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259 Emerson Street Boston — Photo 1 of 18

259 Emerson Street Boston — Photo 1 of 18

$1,350,000

Investment Analysis — 259 Emerson Street

Boston, MA 02127

Based on rent reported on the MLS listing, a 2-unit multi-family in 02127 carries $8,250/mo in gross rent — about a 4.23% cap rate and $57,094/yr in estimated NOI at the $1,350,000 list price. Adjust every assumption in the calculator below.

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Beds

4

Baths

2

SqFt

1,945

Style

Multi Family

Built

1890

259-261 Emerson is a 2-family located on one most sought after streets in South Boston convenient to the Seaport, Financial District, East Broadway and L Street Beach. The property generates $8,250 per month and is fully leased through 8/31/2027. Unit 1 is a lovely direct-entry 1-bedroom/1bath with a private patio that features a renovated kitchen and bathroom and in-unit laundry. Unit 2 is a direct-entry 3-bedroom/1bath bi-level unit that also has been renovated. This is a great opportunity to invest in arguably the strongest rental market in Boston or take advantage of a future owner-occupied situation.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$1,350,000
Annual Taxes$18,146

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms8
FireplacesNone
FlooringHardwood
BasementFull, Unfinished

Climate & Utilities

HeatingBaseboard, Natural Gas
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter, Stone
ZoningR2

Property & Lot

Acres0.04
SqFt Lot1,612
Lot FeaturesOther

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Freezer • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Laundromat

Geography

Listing Provided By

Listing Agent: Tony Pepdjonovic

Listing Office: Marcus & Millichap Real Estate Investment Services

MLS® Number: 73559400