Rarely available, fully occupied, semi-attached, turnkey six-family with three sides of exposure! This spacious multi-family offers 4 one bedroom, one bathroom units occupying the second and third floors, as well as a first and garden level two bedroom, two bathroom duplex, and a three bedroom, two bathroom first and garden level duplex. Current rents are well below market value and easy to increase with little to no capital improvements, making $200,000+ gross rent per year achievable. Set in an ideal South Boston location - only two blocks to the beach, four blocks to bustling E. Broadway where there is something for everyone - restaurants, coffee shops, bars and grocery store. Close to major bus lines and public transit - this is an investor's dream, attracting a steady stream of quality tenants in a red hot rental market. Brand new back decks and 2nd means of egress!
This home has been viewed 192 times
Last Checked: September 5th, 2025 at 1:53am (Source: MLS PIN #73094948)
Gross Income: $141,000
Gross Expenses: $20,872
Net Income Calc: $120,128
Water Views
Annual Expenses for 493-495 E 7th St, Boston MA 02127
Total Gross Expenses (Calculated)$20,872/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax20872
Annual Income & Unit Breakdown for 493-495 E 7th St, Boston MA 02127
Total Gross Income (Calculated)$141,000
Unit 1
Rental Income$0
LeaseY
Bedrooms3
Bathrooms2 Full
Floor1
Levels in Unit2
Rent Includes
Unit 2
Rental Income$0
LeaseY
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
LeaseY
Bedrooms1
Bathrooms1 Full
Floor3
Levels in Unit1
Rent Includes
Unit 4
Rental Income$0
LeaseY
Bedrooms2
Bathrooms2 Full
Floor1
Levels in Unit2
Rent Includes
General Information for 493-495 E 7th St, Boston MA 02127
Listing ID73094948
Property TypeMulti Family / 5+ Family
Price3000000 ($529.29/SqFt)
Style5-9 Family
CityBoston
CountySuffolk
MLS AreaSouth Boston
Neighborhood(s)
Approximate Living Area Total5668
Approximate Lot Size (Acres)0.08
Total Parking0
Garage Parking0
Year Built1905
Year Built SourcePublic Records
Year Built DetailsApproximate,Renovated Since
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningR3
Water ViewsYes
Water Views Features
Waterfront0
Waterfront FeaturesRiver
Terms
Disclosures for 493-495 E 7th St, Boston MA 02127
Lead PaintNone
UFFI
Living Area Includes BasementYes
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsBar Top In Shed Is Custom And Is Not Included
Financial Data Source
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2.5
Facilitator Compensation0
Compensation Based OnNet Sale Price
Financial Information for 493-495 E 7th St, Boston MA 02127
Real Estate Taxes20872
Tax Year2023
Assessed Value$1,943,400
Financial Data Source
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 493-495 E 7th St, Boston MA 02127
Neighborhood(s)
MLS AreaSouth Boston
Area Amenities
Contact Information for 493-495 E 7th St, Boston MA 02127