About 259 Emerson Street
259-261 Emerson is a 2-family located on one most sought after streets in South Boston convenient to the Seaport, Financial District, East Broadway and L Street Beach. The property generates $8,250 per month and is fully leased through 8/31/2027. Unit 1 is a lovely direct-entry 1-bedroom/1bath with a private patio that features a renovated kitchen and bathroom and in-unit laundry. Unit 2 is a direct-entry 3-bedroom/1bath bi-level unit that also has been renovated. This is a great opportunity to invest in arguably the strongest rental market in Boston or take advantage of a future owner-occupied situation.
Features of 259 Emerson Street
| MLS® # | 73559400 |
|---|---|
| Price | $1,350,000 |
| Units | 2 |
| Bedrooms | 4 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,945 |
| Acres | 0.04 |
| Year Built | 1890 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 259 Emerson Street |
|---|---|
| City | Boston |
| County | Suffolk |
| State | MA |
| Zip Code | 02127 |
Amenities
| Parking | On Street |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 3 |
| Stories | 3 |
Additional Information
| Zoning | R2 |
|---|---|
| Gross Income | $99,000 |
| Net Operating Income | $72,010 |
| Operating Expense | $26,990 |
| Total Actual Rent | $8,250 |
| Rent Includes | Unit 1(Water), Unit 2(Water) |
Listing Details
| Agent | Tony Pepdjonovic |
|---|---|
| Office | Marcus & Millichap Real Estate Investment Services |