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Patrick Foran

Foran Realty, Inc

pforan@foranrealty.com +1(508) 385-1355

$ 2,050,000

Est. payment | -/mo

12 Beds

4.5 Baths

3,957 SqFt

Save Virtual Tour

$ 2,050,000

Est. payment | -/mo

Save Virtual Tour

12 Beds

4.5 Baths

3,957 SqFt

Open House

Sat Aug 22, 12:00pm - 1:30pm

Key Details

Property Type Multi-Family

Sub Type 3 Family - 3 Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 3,957 sqft

Price per Sqft $518

MLS Listing ID 73562386

Bedrooms 12

Full Baths 3

Half Baths 3

Year Built 1905

Annual Tax Amount $23,436

Tax Year 2027

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type 3 Family - 3 Units Up/Down

Property Description

19 Pleasant Street presents a rare opportunity to acquire a fully leased, high-performing multifamily asset in the heart of Savin Hill. Offering 12 bedrooms, 3 full bathrooms, 3 half bathrooms, and 4 off-street parking spaces, the property currently generates approximately $13,650 per month in rental income, and is being offered at a 6.44 Cap Rate. Renovated approximately 10 years ago, the building combines classic Boston Victorian Architecture with the finishes today's rental market demands. Granite countertops, stainless steel appliances, Central HVAC, hardwood floors, updated kitchens and baths, gas fireplaces in select units, and oversized private decks create a rental product that continues to attract strong demand. Four off-street parking spaces add another increasingly valuable amenity. But, the bigger story is what is happening around it. Savin Hill sits directly in the path of significant investment and redevelopment. South Bay has already transformed into a major mixed-use destination with new housing, restaurants, retail and entertainment. To the east, Columbia Point is entering another chapter of growth, led by Dorchester Bay City and additional planned development along the Morrissey Boulevard corridor.For an investor, that creates an attractive combination: strong existing income, a renovated and stabilized asset, and long-term exposure to one of Boston's most significant emerging development corridors.Minutes from Savin Hill and JFK/UMass Red Line stations, UMass Boston, South Bay, Columbia Point, beaches and downtown Boston, 19 Pleasant offers something increasingly difficult to replicate: scale, parking, strong rents and future upside in a supply-constrained Boston neighborhood. The income is already here. The neighborhood's next chapter is still being built.

Location

State MA

County Suffolk

Area Dorchester'S Savin Hill

Zoning 3F-5000

Direction Google Maps

Rooms

Basement Full, Unfinished

Interior

Interior Features Storage, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, High Speed Internet, Living Room, Kitchen, Laundry Room

Heating Central

Cooling Central Air

Flooring Wood, Tile, Hardwood

Fireplaces Number 1

Appliance Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Exterior Feature Balcony/Deck

Fence Fenced/Enclosed, Fenced

Community Features Public Transportation, Shopping, Park, Public School, T-Station, University

Utilities Available for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup

Waterfront Description 1 to 2 Mile To Beach,Beach Ownership(Public)

Roof Type Rubber

Total Parking Spaces 4

Garage No

Building

Lot Description Corner Lot, Level

Story 4

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

Virtual Tour https://my.matterport.com/show/?m=sCVMuDwzDnv

Listed by Compass

Nearby Locations

The buying and selling process is all about YOU. Whether you're a first time home buyer or a seasoned investor, I custom tailor my approach to suit YOUR needs.

Don't hesitate to reach out even for the most basic questions. I'm happy to help no matter where you are in the process.

+1(508) 385-1355

pforan@foranrealty.com

543 Main St, Dennis, Massachusetts 02638, United States

19 Pleasant St Boston, MA 02125