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19 Hiawatha Rd
Boston, MA, 02126
$1,375,000
13 Beds
7 Baths
5,005 SqFt
0.15 Acres
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MLS #73574876 image #0
ATTENTION INVESTORS & OWNER-OCCUPANTS: Welcome to 19 Hiawatha Rd, a fully occupied 4-family cash-flow generator located in Mattapan. Whether you are looking to scale your existing real estate portfolio or house-hack your way into property ownership, this property offers immediate rental income paired with value-add upside. The majority of in-place rent is paid directly through Section 8 programs, providing a stable, predictable income stream. Built in 1989; property is exempt from Massachusetts Lead Law requirements applicable to pre-1978 housing. MAJOR SYSTEMS & PROPERTY FEATURES: The property boasts a solid foundation. CertainTeed Landmark architectural shingle roof with synthetic underlayment and ice-and-water barrier, individual heating systems, and gas-fired hot water. Unit 4 is served by a Navien gas combination boiler. The finished basement and large detached storage shed with electric hookup for lighting provide additional usable and storage space, subject to buyer due diligence. The property also includes a 20-camera hard-wired WIFI surveillance system. VALUE-ADD POTENTIAL: Currently fully tenanted, the property generates cash flow from day one. Current rents are comfortably below market, providing meaningful opportunity to grow Net Operating Income (NOI) over time. Unit 3 was recently renovated and Unit 2 has been well maintained, while select remaining units and common areas offer cosmetic upside. Potential improvements include kitchens, baths, paint, flooring, landscaping and common areas as units turn over. On-Site Laundry Revenue: Leverage dedicated common space for coin-operated or mobile-pay laundry. Storage & Shed Monetization: The expansive finished basement and large exterior shed may offer additional storage or rental-income opportunities, subject to buyer due diligence. POTENTIAL FINANCING ADVANTAGE – ASSUMABLE FHA LOAN: For qualified owner-occupant buyers, the existing 2.25% FHA financing may be assumable, subject to lender approval. Given the below-market financing benefit, seller expects offers utilizing the assumption to reflect a premium relative to conventional financing offers. Buyers may also submit offers without the loan assumption. LOCATION & CONVENIENCE: Situated on a quiet residential street, tenants benefit from convenient access to public transportation options (including MBTA bus lines and the Mattapan High-Speed Line), local parks, shopping, and smooth commutes into Downtown Boston.

Property Details

Price:
$1,375,000
MLS #:
73574876
Status:
Active
Beds:
13
Baths:
7
Type:
Multi Family
Subtype:
4 Family
Listed Date:
Sep 9, 2026
Finished Sq Ft:
5,005
Total Sq Ft:
5,005
Lot Size:
6,489 sqft / 0.15 acres (approx)
Year Built:
1989
Units:
4

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Schools

Interior

Above Grade Finished Area
5005
Bathrooms
7 Full Bathrooms
Flooring
Tile, Hardwood
Laundry Features
Electric Dryer Hookup, Washer Hookup
Levels
7

Exterior

Community Features
Public Transportation, Park, Highway Access, Public School
Construction Materials
Frame
Lot Features
Level
Roof
Shingle
Stories
7

Financial

Net Operating Income
$126,528
Tax Year
2025
Taxes
$12,508

Map

Community

Market Summary

Current real estate data for Multi Family in Boston as of Sep 10, 2026
393
Multi Family Listed
136
Avg DOM
460
Avg $ / SqFt
$2,022,609
Avg List Price

Property Summary

    19 Hiawatha Rd Boston MA is a Multi Family for sale in Boston, MA, 02126. It is listed for $1,375,000 To schedule a showing of MLS#73574876 at 19 Hiawatha Rd in Boston, MA, contact your Cornerstone Real Estate agent at 617-238-7400.

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