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493-495 E 7th St, Boston MA 02127 – 9 bed 8 bath For Sale – 73094948

$ 3,000,000
493-495 E 7th St, Boston MA 02127, ,

Overview

  • Updated On:
  • January 22, 2025
  • listingid
  • 73094948
  • 9 Bedrooms
  • 8 Bathrooms
  • 0 Garage Spaces
  • 0 Non-Garage Parking Spaces
  • 1905

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 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!

Property Listing Details

Overview

MLS Status
Price $ 3,000,000
Living Area 5,668.00 ft2
Bedrooms 9
Total Rooms 21
Listing MLS ID 73094948
Days on Market 659
Bathrooms 8

Unit Information

Bedrooms 9
Full Bathrooms 8
Half Bathrooms 0
Cooling
Heating
Uncovered Parking 0
Garage Parking 0
Water View Yes
Unit Level
Common Walls
Laundry Features
Lead Paint Unknown
Outdoor Space Available
Living Area Includes Basement Full,Partially Finished,Walk-Out Access
Patio And Porch Features Deck - Wood,Patio
Parking Features On Street
Waterview Features
Flooring Tile,Hardwood,Parquet

Building Information

Building Name
Units in Building 6
Pets Allowed
Association Amenities
Pool Features
Waterfront Features Beach Front,0 to 1/10 Mile To Beach,Beach Ownership(Public)
Association Fee Includes
Construction Materials Frame
Year Built 1905
Security Features
Sewer Public Sewer
Spa Features
Structure Type
Water Source Public
Basement Full,Partially Finished,Walk-Out Access
Roof Rubber

Additional Details

Community Features
Disclosures Water,sewer,heat,and hot water are included in the monthly rent.
Last Updated 2025-01-22T20:56:00.000Z
Building Area Source Public Records
MLS PIN Page
Parcel Number
Original List Price 2950000
Listing Office compass
Tax Annual Amount 20872
Tax Assessed Value 1943400
Tax Book Number 0
Tax Year 2023
Year Built Details Approximate,Renovated Since
Year Built Source Public Records
Zoning R3
Listing Agent aranson maguire group

Property Address

Address: 493-495 E 7th St, Boston MA 02127
City:
State/County:
Zip: 02127
Country: US

Amenities and Features

Other Features
Open Parking
Rain Gutters

Payment Calculator

$ 17,189.21
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 14,389.21

Map

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493-495 E 7th St, Boston MA 02127 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.

Property Details

493-495 E 7th St, Boston MA 02127 – 9 bed 8 bath For Sale – 73094948

$ 3,000,000

Status:

493-495 E 7th St, Boston MA 02127, , , 02127

Country: US

Property Overview

MLS #: 73094948

Type: /

Action:

Year Built: 1905 (Approximate,Renovated Since, Source: Public Records, Effective: )

Living Area: 5,668.00 ft2 (Total: 5668 Square Feet, Source: Public Records)

Lot Size: 0.08 ft2 (Area: 0.08 Acres, SqFt: 3484)

Total Rooms: 21

Condition:

Availability:

Building Name:

Interior Features

Bedrooms: 9 (Main Level: )

Bathrooms: Total: 8 (Full: 8, Half: 0, Decimal: 8, Main Level: )

Basement: Full,Partially Finished,Walk-Out Access

Fireplaces: 0 ()

Flooring: Tile,Hardwood,Parquet

Laundry:

Window Features: Insulated Windows,Screens

Door Features:

Accessibility:

Entry: Level , Location:

Other Equipment:

Construction & Design

Style:

Materials: Frame

Foundation: Brick/Mortar (Area: )

Roof: Rubber

Stories: 9 ()

Common Walls:

Body Type:

Utilities & Green Features

Heating:

Cooling:

Water Source: Public

Sewer: Public Sewer ()

Utilities:

Electric: Circuit Breakers (Expense: )

Gas:

Energy Certificate:

Green Energy Efficient:

Green Energy Generation:

Green Indoor Air Quality:

