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INVESTMENT SNAPSHOT
About this property
Turnkey 3-family in the heart of Codman Square — fully tenanted & cash-flowing from day one! This meticulously renovated triple-decker offers two 3BR units & one 2BR unit generating $8,425/mo in current gross income with a clear path to $9,400/mo at market rents. Over $195,000 in capital improvements including lifetime metal roof, 400-amp electrical upgrade, HVAC mini splits, new kitchens & flooring, updated plumbing & refinished hardwoods. Lead certificates in hand — no delays, no surprises. Ideal for investors seeking strong in-place income or an owner-occupant looking to live affordably while the other units pay the mortgage. Codman Square offers unbeatable convenience — walk to MBTA Commuter Rail (Talbot Ave) with direct access to South Station, surrounded by shops, dining & services with continued neighborhood appreciation. A rare, move-in ready opportunity in one of Boston's most connected and high-upside neighborhoods. Do not disturb tenants.
Property details
| Units | 3 |
| Living area | 3,469 sqft |
| Lot size | 3,960 sqft |
| Year built | 1895 |
| Price / sqft | $310 |
| County | Suffolk |
| MLS # | 73513091 |
Listing status
| Days on market | 113 days |
| Listed on | May 5, 2026 |
Taxes & financials
| Annual property tax | $9,595 |
| Tax year | 2025 |
| Assessed value | $828,600 |
| Zoning | R3 |
| Gross income (actual) | $101,100/yr |
| Net operating income (actual) | $97,453/yr |
| Total actual rent | $8,425/mo |
| Electric expense | $260/yr |
Building & lot
| Stories | 3 |
| Total rooms | 15 |
| Lot size | 0.09 acres |
| Garage spaces | 0 |
| Parking spaces | 2 |
| Parking | Paved Drive, Off Street, Tandem, On Street, Paved |
| Basement | Unfinished |
| Foundation | Stone |
| Roof | Metal |
| Construction | Frame |
| Flooring | Hardwood |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
| Utilities | for Gas Range, for Electric Range, for Gas Oven, for Electric Oven |
Location
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Listing courtesy of Serhant — The Avenue. Listing data © MLS PIN.
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Questions & answers
Answered from the listing data and public map data.
How many units does 8 Colonial Ave, Boston MA 02124 have?
It is a 3-unit multi-family property with 3,469 sqft of living area, built in 1895.
How long was 8 Colonial Ave, Boston MA 02124 on the market before it sold?
8 Colonial Ave, Boston MA 02124 sold after about 169 days on the market (listed May 5, 2026, closed October 21, 2026).
What is the estimated cap rate on this 3-family in Boston?
Based on area median rents, the estimated cap rate is about 6.6%, with a Signal Score of 97/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $999,000 across 3 units, that works out to roughly $333,000 per unit.
What are the property taxes on 8 Colonial Ave, Boston MA 02124?
Annual property taxes are $9,595 (2025), on an assessed value of $828,600.
What is the price per square foot?
At $999,000 for 3,469 sqft, that's about $310 per square foot.
Is there parking?
2 total parking spaces (paved drive, off street, tandem, on street, paved).
Where is this property located?
8 Colonial Ave, Boston MA 02124 is in Boston, Suffolk County, MA 02124.
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