813 Parker Street

Boston, MA 02120 View Map $3,000,000 Ask a Question
Beds15
Baths8Full11/2
Sq.Ft.5,077
Year1893
813 Parker Street Boston, MA Mission Hill 02120 | Town Property Group Photo 1
813 Parker Street Boston, MA Mission Hill 02120 | Town Property Group Map
Sam Resnick

Sam Resnick

(617) 512-5712

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UPDATED: 3 family for sale at 813 Parker Street in Boston. This one of a kind Mission Hill 3-family home has been fully renovated offering 15 bedrooms, 8.5 baths, spanning four floors of living over 5,000+ sqft. Each luxury rental unit has a desirable floorplan, featuring modern kitchens with semi-custom cabinets, stainless appliances & quartz/granite countertops, spacious living rooms, separate laundry, hardwood floors, tiled kitchens & ample outdoor space. The bathrooms are adorned with glass doors, modern vanities & tiled showers. Numerous upgrades include new energy efficient systems, HVAC systems, tankless hot water, roof, sprinkler system, newer plumbing & electrical systems & replacement windows. All units are leased until August 31, 2024, generating rental income of $17,675/mo. with room to improve rents to $20.5k+ a month next year. This property has a proven track record as a successful investment property, offered at a 7.3% cap rate. Close to Orange & Green T stops, several universities, Longwood Medical Area & Fenway.
Status: Sold
Property Type:3 Family
MLS #:73168465
Sq. Feet:5,077
Date Sold:12/15/2023
Lot Size:0.14 Acres
County:Suffolk
This one of a kind Mission Hill 3-family home has been fully renovated offering 15 bedrooms, 8.5 baths, spanning four floors of living over 5,000+ sqft. Each luxury rental unit has a desirable floorplan, featuring modern kitchens with semi-custom cabinets, stainless appliances & quartz/granite countertops, spacious living rooms, separate laundry, hardwood floors, tiled kitchens & ample outdoor space. The bathrooms are adorned with glass doors, modern vanities & tiled showers. Numerous upgrades include new energy efficient systems, HVAC systems, tankless hot water, roof, sprinkler system, newer plumbing & electrical systems & replacement windows. All units are leased until August 31, 2024, generating rental income of $17,675/mo. with room to improve rents to $20.5k+ a month next year. This property has a proven track record as a successful investment property, offered at a 7.3% cap rate. Close to Orange & Green T stops, several universities, Longwood Medical Area & Fenway.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
1/2/2024$3,100,000$3,000,000-3.2%

Community Information

Address:813 Parker Street, Boston, MA 02120
Area:Mission Hill
County:Suffolk
City:Boston
Zip Code:02120

Architecture

Bedrooms: 15
Bathrooms: 8 Full / 1 Half
Year Built:1893
Stories:6
Building Area: 5077
Foundation: Concrete Perimeter, Granite
Basement: Full, Walk-Out Access
Parking Features: Off Street
Parking Total: 3

Features / Amenities

Interior Features: Unit 1(Storage, Bathroom with Shower Stall), Unit 2(Storage, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom with Shower Stall, Open Floor Plan), Unit 3(Cathedral/Vaulted Ceilings, Storage, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom with Shower Stall, Open Floor Plan), Unit 1 Rooms(Living Room, Dining Room, Kitchen, Mudroom, Office/Den), Unit 2 Rooms(Kitchen, Living RM/Dining RM Combo), Unit 3 Rooms(Living Room, Dining Room, Kitchen)
Appliances: Unit 2(Range, Dishwasher, Disposal, Microwave, Washer, Dryer), Unit 3(Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer)
Flooring: Wood, Tile, Unit 1(undefined), Unit 2(Tile Floor, Hardwood Floors, Stone/Ceramic Tile Floor), Unit 3(Tile Floor, Hardwood Floors)
Laundry: Unit 1 Laundry Room, Unit 3 Laundry Room
Exterior Features: Porch, Deck, Deck - Wood, Deck - Composite, Fenced Yard
Patio And Porch: Porch, Deck, Deck - Wood, Deck - Composite
Cooling Yes/No: Yes
Cooling: Unit 1(Central Air), Unit 2(Central Air), Unit 3(Central Air)
Heating: Unit 1(Central Heat, Forced Air, Gas), Unit 2(Central Heat, Forced Air, Gas), Unit 3(Central Heat, Forced Air)
Total Rooms:42

Property Features

Lot Size: 0.14 Acres
Lot Features: Corner Lot
Sewer: Public Sewer
Water: Public
Electric: 200+ Amp Service
Road Frontage: Public
Fencing: Fenced
Zoning:0105
Directions:Corner of Parker Hill Ave and Parker Street.

Tax and Financial Info

Tax Year: 2023
Tax Annual Amount: $24,456
Current Financing: Cash
Gross Income: $138,600
Net Operating Income: $138,600
Total Actual Rent: $17,675
Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
Buyer Agency Compensation: 2.5
Transaction Broker Compensation: 2
Buyer Agent Compensation: 2.5
Disclosures: Excludes tenant belongings. Please see attached proforma for rents and expenses. Cap rate based on projected 2024 market value.

Listing Agent/Office

Listing provided courtesy of Mission Realty Advisors, Compass.

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Listing Information Last Updated 3/3/2024