8 Colonial Ave, Boston MA 02124
Boston, MA 02124 • Dorchester's Codman Square
$1,200,000
$1,100,000
Est. $6,562/month
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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)
97 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
Floor Layout
Interactive room guide
Floor Layout
Finished Area
3,469 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch, Screened
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:
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
3 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
D
Lee Academy
0.3 mi
|
#12 of 12
|
Score: 28.1
Improved 702 spots from last year
-30.1 below state avg
195 students
Diverse
Rising School
Diverse Student Body
Grades PK-03
Middle Schools
1 school
Epiphany School
0.5 mi
Grades 05-08
High Schools
3 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
Urban Achievers School
0.5 mi
Grades 09-12
C
Boston International High School & Newcomers Academy
0.7 mi
|
#20 of 25
|
Score: 27.0
Improved 361 spots from last year
-31.2 below state avg
490 students
Diverse
12 sports
• 421 athletes
Rising School
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$800
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
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
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
Aug 10, 2026 11:29 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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