19 days on rocket

577 Massachusetts Ave, Boston, MA, 02118

$5,300,000

9 Bedrooms
6 Full Baths, 1 Partial
5,435 SqFt
$975/SqFt
Multi

Location

Image provided by Mapbox

Property Highlights

Home TypeMulti Family
ParkingOn Street
Year Built1920
HeatingCentral, Natural Gas
CoolingCentral Air
ViewCity
MLS #73308669
Lot Size0.05 Acres
StatusActive

About 577 Massachusetts Ave

Don’t miss this rare opportunity to own a gut-renovated four-family investment property in Boston’s coveted South End. This historic brick row house features four never-lived-in units, offering the potential to achieve superior rents. The building includes two 2-bed/1-bath apartments, one 2-bed/2-bath apartment, and a massive 3 bed/2.5-bath penthouse duplex, with an additional loft level. Extensive renovations, featuring brand new utilities and mechanical systems, provide investors with the assurance that their property is well-equipped for long-term success. Private outdoor space, in-unit laundry, and central heating and cooling make this property stand out among comparable rental options. An easy condo-conversion alternative also provides investors with the option to sell as condos in the future. Ideally located near universities, public transportation, and the city’s best amenities, 577 Mass Ave is truly a prime investment opportunity.

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Living Area: 5,435 SqFt

Listing Office:

  • Office Name: AJM Group Realty, Inc.
  • Office Phone: (617) 974-7007
  • Listing Agent: Benjamin Mandelbraut

Interior Features

Interior Information:

  • Appliances: Oven, Dishwasher, Disposal, Microwave, Range, Refrigerator, Freezer, Washer, Dryer, Range Hood
  • Flooring Type: Tile, Hardwood
  • Interior: Storage, Walk-In Closet(s), Bathroom with Shower Stall, Remodeled, Other, Cathedral/Vaulted Ceilings, Living Room, Dining Room, Kitchen, Family Room, Loft, Office/Den

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 6
  • Total Bedroom Count: 9

Exterior Features

Exterior Information:

  • View: City
  • Exterior: Balcony/Deck

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Central, Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Mass. Ave., between Tremont & Shawmut

Price Information

Listing Price Info

Price Summary:

  • List Price: $5,300,000
  • Price Per SqFt: $975/SqFt
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Housing Market Comparison

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

Med. Sold Price

$815.9K

Med. Price/SqFt

$660

Avg. Days On Market

40

# of Sold Homes

322

577 Massachusetts Ave vs Boston

19 DAYS ON ROCKET

-21 Days

$5,300,000

+$4.4M More

$975/SqFt

+$314 More

KEY TAKEAWAY

This property is $4.4M more than the Median Sold Price and $314/SqFt more 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: #73308669

Listing Office:

  • Office Name: AJM Group Realty, Inc.
  • Office Phone: (617) 974-7007
  • Listing Agent: Benjamin Mandelbraut

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.
Last updated on: 11/21/2024, 6:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021 - $1,249,400
2020 - $1,198,300
2019 - $1,166,500
2018 - $1,132,500
2017 - $1,107,000

History based on county public records data.

Payment Calculator

$26.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$15.9K

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Rocket Mortgage

NMLS#3030

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.

Nearby Schools

school-card-donut-201564
3
/10
  • Blackstone Innovation School

  • 380 Shawmut Ave

  • 0.40 miles

  • Public District Grades PK-5

school-card-donut-201565
2
/10
  • Samuel W. Mason Elementary School

  • 150 Norfolk Ave

  • 0.87 miles

  • Public District Grades PK-5

school-card-donut-201566
6
/10
  • Josiah Quincy Elementary School

  • 885 Washington St

  • 1.00 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,462. Most Boston, MA residents have annual incomes less than $35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

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Rocket HomesMassachusettsSuffolk CountyBoston02118577 Massachusetts Ave

This home is located at 577 Massachusetts Ave in Boston, MA and zip code 02118 in the Chester Square neighborhood. This 5,435 square foot home, which was built in 1920, sits on a 0.05 acre lot. Features: 9 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since November 01, 2024 and is currently priced at $5,300,000.

Boston, MA housing market in October 2024 saw over 106 listings sold above listed price, more than 49 sold at listed price and over 167 sold below. The number of listings in Boston, MA increased by 9.7% between September 2024 and October 2024. While the average time on the market in October 2024 was 40 days, the median list price was $815,961.

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

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