29.2 below state avg
398 students
Diverse
Rising School
Grades 09-12
Urban Achievers School
0.8 mi
Grades 09-12
Dorchester Academy
0.8 mi
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
$850
Homeowners Insurance
$200
PMI (if <20% down)
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Loan Summary
Total of 360 payments
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Rate Impact
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Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
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Location
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Neighborhood
3 N Munroe Ter, Boston MA 02122
Boston, MA 02122
Listing Information
Listing Agent
Peter Kelly
Listing Office
Kelly Group Properties
Office Phone
617-839-4069
Agent MLS ID
BB900411
Office MLS ID
AN4679
Listing Data Updated
Jul 29, 2026 5:57 PM 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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