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You are here:
595 Days on Boston Pads
22 Photos
$3,000,000
6 Unit
9 Beds
8 Baths
5668 SQFT
0.08 Acre
493-495 E 7th St
Boston, MA 02127

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!

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 9
  • Total Bedrooms: 9
  • Total Full Baths: 8
  • Basement Features: Full, Partially Finished, Walk Out
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: No
  • Gross Operating Income: 202200
  • Net Operating Income: 160000

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Windows
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Construction

  • Year Built: 1905
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Parquet, Tile
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73094948
  • Last Updated: 08/20/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
06/18/2024Active$3,000,000$529MLSPIN
06/14/2024Extended$3,000,000$529MLSPIN
06/24/2023Active$3,000,000$529MLSPIN
06/20/2023Extended$3,000,000$529MLSPIN
05/21/2023Active$3,000,000$529MLSPIN
05/17/2023Price Change$3,000,000$529MLSPIN
04/08/2023Active$2,950,000$520MLSPIN
04/04/2023New$2,950,000$520MLSPIN

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Map & Resources

St Peter Academy

Private School, Grades: K - 8

0.09mi

Excel High School

Public Secondary School, Grades: 9-12

0.22mi

Tynan Elementary School

Public Elementary School, Grades: PK-6

0.23mi

Shamrock Pub

Bar

0.06mi

Stats Bar & Grille

Bar

0.34mi

Starbucks

Coffee Shop

0.36mi

Boston Bagel Company

Sandwich (Cafe)

0.37mi

Molly Moo's

Ice Cream (Cafe)

0.44mi

Roza Lyons

Restaurant

0.3mi

Petula’s

Restaurant

0.32mi

Fat Baby

Asian Restaurant

0.34mi

Boston Fire Department Engine 2, Ladder 19

Fire Station

0.27mi

The Distillery Gallery

Gallery

0.37mi

Thomas Park

National Park

0.23mi

Lincoln Square

Park

0.38mi

Joe Moakley Park

Municipal Park

0.38mi

Medal of Honor Park

Municipal Park

0.46mi

South Boston Bowlarama

Bowling Alley

0.24mi

Bank of America

Bank

0.39mi

South Boston Branch Library

Library

0.28mi

Stop & Shop

Supermarket

0.32mi

E 8th St @ H St

11

0.05mi

E 8th St @ I St

11

0.07mi

E 8th St @ H St

11

0.07mi

E 8th St @ I St

11

0.07mi

E 8th St @ K St

11

0.17mi

E 8th St @ G St

11

0.17mi

E 8th St @ K St

11

0.18mi

E 8th St @ G St

11

0.19mi

Seller's Representative: Aranson Maguire Group, Compass
MLS ID#: 73094948

© 2024 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-08-20 05:13:00

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