Unit Information
Fully renovated, fully leased, and positioned in the heart of Savin Hill, this three-family offers investors the rare combination of strong in-place income, modern condition, and long-term upside. Renovated in 2021, the property features three spacious 3-bedroom, 2-bath residences with hardwood floors, shaker-style cabinetry, stainless steel appliances, central air conditioning, private rear decks, and separate laundry in the basement. All three units are leased through August 31, 2027, generating current gross rents of $11,650 per month and $139k annually. The pro forma projects gross rents increasing to $146,790 for the 2027–2028 rental cycle, with a projected 7.0% cap rate at rent stabilization. The location further strengthens the investment story, with convenient access to the JFK/UMass Red Line station, UMass Boston, Carson Beach, South Bay, and the continued development of Columbia Point. With easy access to Downtown Boston, the Seaport, major highways, neighborhood restaurants, parks, and the waterfront, this is a compelling opportunity to acquire a stabilized, income-producing asset in one of Dorchester’s most dynamic and well-connected neighborhoods.
- Additional Details
- Status: NEW
- Type: Multi-Family, Triplex
- Area: Dorchester's Savin Hill
- Zip Code: 02125
- Levels: 3
- Parking
- Parking: On Street
- Rooms and Dimensions
- Total Units: 3
- Total Floors: 3
- Total Rooms: 15
- Has Basement: Yes
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$1,800,000
- Status: New
- Listing ID: 73577184
- Bedrooms: 9
- Full Baths: 6
- Living Area: 3,396 sqft Convert
- Lot Size: 2,312 sqft Convert
- Acres: 0.05
View description
Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |