Description
ATTENTION INVESTORS & OWNER-OCCUPANTS: Welcome to 19 Hiawatha Rd, a fully occupied 4-family cash-flow generator located in Mattapan. Whether you are looking to scale your existing real estate portfolio or house-hack your way into property ownership, this property offers immediate rental income paired with value-add upside. The majority of in-place rent is paid directly through Section 8 programs, providing a stable, predictable income stream. Built in 1989; property is exempt from Massachusetts Lead Law requirements applicable to pre-1978 housing. MAJOR SYSTEMS & PROPERTY FEATURES: The property boasts a solid foundation. CertainTeed Landmark architectural shingle roof with synthetic underlayment and ice-and-water barrier, individual heating systems, and gas-fired hot water. Unit 4 is served by a Navien gas combination boiler. The finished basement and large detached storage shed with electric hookup for lighting provide additional usable and storage space, subject to buyer due diligence. The property also includes a 20-camera hard-wired WIFI surveillance system. VALUE-ADD POTENTIAL: Currently fully tenanted, the property generates cash flow from day one. Current rents are comfortably below market (market rent per HUD is $13,351), providing meaningful opportunity to grow Net Operating Income (NOI) over time. Unit 3 was recently renovated and Unit 2 has been well maintained, while select remaining units and common areas offer cosmetic upside. Potential improvements include kitchens, baths, paint, flooring, landscaping and common areas as units turn over. On-Site Laundry Revenue: Leverage dedicated common space for coin-operated or mobile-pay laundry. Storage & Shed Monetization: The expansive finished basement and large exterior shed may offer additional storage or rental-income opportunities, subject to buyer due diligence. POTENTIAL FINANCING ADVANTAGE - ASSUMABLE FHA LOAN: For qualified owner-occupant buyers, the existing 2.25% FHA financing may be assumable, subject to lender approval. Given the below-market financing benefit, seller expects offers utilizing the assumption to reflect a premium relative to conventional financing offers. Buyers may also submit offers without the loan assumption. LOCATION & CONVENIENCE: Situated on a quiet residential street, tenants benefit from convenient access to public transportation options (including MBTA bus lines and the Mattapan High-Speed Line), local parks, shopping, and smooth commutes into Downtown Boston.
Details
| MLS # | 73574876 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1989 |
| Days On Site | 15 |
| Listing Provided By | ENRG Global Realty, LLC | Saad Munir |
Features
| Bed(s) | 13 |
|---|---|
| Bath(s) | 7 Total |
| SQ Feet | 5,005 |
| Basement | Y |
| Story(s) | 7 |
| Units | 4 |
| Zoning | R4 |
| Acreage | 0.15 |
Interior
| Rooms Total | 28 |
|---|---|
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
| Flooring | Tile, Hardwood |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Frame |
| Foundation Details | Block |
| Lot Features | Level |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup |
|---|---|
| Sewer | Public Sewer |
| Electric | 60 Amps/Less |
Taxes
| Tax Annual Amount | 12508 |
|---|---|
| Tax Assessed Value | 1080100 |
| Tax Year | 2025 |
Location
| Community Features | Public Transportation, Park, Highway Access, Public School |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | MA |
|---|---|
| County | Suffolk |
| City | Boston |
| Zip Code | 02126 |
| Area | Suffolk |
| Listing VS Median (in 02126) | |
Price: $1,375,000 low | high Med: $3,500 sqft: 5,005 low | high Med: 1,200 $ / sqft: $275 low | high Med: $3 On site: 15 low | high Med: 372 | |
Market Activity 02126
Request a showing
Request a showing
Contact
Learn More About This Property
| State | MA |
|---|---|
| County | Suffolk |
| City | Boston |
| Zip Code | 02126 |
| Area | Suffolk |
| Listing VS Median (in 02126) | |
Price: $1,375,000 low | high Med: $3,500 sqft: 5,005 low | high Med: 1,200 $ / sqft: $275 low | high Med: $3 On site: 15 low | high Med: 372 | |
 | $1,249,900569 Norfolk StBoston, MA 02126 |
 | $800,0007 FottlerBoston, MA 02126 |