259 Emerson Street, Boston, MA 02127
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$1,350,000
2 Unit
4 Beds
2 Baths
1945 SQFT
0.04 Acre

Property Description

259-261 Emerson is a 2-family located on one most sought after streets in South Boston convenient to the Seaport, Financial District, East Broadway and L Street Beach. The property generates $8,250 per month and is fully leased through 8/31/2027. Unit 1 is a lovely direct-entry 1-bedroom/1bath with a private patio that features a renovated kitchen and bathroom and in-unit laundry. Unit 2 is a direct-entry 3-bedroom/1bath bi-level unit that also has been renovated. This is a great opportunity to invest in arguably the strongest rental market in Boston or take advantage of a future owner-occupied situation.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Amenities: Bike Path, House of Worship, Laundromat, Park, Public School, Public Transportation, Shopping, Tennis Court, Walk/Jog Trails
  • Basement Features: Full, Unfinished Basement
  • Common Interior Features: Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
  • Common Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 99000
  • Gross Expenses: 26990
  • Net Operating Income: 72010

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1890
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone, Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73559400
  • Last Updated: 08/05/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
08/05/2026New$1,350,000$694MLSPIN
06/01/2024Expired$1,400,000$720MLSPIN
01/24/2024Temporarily Withdrawn$1,400,000$720MLSPIN
11/11/2023Active$1,400,000$720MLSPIN
11/07/2023New$1,400,000$720MLSPIN

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Seller's Representative: Tony Pepdjonovic, Marcus & Millichap Real Estate Investment Services
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 2026-08-05 10:20:00

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