19 South Russell Street
$3,750,000
4
Beds
9
Baths
3,240
Sqft
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$3,750,000
4
Beds
9
Baths
3,240
Living Area
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Property Description
19 South Russell Street is a Prime Investment Opportunity in the historic & highly desirable Beacon Hill neighborhood. This Legal Nine-Unit Building has Excellent Rental History and is located just steps from Massachusetts General Hospital and Suffolk University. The unit mix includes Four (4) 1-bedroom/1-bath units and Five (5) studios with full baths. With an existing income stream and significant value add potential, this property provides stable cash flow and the opportunity for long-term appreciation in a high-demand market. Public transportation is abundant, with Red, Green, Orange, and Blue Lines all easily accessible to ensure seamless access to every part of the city. In-place rents are below market, presenting a significant opportunity to increase NOI by adjusting rents to current market rates. This property is for the savvy investor seeking to capitalize on Beacon Hill’s historic appeal while meeting the demand for well-located, modern rental units.
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Highlights
- Area: Beacon Hill
- Property Class: Residential Income
- Stories: 4
- Year Built: 1899
- Levels: 4
- Property Type: 5-9 Family
- Total Rooms: 13
- Status: Active
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Additional Details
- Basement: Full, Partially Finished
- Lot Features: Other
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Res
- Foundation: Granite
- Road Frontage Type: Public
- Total Number of Units: 9
- Year Built Source: Owner
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, T-Station, University
- Parking Features: On Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,926,100
- Compensation Based On: Gross/Full Sale Price
- Tax Year: 2025
- Total Rent: $17,600
- Buyer Agent Compensation: 2%
- Rental Fee Includes: Unit 1(Heat, Gas, Water, Hot Water), Unit 2(Heat, Gas, Water, Hot Water)
- Taxes: $22,304
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Listing information provided courtesy of Core Property Group LLC.
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