515 Norfolk St, Boston, MA 02126
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$1,488,000
4 Unit
10 Beds
4 Baths
5237 SQFT
0.32 Acre

Property Description

Introducing an exceptional investment opportunity to acquire a substantially large 4-unit BOSTON property in the heart of Mattapan, sitting on a generous 14,000 sq ft lot! Perfect for an investor or a buyer looking to owner occupy! Situated in a thriving Boston- Mattapan neighborhood with convenient access to public transit and just moments away from Downtown Boston, this building boasts 4 very spacious units, ample on-site parking, garage space, separately metered utilities, and efficient systems. This building is currently a well stabilized cash cow; with significant potential to increase rents and enhance cash flow. The property showcases excellent value with tremendous potential for rent increases. Capitalize on the thriving momentum in Mattapan while unlocking substantial growth potential for the future. Mattapan Square is minutes away & the building is centrally located in one of Boston's most accessible neighborhoods. This is THE premier investment opportunity of the year!

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 8
  • Total Bedrooms: 10
  • Total Full Baths: 4
  • Amenities: Bike Path, Golf Course, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Full

Financial

  • APOD Available: Yes
  • Gross Operating Income: 145980
  • Net Operating Income: 145980

Utilities

  • 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: No
  • Floors: 1
  • Levels: 2

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1905
  • Type: 4 Family
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73191910
  • Last Updated: 04/26/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/26/2024Active$1,488,000$284MLSPIN
04/22/2024Price Change$1,488,000$284MLSPIN
03/11/2024Active$1,499,000$286MLSPIN
03/07/2024Price Change$1,499,000$286MLSPIN
02/24/2024Active$1,550,000$296MLSPIN
02/20/2024Price Change$1,550,000$296MLSPIN
02/09/2024Active$1,560,000$298MLSPIN
02/05/2024Price Change$1,560,000$298MLSPIN
01/13/2024Active$1,575,000$301MLSPIN
01/09/2024New$1,575,000$301MLSPIN

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Seller's Representative: Markese Daise, Stony Brook & Lennox Realty Advisors
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 2
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-04-26 03:05:00

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