16 Norwell St, Boston, MA
17 Days on Boardwalk PropertiesPrice Reduced $100,000
0
16 Norwell St, Boston, MA 02121
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$1,049,000
3 Unit
8 Beds
3 Baths
2627 SQFT
0.04 Acre

Property Description

Are you looking to build equity through cosmetic improvements and generate consistent rental income along the way? This Row-End three-family is a fantastic investment opportunity! Featuring one 2-bedroom apartment and two 3-bedroom apartments, this property offers you versatility, and potential long-term value. Each of the units has accommodating living space with well-appointed kitchens, and updates that the blend modern conveniences with the timeless charm expected of an 1890 build. The solid brick exterior offers durability and low maintenance, while the property's location provides quick access to public transportation, shopping, and dining. Newer Electrical, Updated Bathrooms & Kitchens, 3 New Hot Water Tanks, 2 New Boilers and Coin Op Laundry located in the basement. Each apartment is separately metered and has received a Lead Inspector's Letter of Compliance!

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 8
  • Total Full Baths: 3
  • Amenities: Public Transportation, T-Station
  • Basement Features: Concrete Floor, Full, Walk Out
  • Common Interior Features: Tile Floor
  • Common Appliances: Dishwasher, Microwave, Range, Refrigerator

Financial

  • APOD Available: No
  • Expenses Source: Projected
  • Gross Operating Income: 104000
  • Gross Expenses: 20871
  • Net Operating Income: 83484

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1890
  • Type: 3 Family
  • Construction Type: Brick
  • Foundation Info: Poured Concrete
  • Roof Material: Rubber
  • Flooring Type: Tile, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73332417
  • Last Updated: 02/20/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
02/20/2025Price Change$1,049,000$399MLSPIN
02/09/2025Active$1,149,000$437MLSPIN
02/05/2025New$1,149,000$437MLSPIN

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Seller's Representative: Adrian King, EVO Real Estate Group, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-02-20 19:57:00