1 year on rocket

493-495 E 7th St, Boston, MA, 02127

$3,000,000

9 Bedrooms
8 Full Baths
5,668 SqFt
$529/SqFt
Multi
Schools Nearby

Location

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Property Highlights

Home TypeMulti Family
ParkingOn Street
Year Built1905
BasementYes
WaterfrontBeach
MLS #73094948
Lot Size0.08 Acres
StatusActive

About 493-495 E 7th St

Rarely available, fully occupied, semi-attached, turnkey six-family with three sides of exposure! This spacious multi-family offers 4 one bedroom, one bathroom units occupying the second and third floors, as well as a first and garden level two bedroom, two bathroom duplex, and a three bedroom, two bathroom first and garden level duplex. Current rents are well below market value and easy to increase with little to no capital improvements, making $200,000+ gross rent per year achievable. Set in an ideal South Boston location - only two blocks to the beach, four blocks to bustling E. Broadway where there is something for everyone - restaurants, coffee shops, bars and grocery store. Close to major bus lines and public transit - this is an investor's dream, attracting a steady stream of quality tenants in a red hot rental market. Brand new back decks and 2nd means of egress!

Property Details

Property Features

Property Information:

  • Year Built: 1905
  • Living Area: 5,668 SqFt

Listing Office:

  • Office Name: Compass
  • Listing Agent: Aranson Maguire Group

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Tile, Hardwood, Parquet

Bedroom and Bathroom Information:

  • Full Bathrooms: 8
  • Total Bedroom Count: 9

Exterior Features

Exterior Information:

  • Waterfront: Beach
  • Exterior: Deck - Wood, Patio, Gutters, Screens

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.08 Acres

School Info

Assigned Schools Information:

  • Excel High School, Public District Grades 9-12
  • Quincy Upper School, Public District Grades 6-12
  • Snowden International School At Copley, Public District Grades 9-12
  • Oliver Hazard Perry, Public District Grades PK-8
  • John W Mccormack, Public District Grades 6-8
  • James P Timilty Middle School, Public District Grades 6-8
  • Michael J Perkins, Public District Grades KG-5
  • James Condon Elementary School, Public District Grades PK-5
  • Paul A Dever, Public District Grades PK-5

Other

Directions Information:

  • Directions: Corner of Springer St and East 7th St

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,000,000
  • Price Per SqFt: $529/SqFt

Agent Commission:

  • Buyer's Agent Commission: 2.5
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Housing Market Comparison

See how this home compares to others in Boston, MA.

Med. Sold Price

$807K

Med. Price/SqFt

$652

Avg. Days On Market

41

# of Sold Homes

351

493-495 E 7th St vs Boston

393 DAYS ON ROCKET

+352 Days

$3,000,000

+$2.1M More

$529/SqFt

-$124 Less

KEY TAKEAWAY

This property is $2.1M more than the Median Sold Price and $124/SqFt less than other homes in Boston, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73094948

Listing Office:

  • Office Name: Compass
  • Listing Agent: Aranson Maguire Group

IDX Disclaimer: 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. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/2/2024, 12:55:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$15K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$9,061

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4498297
4
/10
  • Michael J Perkins

  • 50 Burke St

  • 0.61 miles

  • Public District Grades KG-5

school-card-donut-4498298
4
/10
  • James Condon Elementary School

  • 200 D St

  • 0.79 miles

  • Public District Grades PK-5

school-card-donut-4498299
3
/10
  • Paul A Dever

  • 325 Mount Vernon St

  • 1.03 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4498300
4
/10
  • Oliver Hazard Perry

  • 745 E 7th St

  • 0.47 miles

  • Public District Grades PK-8

school-card-donut-4498301
2
/10
  • John W Mccormack

  • 315 Mount Vernon St

  • 1.01 miles

  • Public District Grades 6-8

school-card-donut-4498302
2
/10
  • James P Timilty Middle School

  • 205 Roxbury St

  • 2.64 miles

  • Public District Grades 6-8

High School

school-card-donut-4498303
1
/10
  • Excel High School

  • 95 G St

  • 0.28 miles

  • Public District Grades 9-12

school-card-donut-4498304
2
/10
  • Quincy Upper School

  • 152 Arlington St

  • 1.88 miles

  • Public District Grades 6-12

school-card-donut-4498305
1
/10
  • Snowden International School At Copley

  • 150 Newbury St

  • 2.35 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $101,042. Typical income of Boston, MA residents is between $100k-200k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

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Rocket HomesMassachusettsSuffolk CountyBoston02127493-495 E 7th St

This home is located at 493-495 E 7th St in Boston, MA and zip code 02127 in the South Boston neighborhood. This 5,668 square foot home, which was built in 1905, sits on a 0.08 acre lot. Features: 9 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since April 04, 2023 and is currently priced at $3,000,000.

In April 2024 more than 128 listings in Boston, MA were sold above the asking price. During the same period more than 64 listings were sold at asking price, while more than 159 were sold below. The number of listings in Boston, MA increased by 25.3% between March 2024 and April 2024. The median list price of listings available in April 2024 was $807,012, while the average time on the real estate market was 41 days.

From Rocket Homes Real Estate and based on county public records data.

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