Prime investment opportunity in Boston’s coveted Mission Hill neighborhood: a turnkey 3-family property with potential for a 8.1% cap rate by 9/1/25. Perfectly positioned at the “bottom of the hill” near Tremont Street, this property includes 14 bedrooms and 6 bathrooms across three units—one 4-bed, 2-bath, and two 5-bed, 2-bath—all featuring modern kitchens, in-unit laundry, renovated bathrooms, hardwood floors, and central HVAC. Each unit has rear decks and a shared yard for added tenant enjoyment. Updated with new electrical and plumbing systems, along with low-maintenance vinyl siding, this property is easy to manage and maintain. Located a short distance from Longwood Medical Area, Orange Line at Roxbury Crossing and Green Line at Brigham Circle (both a quarter-mile away), this investment promises strong rental demand and long-term value. Don’t miss this solid income-generating property in one of Boston’s most desirable neighborhoods, close to universities and major employers.
Property Details
Price:
$3,150,000
MLS #:
73310040
Status:
Active
Beds:
13
Baths:
6
Address:
9 Carmel Street
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
Neighborhood:
Mission Hill
City:
Boston
Listed Date:
Nov 6, 2024
State:
MA
Finished Sq Ft:
3,088
Total Sq Ft:
3,088
ZIP:
02120
Lot Size:
2,430 sqft / 0.06 acres (approx)
Year Built:
1905
Units:
3
Schools
Interior
Bathrooms
6 Full Bathrooms
Flooring
Wood, Tile
Exterior
Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T- Station, University
Construction Materials
Frame
Parking Features
On Street
Roof
Rubber
Financial
Tax Year
2024
Taxes
$20,228
Map
Community
- Address9 Carmel Street Boston MA
- CityBoston
- CountySuffolk
- Zip Code02120
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Courtesy of Boston Investment Realty. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
9 Carmel Street
Boston, MA
LIGHTBOX-IMAGES