577 Massachusetts Ave, Boston, MA 02118
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$5,300,000
4 Unit
9 Beds
7 Baths
5435 SQFT
0.05 Acre

Property Description

Don’t miss this rare opportunity to own a gut-renovated four-family investment property in Boston’s coveted South End. This historic brick row house features four never-lived-in units, offering the potential to achieve superior rents. The building includes two 2-bed/1-bath apartments, one 2-bed/2-bath apartment, and a massive 3 bed/2.5-bath penthouse duplex, with an additional loft level. Extensive renovations, featuring brand new utilities and mechanical systems, provide investors with the assurance that their property is well-equipped for long-term success. Private outdoor space, in-unit laundry, and central heating and cooling make this property stand out among comparable rental options. An easy condo-conversion alternative also provides investors with the option to sell as condos in the future. Ideally located near universities, public transportation, and the city’s best amenities, 577 Mass Ave is truly a prime investment opportunity.

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 10
  • Total Bedrooms: 9
  • Total Full Baths: 6
  • Total Half Baths: 1
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, University
  • Common Rooms: Dining Room, Family Room, Kitchen, Living Room, Loft, Office/Den
  • Common Interior Features: Bathroom with Shower Stall, Intercom, Other (See Remarks), Storage, Tile Floor
  • Common Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Vent Hood, Wall Oven, Washer
  • Common Heating: Central Heat, Electric, Extra Flue, Gas, Heat Pump
  • Common Cooling: Central Air

Financial

  • APOD Available: No

Utilities

  • Heat Zones: 5
  • Cooling Zones: 5
  • Electric Info: 110 Volts, 200 Amps, 220 Volts, At Street, Circuit Breakers, On-Site, Underground
  • Utility Connections: for Electric Oven, 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: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

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

Unit 4 Description

  • Under Lease: No
  • Floors: 4
  • Levels: 2

Construction

  • Year Built: 1920
  • Type: 4 Family
  • Construction Type: Aluminum, Brick, Frame, Stone/Concrete
  • Foundation Info: Brick, Granite, Slab
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73308669
  • Last Updated: 11/05/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/05/2024Active$5,300,000$975MLSPIN
11/01/2024New$5,300,000$975MLSPIN
08/18/2024Active$2,149,000$964MLSPIN
08/18/2024Active$1,099,000$1,129MLSPIN
08/14/2024New$2,149,000$964MLSPIN
08/14/2024New$1,099,000$1,129MLSPIN
08/05/2024Active$1,275,000$901MLSPIN
08/01/2024New$1,275,000$901MLSPIN
07/20/2024Active$995,000$1,218MLSPIN
07/16/2024New$995,000$1,218MLSPIN
12/02/2022Sold$2,000,000$364MLSPIN
09/03/2022Under Agreement$1,950,000$355MLSPIN
08/01/2022Active$1,950,000$355MLSPIN
07/28/2022New$1,950,000$355MLSPIN

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Seller's Representative: Benjamin Mandelbraut, AJM Group Realty, Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
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 2024-11-05 03:05:00

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