Extremely well maintained 3-family property with 3 bedrooms in each unit. The property has been recently updated with new kitchens (2022), bathrooms (2022), paint, and refinished hardwood floors - a perfect turn key opportunity for investors. The property features large spacious rooms w/ hardwood floors, two updated large decks per unit, newer appliances, coin-op laundry in basement, separated utilities, newer hot water heaters, storage units in basement. Other recent updates include a brand new roof (2024), new water heater (2024), and deck repairs (2024). This property is conveniently located within walking distance to the Shawmut (Redline)T Station offering great commuter access. With gross rents of $113K this fully occupied and turn-key investment property is perfect for any savvy investor!
This home has been viewed 92 times
Last Checked: July 3rd, 2025 at 4:30am (Source: MLS PIN #73341823)
Gross Income: $112,800
Gross Expenses: $16,953
Net Income Calc: $95,847
CAP Rate: 7.10%
Annual Expenses for 51 Alpha Road, Boston MA 02124
Total Gross Expenses (Calculated)$16,953/year
APOD AvailableYes
Heating
Electricity$600
Water$1,800
Gas$1,800
Insurance$4,000
Sewer$1,800
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$10,553
Annual Income & Unit Breakdown for 51 Alpha Road, Boston MA 02124
Total Gross Income (Calculated)$112,800
Unit 1
Rental Income$3,200
LeaseY
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 2
Rental Income$3,200
LeaseY
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
Unit 3
Rental Income$3,000
LeaseY
Bedrooms3
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)
General Information for 51 Alpha Road, Boston MA 02124
Listing ID73341823
Property TypeMulti Family / 3 Family
Price$1,350,000 ($408.35/SqFt)
Style3 Family - 3 Units Up/down
CityBoston
CountySuffolk
MLS AreaDorchester
Neighborhood(s)
Approximate Living Area Total3,306 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 MaterialsFrame
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
Zoning0105
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 51 Alpha Road, Boston MA 02124
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceOwner
Total Gross Expenses By Broker$24,038
Total Gross Income By Broker$112,800
Total Net Income By Broker$88,762
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 51 Alpha Road, Boston MA 02124
Real Estate Taxes$10,553
Tax Year2025
Assessed Value$903,300
Financial Data SourceOwner
Total Gross Expenses By Broker$24,038
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$112,800
BostonRealEstate.com Gross Income
Total Net Income By Broker$88,762
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)7.10%
Location Information for 51 Alpha Road, Boston MA 02124
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaDorchester
Area AmenitiesPublic Transportation, T-station
Contact Information for 51 Alpha Road, Boston MA 02124