142 Dorchester Street, Boston MA 02127

Boston, MA 02127 • South Boston
$4,750,000
$4,550,000
Est. $24,084/month
18
Beds
18
Baths
4,908
Sq Ft
$927
Price/Sq Ft
0.11
Acres
1899
Year Built
4
Parking
77
Days on Market
For Sale Price Drop -$200,000 Listed Jun 7, 2026 • MLS# 73531446 Copied! • Updated Aug 19, 2026

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About this home

is pleased to present 142 Dorchester Street, an 18-unit stabilized multifamily asset in South Boston offered at a 6+ cap rate on in-place income.The property operates as a studio apartment building and is delivered fully stabilized and turnkey. All 18 units have been updated with modern kitchens, baths, and flooring. Common areas are modern throughout. The building is fully sprinklered and includes an additional driveway with 4 tandem parking spaces. Each unit is equipped with its own kitchen and bathroom (not shared), individual thermostat control for heat and AC — master HVAC is owner-paid. On-site laundry provides ancillary income.142 Dorchester Street represents one of the few opportunities to acquire scale in South Boston's supply-constrained multifamily market at a sub-$265,000 per-unit basis with no capital requirements to close!

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Recently Sold Nearby

Property History

Market Insights

1
Price Changes
4.2%
Price Range

Property Timeline

Price Reduced
Jul 20, 2026
$4,550,000 $200,000 (-4.21%)
From $4,750,000 to $4,550,000 (-4.2%)
🔧
Property Type Updated
Jun 7, 2026
5-9 Family → 5+ Family - Rooming House
🏠
Listed for Sale
Jun 7, 2026
$4,750,000
Original listing
Office: Grove Property Group

Tax History

Year Taxes Assessment
2026 $10,518 $840,000

Financial Details

Annual Property Tax
$10,518
Tax Year 2026
Assessed Value
$840,000

Facts & Features

Home Facts

Type Residential Income
Style 5+ Family - Rooming House
Year Built 1899
Living Area 4,908 sq ft
Lot Size 0.11 acres
Stories 3
Bedrooms 18
Full Baths 18
Total Rooms 18

Investment Metrics

Units 18
Unit 1 Rent $2,100/mo · Y
Unit 2 Rent $2,000/mo · Y
Total Monthly Rent $4,100/mo
Gross Income $49,200
Net Operating Income $49,200
Cap Rate 1.08%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None
Total Spaces 4
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $10,518
Assessed Value $840,000
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint Unknown
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Suffolk
Total market time (incl. prior listings) 73 days

Property Overview

Property Type
5+ Family - Rooming House
Listing Type
For Sale
Year Built
1899
Bedrooms
18
Full Bathrooms
18
Living Area
4,908 sq ft
Total Rooms
18
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1899
Structure Type:
Exterior Materials:
Roof:
Foundation: Other
Stories: 3

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Corner Lot
Road Surface:

Parking & Garage

Total Parking Spaces: 4
Parking Features:
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
E

Elementary Schools

3 schools
St. Peter Academy School
0.2 mi
Grades PK-08
Perkins Elementary
0.3 mi
F
Condon K-8 School
0.4 mi | #345 of 352 | Score: 24.6
Improved 13 spots from last year
-33.6 below state avg
518 students Diverse
Diverse Student Body
Grades PK-08
M

Middle Schools

3 schools
Middle School Academy
0.2 mi
UP Academy
0.2 mi
McCormack Middle
1.1 mi
H

High Schools

3 schools
Excel High
0.2 mi
F
Boston Collaborative High School
0.2 mi | #389 of 346 | Score: 22.8
Dropped 2 spots from last year
210 students Diverse
Grades 09-12
F
Excel High School
0.2 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
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Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $877
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
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

South Boston

142 Dorchester Street, Boston MA 02127

Boston, MA 02127

Listing Information

Listing Agent GPG Team
Listing Office Grove Property Group
Office Phone 617-812-9035
Agent MLS ID TM353587
Office MLS ID AN7879
Listing Data Updated Aug 19, 2026 2:16 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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Steve Novak Real Estate
Steve Novak Real Estate
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