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Cathryn Schwab

cathryn.schwab@engelvoelkers.com +1(401) 787-5694

$ 1,375,000

Est. payment -/mo

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19 Hiawatha Rd Boston, MA 02126

13 Beds

7 Baths

5,005 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 4 Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,005 sqft

Price per Sqft $274

MLS Listing ID 73574876

Bedrooms 13

Full Baths 7

Year Built 1989

Annual Tax Amount $12,508

Tax Year 2025

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type 4 Family

Property Description

ATTENTION INVESTORS & OWNER-OCCUPANTS: Welcome to 19 Hiawatha Rd, a fully occupied 4-family cash-flow generator located in Mattapan. Whether you are looking to scale your existing real estate portfolio or house-hack your way into property ownership, this property offers immediate rental income paired with value-add upside. The majority of in-place rent is paid directly through Section 8 programs, providing a stable, predictable income stream. Built in 1989; property is exempt from Massachusetts Lead Law requirements applicable to pre-1978 housing. MAJOR SYSTEMS & PROPERTY FEATURES: The property boasts a solid foundation. CertainTeed Landmark architectural shingle roof with synthetic underlayment and ice-and-water barrier, individual heating systems, and gas-fired hot water. Unit 4 is served by a Navien gas combination boiler. The finished basement and large detached storage shed with electric hookup for lighting provide additional usable and storage space, subject to buyer due diligence. The property also includes a 20-camera hard-wired WIFI surveillance system. VALUE-ADD POTENTIAL: Currently fully tenanted, the property generates cash flow from day one. Current rents are comfortably below market, providing meaningful opportunity to grow Net Operating Income (NOI) over time. Unit 3 was recently renovated and Unit 2 has been well maintained, while select remaining units and common areas offer cosmetic upside. Potential improvements include kitchens, baths, paint, flooring, landscaping and common areas as units turn over. On-Site Laundry Revenue: Leverage dedicated common space for coin-operated or mobile-pay laundry. Storage & Shed Monetization: The expansive finished basement and large exterior shed may offer additional storage or rental-income opportunities, subject to buyer due diligence. POTENTIAL FINANCING ADVANTAGE – ASSUMABLE FHA LOAN: For qualified owner-occupant buyers, the existing 2.25% FHA financing may be assumable, subject to lender approval. Given the below-market financing benefit, seller expects offers utilizing the assumption to reflect a premium relative to conventional financing offers. Buyers may also submit offers without the loan assumption. LOCATION & CONVENIENCE: Situated on a quiet residential street, tenants benefit from convenient access to public transportation options (including MBTA bus lines and the Mattapan High-Speed Line), local parks, shopping, and smooth commutes into Downtown Boston.

Location

State MA

County Suffolk

Zoning R4

Direction Use GPS/navigation; Hiawatha Rd is one-way.

Rooms

Basement Partially Finished, Interior Entry

Interior

Flooring Tile, Hardwood

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Community Features Public Transportation, Park, Highway Access, Public School

Utilities Available for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup

Roof Type Shingle

Garage No

Building

Lot Description Level

Story 7

Foundation Block

Sewer Public Sewer

Water Public

Others

Senior Community false

Acceptable Financing Assumable

Listing Terms Assumable

Listed by ENRG Global Realty, LLC

NEARBY SCHOOLS & PROPERTIES

Cathryn Schwab

Broker Associate License ID: REB.0019852

+1(401) 787-5694

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