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Closed

389 Commonwealth Ave, Boston MA 02115

$4,500,000

Estimated $9,979.06/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $1,500,000

Total Rent: 0/year

Estimated CAP Rate: -0.72%

6 Bedrooms

5 Full Baths

5,679 SqFt

Total Parking: 0

2,124 SqFt

An opportunity not to be missed on the sunny side of Commonwealth Avenue! Available for the first time in 50 years, this stately brownstone is steeped in historical details and presents the opportunity for a multi-family property in one of Boston's most desirable locations. Hard-to-find front and rear curved bay windows on all levels present optimal lighting and picturesque views of the Commonwealth Avenue Mall. The grand parlor level boasts non-replicable millwork and details rarely found so well preserved and intact, dating back to the inception of the home, including pocket doors and intricate millwork. The garden level houses living space, utility space, and access to a charming and private brick-walled garden terrace. The 2nd, 3rd, and 4th floors include original fireplaces, hardwood flooring, and millwork. Cared for with love for the past 50 years, this rarely offered Back Bay gem presents exceptional potential and possibilities. The property will be delivered vacant.

This home has been viewed 32 times

Last Checked: May 7th, 2024 at 9:06am (Source: MLS PIN #73092237)

Gross Income: $0

Gross Expenses: $32,188

Net Income Calc: $32,188

CAP Rate: -0.72%

Annual Expenses for 389 Commonwealth Ave, Boston MA 02115

Total Gross Expenses (Calculated)$32,188/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$32,188

Annual Income & Unit Breakdown for 389 Commonwealth Ave, Boston MA 02115

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor0

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms2 Full

Floor1

Levels in Unit2

HeatingNo

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms4

Bathrooms2 Full

Floor3

Levels in Unit2

HeatingNo

Rent Includes

General Information for 389 Commonwealth Ave, Boston MA 02115

Listing ID73092237

Property TypeMulti Family / 3 Family

Price$4,500,000 ($792.39/SqFt)

Style3 Family - 3 Units Up/down

CityBoston

CountySuffolk

MLS AreaBack Bay

Neighborhood(s)

Approximate Living Area Total5,679 SqFt

Approximate Lot Size (Acres)0.05 acres

Total Parking0

Garage Parking

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick, Stone, Block

Lot FeaturesLevel

Foundation Area

Foundation DescriptionOther

Accessible Features

Outdoor Space

ZoningR4

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 389 Commonwealth Ave, Boston MA 02115

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 389 Commonwealth Ave, Boston MA 02115

Real Estate Taxes$32,188

Tax Year2023

Assessed Value$2,997,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.72%

Location Information for 389 Commonwealth Ave, Boston MA 02115

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaBack Bay

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Public Transportation, T-station, Tennis Court(s), Private School, University

Contact Information for 389 Commonwealth Ave, Boston MA 02115

Agent

Name: Brett DeRocker

Office

Name: First Boston Realty International

Phone: 617-482-3333

Payment Calculator

, Interest

Property Taxes 2682.33

Principal & Interest 27727.57

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

First Boston Realty International

Brett DeRocker

Agent Phone

Office Phone

(617) 482-3333

Text Agent Call Agent Call Office

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)

EXIT

Closed

389 Commonwealth Ave, Boston MA 02115

$4,500,000

Annual Expenses for 389 Commonwealth Ave, Boston MA 02115

Annual Income & Unit Breakdown for 389 Commonwealth Ave, Boston MA 02115

General Information for 389 Commonwealth Ave, Boston MA 02115

Disclosures for 389 Commonwealth Ave, Boston MA 02115

Financial Information for 389 Commonwealth Ave, Boston MA 02115

Location Information for 389 Commonwealth Ave, Boston MA 02115

Contact Information for 389 Commonwealth Ave, Boston MA 02115

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Exclusive Listing Agent

First Boston Realty International

Brett DeRocker