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40-42 Coleman St Boston — Photo 1 of 37

40-42 Coleman St Boston — Photo 1 of 37

$1,199,900

Investment Analysis — 40-42 Coleman St

Boston, MA 02125 — Dorchester's Uphams Corner

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-unit multi-family in 02125 carries an estimated $6,780/mo in gross rent — about a 4.46% cap rate and $53,502/yr in estimated NOI at the $1,199,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

10

Baths

3

SqFt

3,470

Style

Multi Family

Built

1905

Welcome to 40-42 Coleman St. This property is a gem, well maintained and a rare find. Perfect for owner occupants or investors looking for a strong rental market. It's very rare to find a two-family home with 5 bedrooms and 1.5 baths per unit in the Dorchester area. The three season porches can be converted into a another room. The basement is clear and open and ready to be transformed into an ADU. Off street parking with this property is such a great convenience in this area. The half baths on both floors can easily be converted to full baths by adding a shower. The back yard is perfect for those special occasions, holiday cookouts and family gatherings. Whether you are looking for a place to grow into or a great investment opportunity, this property delivers with size and condition. There's also a community garden across the street for you, if you choose to use it. Come and see for yourselves and bring your imagination. The possibilities are endless.

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 MLS and other third-party data may be inaccurate or out of date.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$1,199,900
Annual Taxes$8,332

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms18
FireplacesNone
FlooringHardwood
BasementFull

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofRubber
FoundationStone
ZoningR2

Property & Lot

Acres0.11
SqFt Lot5,000
Lot Features--

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access

Geography

Listing Provided By

Listing Agent: Paul A. Morrison

Listing Office: Keller Williams Realty

MLS® Number: 73552881