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248 Princeton St, Boston MA 02128

$850,000

Estimated $2,141/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $425,000

Total Rent: 62400/year

Estimated CAP Rate:

4 Bedrooms

Baths

1966

Total Parking: 0

2,500 (0.06)

Open houses: Friday, September 25, 4:00–6:00 p.m., and Saturday, September 26, 12:00–2:00 p.m. SELLER OFFERING UP TO $15,000 TOWARD BUYER’S ELIGIBLE CLOSING COSTS OR MORTGAGE RATE BUYDOWN, DISCOUNT POINTS, PREPAID ITEMS. An excellent opportunity for investors and owner-occupants in East Boston’s desirable Eagle Hill neighborhood, with approximately $65,000 in potential gross annual rental income. The property can be delivered vacant, offering flexibility for immediate occupancy, tenant placement, or repositioning. This bright, updated two-family home features open-concept living areas, tall ceilings, and well-proportioned layouts. Each unit offers two bedrooms and one full bathroom. Additional amenities include a sunroom suitable for a home office or flex space, as well as a generously sized deck overlooking the spacious backyard—an inviting setting for gardening, entertaining, or outdoor relaxation. The partially finished basement provides a full bathroom, dedicated laundry area, and ample storage, along with potential for expanded use, subject to buyer due diligence and all required municipal approvals. Plenty of street parking is available throughout the surrounding area. Ideally situated near neighborhood restaurants, parks, schools, Day Square, Central Square, Liberty Plaza, Shaw’s, Market Basket, and additional shopping destinations. Constitution Beach and Revere Beach are also within convenient reach. Commuters will appreciate access to the Airport Blue Line station, Logan International Airport, Route 1A, and I-90, providing convenient connections to Downtown Boston and surrounding communities. Occupy one unit while generating rental income from the other, establish market-rate leases for both units, or add a versatile East Boston multifamily property to your investment portfolio.

This home has been viewed 2 times

Last Checked: September 26th, 2026 at 9:13am (Source: MLS PIN #73574910)

Gross Income: $62,400

Gross Expenses: $9,155

Net Income Calc: $53,245

Water Views

Annual Expenses for 248 Princeton St, Boston MA 02128

Total Gross Expenses (Calculated)$9,155/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax9155

Annual Income & Unit Breakdown for 248 Princeton St, Boston MA 02128

Total Gross Income (Calculated)$62,400

Unit 1

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 248 Princeton St, Boston MA 02128

Listing ID73574910

Property TypeMulti Family / 2 Family

Price850000 ($432.35/SqFt)

Style2 Family - 2 Units Up/down

CityBoston

CountySuffolk

MLS AreaEast Boston's Eagle Hill

Neighborhood(s)

Approximate Living Area Total1966

Approximate Lot Size (Acres)0.06

Total Parking0

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningR2

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 248 Princeton St, Boston MA 02128

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Belongings.

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 248 Princeton St, Boston MA 02128

Real Estate Taxes9155

Tax Year2025

Assessed Value$790,600

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 248 Princeton St, Boston MA 02128

Elementary SchoolSchool Choice

Middle SchoolSchool Choice

High SchoolEast Boston High

Neighborhood(s)

MLS AreaEast Boston's Eagle Hill

Area AmenitiesWalk/jog Trails

Contact Information for 248 Princeton St, Boston MA 02128

Agent

Name: Maria Babakhanova

Office

Name: Redfin Corp.

Phone: 617-340-7803

Payment Calculator

, Interest

Property Taxes 762.92

Principal & Interest 5237.43

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Redfin Corp.

Maria Babakhanova

Agent Phone

Office Phone

(617) 340-7803

Text Agent Call Agent Call Office

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    [unparsed] => 248 Princeton St, Boston MA 02128
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EXIT

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