8 Colonial Ave, Boston MA 02124
Boston, MA 02124 • Dorchester's Codman Square
$1,200,000
$1,100,000
Est. $6,562/month
About this home
Turnkey 3-family in the heart of Codman Square — fully tenanted & cash-flowing from day one! This meticulously renovated triple-decker offers two 3BR units & one 2BR unit generating $8,425/mo in current gross income with a clear path to $9,400/mo at market rents. Over $195,000 in capital improvements including lifetime metal roof, 400-amp electrical upgrade, HVAC mini splits, new kitchens & flooring, updated plumbing & refinished hardwoods. Lead certificates in hand — no delays, no surprises. Ideal for investors seeking strong in-place income or an owner-occupant looking to live affordably while the other units pay the mortgage. Codman Square offers unbeatable convenience — walk to MBTA Commuter Rail (Talbot Ave) with direct access to South Station, surrounded by shops, dining & services with continued neighborhood appreciation. A rare, move-in ready opportunity in one of Boston's most connected and high-upside neighborhoods. Do not disturb tenants.
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Recently Sold Nearby
Property History
Market Insights
3
Price Changes
25.8%
Price Range
1
Previous Sales
Property Timeline
Price Reduced
Jul 25, 2026
$1,100,000
$45,000
(-3.93%)
From $1,145,000 to $1,100,000 (-3.9%)
Price Reduced
Jun 8, 2026
$1,145,000
$20,000
(-1.72%)
From $1,165,000 to $1,145,000 (-1.7%)
Price Reduced
May 26, 2026
$1,165,000
$35,000
(-2.92%)
From $1,200,000 to $1,165,000 (-2.9%)
Listed for Sale
May 5, 2026
$1,200,000
Original listing
Agent: The Avenue
Office: Serhant
Previous Transaction - MLS #73286987
Full transaction history available when tracking began
Previously Sold
Dec 18, 2024
$890,000
MLS #73286987
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/25/2026 | ↓ Price Reduced | $1,100,000 | $45,000 | - | From $1,145,000 to $1,100,000 (-3.9%) |
| 06/08/2026 | ↓ Price Reduced | $1,145,000 | $20,000 | - | From $1,165,000 to $1,145,000 (-1.7%) |
| 05/26/2026 | ↓ Price Reduced | $1,165,000 | $35,000 | - | From $1,200,000 to $1,165,000 (-2.9%) |
| 05/05/2026 | 🏠 Listed for Sale | $1,200,000 | - | - | Original listing |
| 12/18/2024 | 🏷️ Previously Sold | $890,000 | - | - | MLS #73286987 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $9,595 | $828,600 |
Financial Details
Annual Property Tax
$9,595
Tax Year 2025
Assessed Value
$828,600
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family
Year Built
1895
Living Area
3,469 sq ft
Lot Size
0.09 acres
Bedrooms
8
Full Baths
3
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
$3,175/mo · N
Unit 2 Rent
$2,800/mo · N
Unit 3 Rent
$2,350/mo · N
Total Monthly Rent
$8,325/mo
Gross Income
$101,100
Net Operating Income
$97,453
Operating Expenses
$3,647
Water/Sewer Expense
$2,187
Electric Expense
$260
Cap Rate
8.86%
Interior
Heating
None
Cooling
None
Flooring
Hardwood
Appliances
None
Fireplace
None
Basement
Unfinished
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Metal
Features
Rain Gutters, Other
Pool
None
Spa
None
Fencing
Fenced/enclosed
Patio/Porch
Porch, Screened
Parking
Features
Paved Drive, Off Street, Tandem, On Street, Paved
Total Spaces
2
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Electric Range, For Gas Oven, For Electric Oven
Financial
Annual Tax
$9,595
Assessed Value
$828,600
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
Agent Is Owner | Units Can Be Delivered Vacant Or Leases Can Be Acquired Prior To Closing (all Current Taw) At Market Rates | Recent Appraisal In Hand | Lead Certs In Hand
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Blue
Sq Ft Source
Public Record
Documents
None
County
Suffolk
Total market time (incl. prior listings)
81 days
Property Overview
Property Type
3 Family
Listing Type
For Sale
Year Built
1895
Bedrooms
8
Full Bathrooms
3
Living Area
3,469 sq ft
Total Rooms
15
Stories
3
Levels
3
Room Details
Other Floor
Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom
Interior Features
Flooring:
Hardwood
Appliances:
Interior Features:
Windows:
Basement:
Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1895
Structure Type:
Exterior Materials:
Frame
Roof:
Metal
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Rain Gutters, Other
Patio & Porch:
Porch, Screened
Fencing:
Fenced/Enclosed
Other Structures:
Lot Features:
Other
Road Surface:
Parking & Garage
Total Parking Spaces:
2
Parking Features:
Paved Drive, Off Street, Tandem, On Street, Paved
Special Features
View:
Yes
View Type:
City View(s), City
Community Amenities:
Public Transportation, Shopping, Tennis Court(s), Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, University, Other
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
10 schools
C-
Codman Academy Charter Public School
0.2 mi
|
#293 of 346
|
