Investment Analysis — 74 Leonard St

Boston, MA 02122

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 02122 carries an estimated $3,360/mo in gross rent — about a 3.65% cap rate and $25,516/yr in estimated NOI at the $699,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,244

Style

Single Family

Built

1890

At 74 Leonard St, Boston, MA, a distinguished single-family residence constructed in 1890 offers 1244 square feet of refined living space. This property presents a unique opportunity to acquire a piece of Boston's architectural heritage, thoughtfully maintained to honor its original character while accommodating contemporary life. The residence encompasses two well-proportioned bedrooms, providing private retreats for occupants. Complementing these sleeping quarters are one full bathroom and one half bathroom, meticulously appointed to cater to daily needs with both convenience and style. With a lot size of 1520 square feet, this property provides a foundational presence within its urban setting. We invite you to discover the distinctive appeal of this residence. Showings at Open House!

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 622 sq ft (the lesser of 900 sq ft or half the 1,244 sq ft principal dwelling). Lot size: 1,520 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

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 MLS and other third-party data may be inaccurate or out of date.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