13 Gates St, Boston, MA

About this home

Attention Investors & Owner-Occupants, Value-Add Opportunity! Rare 3-family offering four levels of living with strong upside through bedroom expansion and unit reconfiguration. Ideal for investors seeking to maximize rental income or owner-occupants looking to offset their mortgage with additional units.The first unit is a bi-level 3-bedroom with a fully finished walk-out basement, offering potential to add 2 additional bedrooms. Features include hardwood floors, an eat-in kitchen, in-unit laundry, and direct access to a fenced yard. The second unit is currently a 1-bedroom with a flexible layout that could be converted to a 2-3 bedroom, featuring hardwood floors, a renovated eat-in kitchen, and abundant natural light. The top-floor unit offers 2 large bedrooms and a private roof deck with panoramic city views. This unit requires full renovation, presenting a strong opportunity to customize and increase value. Excellent opportunity to increase bedroom count and add value.

Property details

Price

$1,550,000

Bedrooms

6

Bathrooms

3

Interior

3,544 sqft

Price / sqft

$437

Year built

1880

Lot size

1,870 sqft

Type

Multi-Family

Days on market

5

Est. property tax

$18,600/yr · $1,550/mo · 1.2% MA avg

Estimated monthly payment

Location

This home is located in Boston, MA. Browse more Boston listings on the Boston market page or explore the full Boston market report.

About Boston: Boston is the capital and most populous city of the U.S. state of Massachusetts. It serves as a cultural and financial center of New England, a region of the Northeastern United States. Boston has an area of 48.4 sq mi (125 km2) and a population of 675,647 as of the 2020 census, making it the third-most populous city in the Northeastern United States after New York City and Philadelphia. The larger Greater Boston metropolitan statistical area had a population of 4.9 million in 2023, making it the largest metropolitan area in New England and the eleventh-largest in the United States. (source: Wikipedia)

Climate: Average year-round temperature is 52°F with 203 dry days per year and 46.9 inches of annual rainfall.

Neighborhood (zip 02127)

This neighborhood is highly educated (45% hold a bachelor's degree). Median age is 32.4; 45% of homes are owner-occupied; median household income is $145,357.

Median income

$145,357

Median age

32.4

Owner-occupied

44.5%

Bachelor's degree

44.6%

Census median home value

$818,200

Source: US Census Bureau American Community Survey 5-year estimates.

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