Exciting value-add opportunity in desirable East Boston! This mixed-use building offers both commercial and residential zoning, with a barber shop on the first floor under a 10-year lease. The current rent is $2,500/month and will increase to $3,000/month in May 2025, with an additional $100 increase each year until the lease ends in 2033. Units 2 and 3 are Tenants at Will, providing flexibility for future occupancy or rent adjustments. The 3rd flr unit has a renovated kit, and a bonus rm, while the 2nd flr offers potential for a 2nd bdrm and TLC. The roof is approx 4 yrs old, adding to the property’s overall value and appeal. Located just a 15-minute walk from the MBTA’s Airport Station, Bremen Street Dog Park, and the scenic East Boston Greenway, the property also provides easy access to major highways for convenient connections to downtown Boston and surrounding areas. Note: Some rooms in the top two units have been used as bedrooms but do not include closets. SOLD "AS IS"!
Property Details
Property Features
Property Information:
Year Built: 1935
Living Area: 2,454 SqFt
Listing Office:
Office Name: Century 21 North East
Office Phone: (781) 286-8900
Listing Agent: Diana Franco
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 2
Total Bedroom Count: 3
Exterior Features
Exterior Information:
Waterfront: Beach, Ocean Front
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot: Corner Lot
Lot Size: 0.02 Acres
Utilities
Utilities Information:
Heating: Electric
Other
Directions Information:
Directions: Bennington St. to London St.
Price Information
Listing Price Info
Price Summary:
List Price: $999,900
Price Per SqFt: $407/SqFt
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Housing Market Comparison
See how this home compares to others in Boston, MA.
This property is $183.9K more than the Median Sold Price and $254/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: #73310600
Listing Office:
Office Name: Century 21 North East
Office Phone: (781) 286-8900
Listing Agent: Diana Franco
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. Last updated on: 11/13/2024, 11:55:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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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.
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Nearby Schools
7
/10
James Otis
218 Marion St
Distance between this listing and this school0.11 miles
Public District Grades PK-6
3
/10
Hugh Roe O'Donnell Elementary School
33 Trenton St
Distance between this listing and this school0.19 miles
Public District Grades PK-5
5
/10
Patrick J. Kennedy Elementary School
343 Saratoga St
Distance between this listing and this school0.34 miles
Public District Grades PK-5
Nearby Schools
3
/10
Mario Umana Academy
312 Border St
Distance between this listing and this school0.30 miles
Public District Grades KG-8
3
/10
Donald Mckay
122 Cottage St
Distance between this listing and this school0.46 miles
Public District Grades PK-8
8
/10
Eliot K-8 School
16 Charter St
Distance between this listing and this school1.11 miles
Public District Grades PK-8
Nearby Schools
3
/10
East Boston High School
86 White St
Distance between this listing and this school0.39 miles
Public District Grades 9-12
7
/10
Excel Academy Charter School
58 Moore St
Distance between this listing and this school1.00 miles
Public Charter Grades 5-12
1
/10
Phoenix Charter Academy
175 Hawthorne St
Distance between this listing and this school1.16 miles
The neighbors living near this home have an average income of $62,733. Typical income of Boston, MA residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
This home is located at 225 London St in Boston, MA and zip code 02128 in the East Boston neighborhood. This 2,454 square foot home, which was built in 1935, sits on a 0.02 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 07, 2024 and is currently priced at $999,900.
In October 2024, from all listings sold in Boston, MA there were more than 106 sold above asking price, over 167 sold below and more than 49 were sold right at the asked price. The number of listings in Boston, MA increased by 9.7% between September 2024 and October 2024. The median list price of listings available in October 2024 was $815,961, while the average time on the real estate market was 40 days.
From Rocket Homes Real Estate and based on county public records data.