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~9% CAP RATE "” ~$136,470 NOI "” 15 BEDROOMS "” ~2,000 SF EACH FLOOR472 Warren St, Boston. Three-family on the Roxbury-Dorchester line, directly across from Boston Latin Academy (205 Townsend). Classic stacked-porch building with three 5-bedroom units, each about 2,000 SF. Play it two ways: hold as a high-bedroom rental or condo-convert. Comparable large condo units in this pocket have traded in the ~$700-800K range. Current tenants pay their own utilities. Each unit has its own heat and hot water systems in great condition. Kitchens and baths are updated. Hardwood floors are strong and well-maintained. Walk-up 4th-floor attic is unfinished and can add SF to the third floor or support an additional unit, subject to Boston ISD/zoning. Basement runs nearly 2,000 SF with 10+ ft ceilings and shared washer/dryer. On-street parking on Warren, a main spine between Nubian Square and Grove Hall. Washington Park Mall is close. Buses 23 and 28 run the corridor to Ruggles (Orange Line + commuter rail). Uphams Corner / Fairmount Line is nearby. Boston Medical Center, Longwood, Franklin Park, and South Bay retail are a short trip. Grocery, restaurants, and neighborhood retail sit on Warren and Blue Hill Ave. Scale plus location: 15 beds, separate systems, tenant-paid utilities, and leftover attic/basement SF in a walkable exam-school block.Attic/basement build-out not guaranteed; confirm with the City of Boston.
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Listing provided by Smith & Oak Greater Boston Group, Smith and Oak Real Estate Co.
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