Overview Property Details Payment Calculator Walkability

Pending

16 Norwell St, Boston MA 02121

$1,049,000

Estimated $2,480.03/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $349,666.67

Total Rent: 57900/year

Estimated CAP Rate: 4.63%

8 Bedrooms

3 Full Baths

2,627 SqFt

Total Parking: 0

1,657 SqFt

Are you looking to build equity through cosmetic improvements and generate consistent rental income along the way? This Row-End three-family is a fantastic investment opportunity! Featuring one 2-bedroom apartment and two 3-bedroom apartments, this property offers you versat...

This home has been viewed 86 times

Last Checked: April 16th, 2025 at 9:58am (Source: MLS PIN #73332417)

Gross Income: $57,900

Gross Expenses: $9,349

Net Income Calc: $48,551

CAP Rate: 4.63%

Annual Expenses for 16 Norwell St, Boston MA 02121

Total Gross Expenses (Calculated)$9,349/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$9,349

Annual Income & Unit Breakdown for 16 Norwell St, Boston MA 02121

Total Gross Income (Calculated)$57,900

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,250

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$2,575

Lease

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 16 Norwell St, Boston MA 02121

Listing ID73332417

Property TypeMulti Family / 3 Family

Price$1,049,000 ($399.31/SqFt)

Style3 Family

CityBoston

CountySuffolk

MLS Area

Neighborhood(s)

Approximate Living Area Total2,627 SqFt

Approximate Lot Size (Acres)0.04 acres

Total Parking0

Garage Parking

Year Built1890

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsBrick

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningR3

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 16 Norwell St, Boston MA 02121

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceProjected

Total Gross Expenses By Broker$20,871

Total Gross Income By Broker$104,000

Total Net Income By Broker$83,484

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 16 Norwell St, Boston MA 02121

Real Estate Taxes$9,349

Tax Year2024

Assessed Value$857,700

Financial Data SourceProjected

Total Gross Expenses By Broker$20,871

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$104,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$83,484

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.63%

Location Information for 16 Norwell St, Boston MA 02121

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesPublic Transportation, T-station, Sidewalks

Contact Information for 16 Norwell St, Boston MA 02121

Agent

Name: Adrian King

MLS ID: CN230977

Office ID: AN5445

National Association ID: 455025422

Address: 242 Timpany Blvd

City: Gardner

State: MA

Zip: 01440

Office

Name: EVO Real Estate Group, LLC

MLS Office ID: AN5445

Phone: 617-517-9755

Payment Calculator

$7,242.68 per month

30 Years Fixed, 6.75% Interest

Property Taxes $779.08

Principal & Interest $6,463.60

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

EVO Real Estate Group, LLC

Adrian King

Agent Phone

Office Phone

(617) 517-9755

Text Agent Call Agent Call Office

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[perc_test_date] => Unknown
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EXIT

Pending

16 Norwell St, Boston MA 02121

$1,049,000

Annual Expenses for 16 Norwell St, Boston MA 02121

Annual Income & Unit Breakdown for 16 Norwell St, Boston MA 02121

General Information for 16 Norwell St, Boston MA 02121

Disclosures for 16 Norwell St, Boston MA 02121

Financial Information for 16 Norwell St, Boston MA 02121

Location Information for 16 Norwell St, Boston MA 02121

Contact Information for 16 Norwell St, Boston MA 02121

Agent

Office

Payment Calculator

Exclusive Listing Agent

EVO Real Estate Group, LLC

Adrian King