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577 Massachusetts Ave, Boston MA 02118

$5,100,000

Estimated $10,249.30/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $1,275,000

Total Rent: 0/year

Estimated CAP Rate: -0.47%

9 Bedrooms

6 Full, 1 Half Baths

5,435 SqFt

Total Parking: 0

2,350 SqFt

Don’t miss this rare opportunity to own a gut-renovated four-family investment property in Boston’s coveted South End. This historic brick row house features four never-lived-in units, offering the potential to achieve superior rents. The building includes two 2-bed/1-bath apartments, one 2-bed/2-bath apartment, and a massive 3 bed/2.5-bath penthouse duplex, with an additional loft level. Extensive renovations, featuring brand new utilities and mechanical systems, provide investors with the assurance that their property is well-equipped for long-term success. Private outdoor space, in-unit laundry, and central heating and cooling make this property stand out among comparable rental options. An easy condo-conversion alternative also provides investors with the option to sell as condos in the future. Ideally located near universities, public transportation, and the city’s best amenities, 577 Mass Ave is truly a prime investment opportunity.

This home has been viewed 108 times

Last Checked: February 11th, 2025 at 5:18am (Source: MLS PIN #73308669)

Gross Income: $0

Gross Expenses: $23,756

Net Income Calc: $23,756

CAP Rate: -0.47%

Annual Expenses for 577 Massachusetts Ave, Boston MA 02118

Total Gross Expenses (Calculated)$23,756/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$23,756.06

Annual Income & Unit Breakdown for 577 Massachusetts Ave, Boston MA 02118

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent Includes

Unit 4

Rental Income$0

LeaseN

Bedrooms3

Bathrooms2 Full, 1 Half

Floor4

Levels in Unit2

HeatingYes

Rent Includes

General Information for 577 Massachusetts Ave, Boston MA 02118

Listing ID73308669

Property TypeMulti Family / 4 Family

Price$5,100,000 ($938.36/SqFt)

Style4 Family

CityBoston

CountySuffolk

MLS AreaSouth End

Neighborhood(s)

Approximate Living Area Total5,435 SqFt

Approximate Lot Size (Acres)0.05 acres

Total Parking0

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Brick, Stone

Lot Features

Foundation Area

Foundation DescriptionBrick/Mortar,Granite,Slab

Accessible Features

Outdoor Space

Zoning0

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 577 Massachusetts Ave, Boston MA 02118

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureLiving area is approximate. Does not include commo

Building Area SourceMeasured

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 OnNet Sale Price

Financial Information for 577 Massachusetts Ave, Boston MA 02118

Real Estate Taxes$23,756.06

Tax Year2024

Assessed Value

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)-0.47%

Location Information for 577 Massachusetts Ave, Boston MA 02118

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaSouth End

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation, T-station, Private School, University

Contact Information for 577 Massachusetts Ave, Boston MA 02118

Agent

Name: Benjamin Mandelbraut

Office

Name: AJM Group Realty, Inc.

Phone: 617-974-7007

Team Members

Payment Calculator

, Interest

Property Taxes 1979.67

Principal & Interest 31424.58

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

AJM Group Realty, Inc.

Benjamin Mandelbraut

Agent Phone

Office Phone

(617) 974-7007

Text Agent Call Agent Call Office

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)

EXIT

Withdrawn

577 Massachusetts Ave, Boston MA 02118

$5,100,000

Annual Expenses for 577 Massachusetts Ave, Boston MA 02118

Annual Income & Unit Breakdown for 577 Massachusetts Ave, Boston MA 02118

General Information for 577 Massachusetts Ave, Boston MA 02118

Disclosures for 577 Massachusetts Ave, Boston MA 02118

Financial Information for 577 Massachusetts Ave, Boston MA 02118

Location Information for 577 Massachusetts Ave, Boston MA 02118

Contact Information for 577 Massachusetts Ave, Boston MA 02118

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Exclusive Listing Agent

AJM Group Realty, Inc.

Benjamin Mandelbraut