48 Boylston St
$2,300,000
6
Beds
6
Baths
4,992
Sqft
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$2,300,000
6
Beds
6
Baths
4,992
Living Area
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Property Description
UNLOCK A LUCRATIVE INVESTMENT OPPORTUNITY: Own a Classic 6-Unit Multi-Family Gem in Central JP! This exceptional 6-unit multi-family building in the heart of JP. Prime location just minutes from the train station & the vibrant shops of Centre St., All units in this classic central entrance building are currently leased, offering immediate income potential. Spacious 1-bedroom/4-room unit features a generous living room, dining room & kitchen, private bedrooms at the rear of each unit provide a peaceful retreat. Major renovations undertaken in 2002 ensure that this property is well-maintained & move-in ready. A newer heating system, vinyl siding & newer windows contribute to its energy efficiency & overall appeal. With 5 of the 6 units currently TAW & rents currently below market value, there is tremendous potential for increased revenue. The pro forma for Fiscal Year 7/25 projects an impressive annual gross income of $183,000 & a promising cap rate of 6.2%.
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Highlights
- Area: Jamaica Plain
- Heating: Steam, Oil, Common
- Property Class: Residential Income
- Stories: 9
- Year Built: 1905
- Cooling: Wall Unit(s)
- Levels: 9
- Property Type: 5+ Family - 5+ Units Side by Side
- Total Rooms: 24
- Status: Active
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Additional Details
- Appliances: Washer, Dryer, Dishwasher, Disposal, Refrigerator
- Construction: Frame
- Foundation: Granite
- Lot Features: Level
- Roof: Rubber
- Total Number of Units: 6
- Year Built Source: Public Records
- Basement: Full
- Flooring: Hardwood, Stone/Ceramic Tile
- Interior Features: Storage, Crown Molding, Laundry Room, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Remodeled, Living Room, Dining Room, Kitchen
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Renovated Since
- Zoning: R4
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Amenities
- Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, House of Worship, Private School, Public School, T-Station, University
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,270,000
- Compensation Based On: Net Sale Price
- Tax Year: 2024
- Total Rent: $15,250
- Buyer Agent Compensation: 2.5%
- Rental Fee Includes: Unit 1(Heat, Water)
- Taxes: $13,843
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Content © 2025 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Focus Real Estate.
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