Investment Analysis — 38 P St #1

Boston, MA 02127 — South Boston

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02127 carries an estimated $3,790/mo in gross rent — about a 2.51% cap rate and $22,548/yr in estimated NOI at the $899,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

979

Style

Condominium

Built

2020

Welcome home to Unit 1 at 38 P Street, a beautifully appointed 2-bedroom, 1-bath residence in one of South Boston's most desirable pockets. Rich white oak flooring flows throughout, paired with custom built-ins and cabinetry that lend warmth and function to every room. The kitchen is outfitted with a blend of stainless steel and paneled appliances, while a cozy gas fireplace anchors the living space for year-round comfort. The second bedroom offers flexibility for a home office, guest space, or nursery. Step outside to your own private deck, perfect for morning coffee or evening unwinding, and enjoy the ease of in-unit washer and dryer plus a coveted garage parking space.Just steps from the action, this location puts you close to Castle Island and the connected beaches of Pleasure Bay, M Street Beach, and Carson Beach, with the paved Boston Harbor Path running along the water toward Castle Island and Fort Independence for walking, running, or biking. Nearby Joe Moakley Park offers sports fields, basketball and tennis courts, playgrounds, and walking paths, rounding out a neighborhood rich with green space and waterfront recreation. With easy access to East Broadway's shops and restaurants, South Boston's commuter connections, and the area's signature coastal lifestyle, this is city living with a beach-town feel.

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 MLS and other third-party data may be inaccurate or out of date.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.