Score: 40.3
Dropped 9 spots from last year
-17.9 below state avg
344 students
Moderate
College Ready Curriculum
Grades PK-12
D
Lee K-8 School
0.3 mi
|
#335 of 352
|
Score: 27.1
Improved 8 spots from last year
-31.1 below state avg
551 students
Diverse
Grades PK-08
C-
Holmes Elementary School
0.4 mi
|
#710 of 824
|
Score: 34.7
Dropped 24 spots from last year
-23.5 below state avg
283 students
Diverse
Grades PK-06
D
Greenwood Sarah K-8 School
0.5 mi
|
#334 of 352
|
Score: 27.2
Same rank as last year
-31 below state avg
357 students
Less Diverse
Grades PK-08
C-
UP Academy Charter School of Dorchester
0.7 mi
|
#308 of 352
|
Score: 30.7
Dropped 17 spots from last year
-27.5 below state avg
640 students
Diverse
Grades PK-08
D
Henderson K-12 Inclusion School Upper
0.7 mi
|
#315 of 346
|
Score: 34.7
Improved 34 spots from last year
-23.5 below state avg
631 students
Diverse
Rising School
Diverse Student Body
Grades 02-12
D
Shaw Elementary School
0.9 mi
|
#783 of 824
|
Score: 29.8
Improved 54 spots from last year
-28.4 below state avg
528 students
Moderate
Rising School
Grades PK-06
Berea SDA Academy
0.9 mi
Grades PK-08
A
Brooke Charter School Mattapan
1.0 mi
|
#45 of 346
|
Score: 67.9
Improved 79 spots from last year
+9.7 above state avg
2,216 students
Diverse
Rising School
College Ready Curriculum
Grades K-12
C-
UP Academy Holland School
1.1 mi
|
#721 of 824
|
Score: 34.1
Improved 98 spots from last year
-24.1 below state avg
641 students
Diverse
Rising School
Grades PK-06
Middle Schools
10 schools
Epiphany School
0.5 mi
Grades 05-08
Dearborn Middle School
1.2 mi
Mother Caroline Academy
1.3 mi
Grades 05-08
A
Uncommon Schools - Roxbury Preparatory Dorchester Campus Middle School
1.4 mi
|
#4 of 16
|
Score: 41.9
Improved 187 spots from last year
-16.3 below state avg
1,126 students
Diverse
Rising School
College Ready Curriculum
Grades 05-08
F
Higginson/Lewis K-8 School
2.2 mi
|
#349 of 352
|
Score: 23.6
Improved 3 spots from last year
-34.6 below state avg
213 students
Diverse
Grades 03-08
Nativity Prep School
2.5 mi
Grades 05-08
Middle School Academy
3.2 mi
C
Ohrenberger School
4.3 mi
|
#265 of 352
|
Score: 34.9
Improved 20 spots from last year
-23.3 below state avg
477 students
Diverse
Rising School
Diverse Student Body
Grades 03-08
Frederick Pilot Middle
1.3 mi
McCormack Middle
2.5 mi
High Schools
10 schools
B+
TechBoston Academy
0.4 mi
|
#11 of 25
|
Score: 34.1
Improved 349 spots from last year
-24.1 below state avg
850 students
Diverse
Rising School
Grades 07-12
A+
Boston Latin Academy
1.8 mi
|
#2 of 25
|
Score: 63.9
Improved 214 spots from last year
+5.7 above state avg
1,693 students
Very Diverse
17 sports
• 1,298 athletes
High Graduation Rate
Rising School
Strong Athletics
Diverse Student Body
Grades 07-12
D
English High School
2.1 mi
|
#324 of 346
|
Score: 29.7
Improved 34 spots from last year
-28.5 below state avg
720 students
Moderate
8 sports
• 332 athletes
Rising School
Career Tech Programs
Grades 07-12
Meridian Academy
2.1 mi
Grades 06-09
B-
Margarita Muniz Academy
2.3 mi
|
#14 of 25
|
Score: 31.3
Improved 349 spots from last year
-26.9 below state avg
428 students
Less Diverse
Strong AP Program
Rising School
Grades 07-12
C
Ruth Batson Academy
2.5 mi
|
#19 of 25
|
Score: 27.6
Improved 346 spots from last year
-30.6 below state avg
604 students
Diverse
8 sports
• 128 athletes
Early College Program
Rising School
Grades 07-12
B
Dearborn STEM Academy
2.5 mi
|
#13 of 25
|
Score: 31.7
Improved 356 spots from last year
-26.6 below state avg
565 students
Diverse
10 sports
• 242 athletes
Early College Program
Rising School
Grades 07-12
A-
Boston Preparatory Charter Public School
2.7 mi
|
#8 of 25
|
Score: 41.6
Improved 287 spots from last year
-16.6 below state avg
700 students
Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
A-
O'Bryant School of Math & Science
2.9 mi
|
#90 of 346
|
Score: 61.1
Improved 94 spots from last year
+2.9 above state avg
1,509 students
Very Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Diverse Student Body
Grades 07-12
C+
New Mission High School
2.9 mi
|
#240 of 346
|
Score: 47.3
Improved 88 spots from last year
-10.9 below state avg
715 students
Diverse
13 sports
• 458 athletes
Early College Program
High Graduation Rate
Rising School
Diverse Student Body
Grades 07-12
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Year 15
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Location
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Neighborhood
Dorchester's Codman Square
8 Colonial Ave, Boston MA 02124
Boston, MA 02124
Listing Information
Listing Agent
The Avenue
Listing Office
Serhant
Office Phone
617-250-0559
Agent MLS ID
TM362839
Office MLS ID
AN9455
Listing Data Updated
Jul 25, 2026 10:59 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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