Description
19 Pleasant Street presents a rare opportunity to acquire a fully leased, high-performing multifamily asset in the heart of Savin Hill. Offering 12 bedrooms, 3 full bathrooms, 3 half bathrooms, and 4 off-street parking spaces, the property currently generates approximately $13,650 per month in rental income, and is being offered at a 6.44 Cap Rate. Renovated approximately 10 years ago, the building combines classic Boston Victorian Architecture with the finishes today's rental market demands. Granite countertops, stainless steel appliances, Central HVAC, hardwood floors, updated kitchens and baths, gas fireplaces in select units, and oversized private decks create a rental product that continues to attract strong demand. Four off-street parking spaces add another increasingly valuable amenity. But, the bigger story is what is happening around it. Savin Hill sits directly in the path of significant investment and redevelopment. South Bay has already transformed into a major mixed-use destination with new housing, restaurants, retail and entertainment. To the east, Columbia Point is entering another chapter of growth, led by Dorchester Bay City and additional planned development along the Morrissey Boulevard corridor.For an investor, that creates an attractive combination: strong existing income, a renovated and stabilized asset, and long-term exposure to one of Boston's most significant emerging development corridors.Minutes from Savin Hill and JFK/UMass Red Line stations, UMass Boston, South Bay, Columbia Point, beaches and downtown Boston, 19 Pleasant offers something increasingly difficult to replicate: scale, parking, strong rents and future upside in a supply-constrained Boston neighborhood. The income is already here. The neighborhood's next chapter is still being built.
Details
| MLS # | 73562386 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1905 |
| Days On Site | 49 |
| Listing Provided By | Compass | Mission Realty Advisors |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 3,957 |
| Basement | Y |
| Story(s) | 4 |
| Units | 3 |
| Zoning | 3F-5000 |
| Acreage | 0.09 |
| Water Front | Yes |
Interior
| Rooms Total | 18 |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Central Air |
| Heating Yes / No | Yes |
| Heating | Central |
| Interior Features | Storage, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, High Speed Internet, Living Room, Kitchen, Laundry Room |
| Window Features | Insulated Windows |
| Appliances | Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer |
| Fireplaces Total | 1 |
| Fireplace Yes / No | Yes |
| Flooring | Wood, Tile, Hardwood |
Exterior
| Exterior Features | Balcony/Deck |
|---|---|
| Roof | Rubber |
| Construction Materials | Frame, Stone |
| Foundation Details | Stone |
| Lot Features | Corner Lot, Level |
| Fencing | Fenced/Enclosed, Fenced |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Paved Drive, Off Street, Tandem |
| Open Parking Yes / No | Yes |
Utilities
| Utilities | for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup |
|---|---|
| Sewer | Public Sewer |
| Electric | Circuit Breakers, 200+ Amp Service |
Taxes
| Tax Annual Amount | 23436.3 |
|---|---|
| Tax Assessed Value | 1872300 |
| Tax Year | 2027 |
Location
| Community Features | Public Transportation, Shopping, Park, Public School, T-Station, University |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | MA |
|---|---|
| County | Suffolk |
| City | Boston |
| Zip Code | 02125 |
| Area | Dorchester's Savin Hill |
| Listing VS Median (in 02125) | |
Price: $2,000,000 low | high Med: $3,775 sqft: 3,957 low | high Med: 5,525 $ / sqft: $505 low | high Med: $2 On site: 49 low | high Med: 280 | |
Market Activity 02125
Request a showing
Request a showing
Contact
Learn More About This Property
| State | MA |
|---|---|
| County | Suffolk |
| City | Boston |
| Zip Code | 02125 |
| Area | Dorchester's Savin Hill |
| Listing VS Median (in 02125) | |
Price: $2,000,000 low | high Med: $3,775 sqft: 3,957 low | high Med: 5,525 $ / sqft: $505 low | high Med: $2 On site: 49 low | high Med: 280 | |
 | $2,099,99926 Crescent AveBoston, MA 02125 |