197 Havre St, Boston, MA 02128
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$3,800,000
5 Unit
9 Beds
6 Baths
4703 SQFT
0.06 Acre

Property Description

VALUE ADD Work finishing up and VALUE ADD for the savvy investor, for this amazing spacious 5 family in A+ location. Brand new 5-unit 4-story condo/apartment building. Havre Street is mostly new apartment and condominium buildings; located next to the tunnel and airport and highly sought as both condominium and rental buildings. The current owner would provide a second $300,000 at 1% 10-year balloon mortgage giving instant equity and market time to gain further. 2024 appraisal is $3,800,000, value in East Boston up 7% in the last year, new owner winning big. Get this cash cow for a short down payment. Great 1030 exchange or portfolio builder. ** Note: property hitting individual unit sales Monday July 7 if some savvy group does not snap up this amazing opportunity. Open house: Thursday 6/19 and Friday 6/20 11-2.

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 6
  • Total Bedrooms: 9
  • Total Full Baths: 5
  • Total Half Baths: 1
  • Amenities: Golf Course, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, T-Station, University
  • Common Rooms: Family Room, Kitchen
  • Common Interior Features: Bathroom with Shower Stall, Crown Molding, Slider, Stone/Granite/Solid Counters, Tile Floor
  • Common Appliances: Dishwasher - ENERGY STAR, Disposal, Dryer - ENERGY STAR, Refrigerator - ENERGY STAR, Wall Oven, Washer - ENERGY STAR, Washer Hookup
  • Common Heating: Common, Heat Pump, Steam
  • Common Cooling: Heat Pump

Financial

  • APOD Available: No
  • Expenses Source: Not Available
  • Gross Operating Income: 245988
  • Net Operating Income: 245988

Utilities

  • Heat Zones: 15
  • Cooling Zones: 15
  • Electric Info: 100 Amps, 200 Amps, Circuit Breakers, Individually Metered, Other (See Remarks), Underground, Varies per Unit
  • Energy Features: Insulated Doors, Insulated Windows
  • Utility Connections: for Electric Dryer, for Electric Oven, for Electric Range, Icemaker Connection, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Hot Water
  • Under Lease: No
  • Floors: 3
  • Levels: 2

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 2025
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Cement Board, Conventional (2x4-2x6), Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Rubber
  • Flooring Type: Concrete, Hardwood, Tile, Wood
  • Lead Paint: None
  • Year Round: Yes
  • Warranty: Yes

Other Information

  • MLS ID# 73380477
  • Last Updated: 06/21/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/21/2025Active$3,800,000$808MLSPIN
06/17/2025Back on Market$3,800,000$808MLSPIN
05/30/2025Temporarily Withdrawn$3,195,000$679MLSPIN
05/27/2025New$3,195,000$679MLSPIN
05/08/2025Expired$3,785,000$804MLSPIN
03/04/2025Temporarily Withdrawn$3,785,000$804MLSPIN
02/08/2025Active$3,785,000$804MLSPIN
02/04/2025Price Change$3,785,000$804MLSPIN
02/01/2025Expired$3,749,000$796MLSPIN
01/20/2025Active$3,749,000$796MLSPIN
01/16/2025Price Change$3,749,000$796MLSPIN
01/07/2025Active$3,633,000$772MLSPIN
01/03/2025Price Change$3,633,000$772MLSPIN
12/23/2024Active$3,649,000$775MLSPIN
12/19/2024Price Change$3,649,000$775MLSPIN
12/09/2024Active$3,684,000$782MLSPIN
12/05/2024Price Change$3,684,000$782MLSPIN
11/11/2024Active$3,799,000$807MLSPIN
11/07/2024New$3,799,000$807MLSPIN

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Seller's Representative: Derek Greene, The Greene Realty Group
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-06-21 03:05:00