A rare development / investment opportunity in Charlestown available for the first time. The combined 3,500± sq ft lot features 50'+ of street frontage which includes an existing curb cut with off-street parking for 3 or more vehicles—an exceptional advantage in this neighborhood. Zoned 3F-2000, the property offers meaningful flexibility for future redevelopment or renovation. Currently configured as a side by side two-family, it provides income potential while allowing a buyer to evaluate long-term value creation. The wide frontage and generous lot open highest-and-best-use scenarios aligned with zoning. The property would also be an incredible single-family project where an owner would enjoy beautiful yard space and plenty of room to grow. Ideally located just off Bunker Hill St, the property is close to shops, parks, restaurants, MBTA & other neighborhood amenities. One of the few remaining multi-family offerings in Charlestown that combines parking, potential and scale.
This home has been viewed 8 times
Last Checked: January 22nd, 2026 at 7:18pm (Source: MLS PIN #73470882)
Gross Income: $0
Gross Expenses: $17,557
Net Income Calc: $17,557
CAP Rate: -1.10%
Annual Expenses for 86-88 Pearl Street, Boston MA 02129
Total Gross Expenses (Calculated)$17,557/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$17,557
Annual Income & Unit Breakdown for 86-88 Pearl Street, Boston MA 02129
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit2
HeatingNo
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms4
Bathrooms1 Full
Floor1
Levels in Unit2
HeatingNo
Rent Includes
General Information for 86-88 Pearl Street, Boston MA 02129
Listing ID73470882
Property TypeMulti Family
Price$1,600,000 ($594.8/SqFt)
StyleMulti Family
CityBoston
CountySuffolk
MLS AreaCharlestown
Neighborhood(s)
Approximate Living Area Total2,690 SqFt
Approximate Lot Size (Acres)0.08 acres
Total Parking3
Garage Parking
Year Built1930
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningR2
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 86-88 Pearl Street, Boston MA 02129
Lead Paint
UFFI
Living Area Includes BasementNo
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 Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 86-88 Pearl Street, Boston MA 02129
Real Estate Taxes$17,557
Tax Year2026
Assessed Value$1,415,900
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)-1.10%
Location Information for 86-88 Pearl Street, Boston MA 02129
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaCharlestown
Area Amenities
Contact Information for 86-88 Pearl Street, Boston MA 02129