This is it! Built in 2007, this Jamaica Plain 2 Family is a rare MONEY MAKER. Containing 2 side by side units and a lot of expansion/value add potential. The larger right side unit contains 12 bedrooms, 3 bathrooms with a monthly income of $13,400. Left side unit is a 3 Bed, 1 bathroom apartment rented under market to BHA for $3,745/month. Unit(s) can be delivered vacant for the right offer. Huge high ceiling basement with interior and walk-out access ideal for ADU ideas. Current owner has development plans available (Not Approved or Permitted) for potential 6 units development of existing footprint, or knock down and rebuild new both a 3-family and a 2-family. Or develop by-right 2 side-by-side townhouses. Or sit back and collect the $17k monthly income and %8+ Cap Rate. Building is professionally managed and the property manager is willing to stay on. Great location in the desirable Woodbourne section of JP and close to Forest Hills T Station. Pro forma available by request.
This home has been viewed 9 times
Last Checked: February 19th, 2026 at 6:33pm (Source: MLS PIN #73478577)
Gross Income: $61,020
Gross Expenses: $17,701
Net Income Calc: $43,319
CAP Rate: 2.71%
Annual Expenses for 56 Patten, Boston MA 02130
Total Gross Expenses (Calculated)$17,701/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$17,701
Annual Income & Unit Breakdown for 56 Patten, Boston MA 02130
Total Gross Income (Calculated)$61,020
Unit 1
Rental Income$1,340
LeaseY
Bedrooms9
Bathrooms3 Full
Floor1
Levels in Unit2
HeatingNo
Rent Includes
Unit 2
Rental Income$3,745
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
General Information for 56 Patten, Boston MA 02130
Listing ID73478577
Property TypeMulti Family / 2 Family
Price$1,599,000 ($230.44/SqFt)
Style2 Family - 2 Units Side By Side
CityBoston
CountySuffolk
MLS AreaJamaica Plain's Forest Hills
Neighborhood(s)
Approximate Living Area Total6,939 SqFt
Approximate Lot Size (Acres)0.2 acres
Total Parking6
Garage Parking
Year Built2007
Year Built SourceOwner
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot Features
Foundation Area
Foundation DescriptionConcrete Perimeter
Accessible Features
Outdoor SpacePorch
ZoningRes
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy FeaturesInsulated Windows
Terms
Disclosures for 56 Patten, Boston MA 02130
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area DisclosureLiving area sqft does not include massive walk out
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourcePro. Forma Available
Total Gross Expenses By Broker$0
Total Gross Income By Broker$200,220
Total Net Income By Broker$142,199
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 56 Patten, Boston MA 02130
Real Estate Taxes$17,701
Tax Year2025
Assessed Value$1,528,600
Financial Data SourcePro. Forma Available
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$200,220
BostonRealEstate.com Gross Income
Total Net Income By Broker$142,199
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)2.71%
Location Information for 56 Patten, Boston MA 02130
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaJamaica Plain's Forest Hills
Area AmenitiesWalk/jog Trails, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Tennis Court(s), Private School
Contact Information for 56 Patten, Boston MA 02130