Green Water Conservation:

Insulation:

Exterior & Lot Features

Garage Spaces: 0

Covered Spaces: 0

Parking Total: 0

Parking Features: On Street

Pool:

Spa:

Patio/Porch: Deck - Wood,Patio

Fencing:

Lot Features: Corner Lot

View: (, Waterview Y/N: Yes)

Waterfront: Beach Front,0 to 1/10 Mile To Beach,Beach Ownership(Public)

Road Frontage: Public ()

Road Surface:

Road Responsibility:

Other Structures:

Horse Amenities:

Wooded Area:

Pasture Area:

Cultivated Area:

Additional Parcels: (Number: )

Outdoor Space:

Community & Association

Community Features:

Association Fee: ()

Fee Includes:

Association Amenities:

Pets Allowed:

Schools: E: , M: , H:

Zoning: R3 ()

MLS Area: Major: , Minor:

Management:

Optional Fee: (Includes: )

Property 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 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!

Room Details

Living Room (): x ( sqft) - Features:

Dining Room (): x ( sqft) - Features:

Kitchen (): x ( sqft) - Features:

Master Bedroom (): x ( sqft) - Features:

Master Bathroom: Features:

Laundry Dimensions:

Multi-Unit Information (if applicable)

Total Units: 6

Units Owner Occupied:

Unit 1: Beds: 3, Full Baths: 2, Half Baths: 0, Levels: 2, Rent: 3300, Lease: Y

Unit 2: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 2400, Lease: Y

Unit 3: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 2450, Lease: Y

Unit 4: Beds: 2, Full Baths: 2, Half Baths: 0, Levels: 2, Rent: 3600, Lease: Y

Complex Complete:

Unit Building:

Financial & Lease Information

Tax Annual Amount: 20872 (Year: 2023)

Tax Assessed Value: 1943400

Tax Block/Lot/Book/Map: / / 0 /

Parcel Number:

Special Licenses:

Current Financing:

Gross Income: 202200 (Scheduled: )

Net Operating Income: 160000

Operating Expense: (Water/Sewer: , Insurance: )

Financial Data Source:

APOD Available: No

Tenant Pays:

Rent Includes:

Total Actual Rent: 11750

Lease Term: (Existing Type: )

Deposit Required: (Security: , First Month: , Last Month: )

Insurance Required:

References Required:

Listing & Agent Information

Listing Agent: (MLS ID: TM343886) / Team: CT009690

Listing Office: (MLS ID: AN2383)

Agent (Property): 57

Buyer Agent MLS ID:

Buyer Office MLS ID:

Listing Agreement: Exclusive Right To Sell

Listing Contract Date: 2023-04-04

Expiration Date: 1900-01-01

Original List Price: 2950000

Price Per SqFt (List): 529.29

Market Time (Property): 659 (Broker: 659, Prev Broker: , Prev Property: 0)

MLS Status: Active

Possession:

Directions: Corner of Springer St and East 7th St

Disclosures: Water,sewer,heat,and hot water are included in the monthly rent., Y

Lead Paint: Unknown

Title 5:

Exclusions:

Contingency:

Special Listing Conditions:

Lender Owned:

Short Sale Lender Approval Required:

Home Warranty Y/N:

Documents Available: (Count: )

Showings Deferral Date:

Open House Flag:

Listing Alert: No

Square Feet Disclosures: (Incl. Base: Yes, Other: )

Master Book/Page: / (Page: 0)

Sale Information (if applicable)

Close Date:

Close Price:

Price Per SqFt (Sold):

Anticipated Sold Date:

Concessions Amount:

Purchase Contract Date:

Sold vs Rent:

System Information

Property ID: 1661294

Modification Timestamp: 2025-01-22T20:56:00.000Z

Bridge Modification Timestamp: 2025-01-22T21:07:21.527Z

Original Entry Timestamp: 2023-04-04T20:41:00.000Z

Status Change Timestamp: 2024-06-14T09:22:00.000Z

Off Market Date:

Development Status:

Business Type:

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