MA
Suffolk
Boston
02119
83-85 Highland Street
83-85 Highland Street, Boston, MA 02119
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Listing Type
Multi Family
Listing Status
Active
31
$2,475,000

Home Details for 83-85 Highland Street

Price
$2,475,000
Type
Residential Income
Bedrooms
15
Total Bathrooms
6
Full Bathrooms
6
Square feet
5748
Year built
1900
Lot size acres
0.04
County
Suffolk
Total rooms
27
Basement
Dirt Floor
MLS Listing#
73577201
Property Description

Rarely available at this scale, this substantial Fort Hill three-family offers 15 bedrooms, 6 bathrooms, nearly 5,750 square feet of rentable living area, strong in-place income, and a current 6.76% cap rate in one of Boston’s most strategically located rental markets. Each of the three expansive residences features 5 bedrooms and 2 full bathrooms, with renovated kitchens and 2 full bathrooms and the added convenience of in-unit laundry. Fully leased through August 31, 2027, the property currently generates $16,725 per month and $200,700 in annual gross rental income, providing immediate, stabilized cash flow with a projected 7.28% cap rate by September 1, 2027. Ideally positioned in historic Fort Hill, the property combines neighborhood character with exceptional access to some of Boston’s largest employment, educational, and medical centers. Located between the Jackson Square and Roxbury Crossing Orange Line stations, with additional public transportation nearby, the property offers convenient connectivity throughout Boston and is close to Northeastern University, Wentworth, MassArt, and the Longwood Medical and Academic Area. Longwood, just down the road, is home to Brigham and Women’s Hospital, Boston Children’s Hospital, Beth Israel Deaconess Medical Center, Dana-Farber Cancer Institute, Harvard Medical School, and numerous other healthcare, research, and academic institutions. With three large 5-bedroom residences, renovated interiors, in-unit laundry, strong existing income, long-term leases, and proximity to transit, universities, and Longwood, this is a compelling opportunity to acquire a stabilized, high-capacity income-producing asset in a well-connected Boston neighborhood.

Property Features
  • House Interior
    • Storage
    • Smart Thermostat
    • Open Floorplan
  • Cooling Information
    • Central Air
    • Window Unit(s)
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • Parking
    • On Street
  • Basement
    • Dirt Floor
Listing Courtesy: Compass - 617-752-6845
Presented by: Mission Realty Advisors
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT BAYSIDE REALTY
1827 Dorchester Avenue, Boston, MA 02124
Office
617 265 6111
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