Legal 3-Family with additional rental Income and value add potential.A great opportunity to own a legal 3-family in Mattapan with additional finished space and multiple ways to add value. The property offers three legal units, along with a finished attic currently rented for $2,350/month and a finished basement featuring 3 bedrooms and 2 full bathrooms. The existing rental income provides a solid starting point, while the additional finished space gives the next owner flexibility and upside. There is an opportunity to improve the property's overall income and value through strategic updates, while maintaining the existing 3-family configuration. With a combination of rental income, substantial finished space, and room for future improvements, this property is well suited for anyone looking to increase cash flow or an owner-occupant looking to offset their housing costs with rental income. Located in Mattapan with convenient access to public transportation, shopping, restaurants, and major routes into Boston. A property with plenty of space, existing income, and a clear value-add opportunity.
This home has been viewed 98 times
Last Checked: September 23rd, 2026 at 4:29am (Source: MLS PIN #73558560)
Gross Income: $70,800
Gross Expenses: $11,864
Net Income Calc: $58,936
Annual Expenses for 12 Hiawatha, Boston MA 02126
Total Gross Expenses (Calculated)$11,864/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax11864
Annual Income & Unit Breakdown for 12 Hiawatha, Boston MA 02126
Total Gross Income (Calculated)$70,800
Unit 1
Rental Income$0
LeaseN
Bedrooms4
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms4
Bathrooms1 Full
Floor2
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
LeaseY
Bedrooms4
Bathrooms1 Full
Floor3
Levels in Unit1
Rent Includes
General Information for 12 Hiawatha, Boston MA 02126
Listing ID73558560
Property TypeMulti Family / 3 Family
Price1950000 ($390.86/SqFt)
Style3 Family - 3 Units Up/down
CityBoston
CountySuffolk
Neighborhood(s)
Approximate Living Area Total4989
Approximate Lot Size (Acres)0.13
Total Parking0
Garage Parking0
Year Built1905
Year Built SourceAppraiser
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningR3
Water Views
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 12 Hiawatha, Boston MA 02126
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsOne Set Of Washer And Dryer
Financial Data Source
Total Gross Expenses By Broker
Total Gross Income By Broker
Total Net Income By Broker
Short Sale / Forclosure (Bank Owned)
Compensation Based On
Financial Information for 12 Hiawatha, Boston MA 02126
Real Estate Taxes11864
Tax Year2025
Assessed Value$1,024,500
Financial Data Source
Total Gross Expenses By Broker
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker
BostonRealEstate.com Gross Income
Total Net Income By Broker
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
Location Information for 12 Hiawatha, Boston MA 02126
Neighborhood(s)
Area AmenitiesWalk/jog Trails
Contact Information for 12 Hiawatha, Boston MA 02126