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INVESTMENT SNAPSHOT
About this property
Steps away from the Red Line train (Ashmont)! Exceptional investment opportunity in the heart of Dorchester, offering a rare combination of high income, transit-oriented location, and long-term upside potential. This well-maintained de-leaded income-producing property generates $114,864 in current annual rental income and delivers an approximate 7% cap rate, making it an attractive addition to any investor’s portfolio. Whether you are looking to expand your holdings, complete a 1031 exchange, or secure a stable asset in a high-demand rental market, this property checks all the boxes. Positioned in one of Dorchester’s most desirable and commuter-friendly neighborhoods, the property is located just moments from the Ashmont Red Line station, providing direct and convenient access to downtown Boston, Cambridge, and surrounding areas.
Property details
| Units | 3 |
| Living area | 3,465 sqft |
| Lot size | 3,953 sqft |
| Year built | 1905 |
| Price / sqft | $394 |
| County | Suffolk |
| MLS # | 73492334 |
Listing status
| Days on market | 74 days |
| Listed on | March 26, 2026 |
Taxes & financials
| Annual property tax | $14,044 |
| Tax year | 2025 |
| Assessed value | $1,212,800 |
| Zoning | R3 |
| Gross income (actual) | $114,864/yr |
| Net operating income (actual) | $114,864/yr |
| Total actual rent | $9,572/mo |
Building & lot
| Stories | 3 |
| Total rooms | 15 |
| Lot size | 0.09 acres |
| Garage spaces | 0 |
| Parking spaces | 3 |
| Parking | Paved Drive, Off Street |
| Basement | Unfinished |
| Foundation | Concrete Perimeter |
| Flooring | Wood |
Utilities & systems
| Heating | Oil |
| Cooling | Window Unit(s) |
| Sewer | Public Sewer |
| Water | Public |
| Appliances | Range, Oven, Dishwasher, Disposal, Refrigerator |
Location
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Listing courtesy of Coldwell Banker Realty - Canton — Troy Johnson. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 84 Bailey St, Boston MA 02124 have?
It is a 3-unit multi-family property with 3,465 sqft of living area, built in 1905.
How long has 84 Bailey St, Boston MA 02124 been on the market?
84 Bailey St, Boston MA 02124 has been listed for 74 days (since March 26, 2026).
What is the estimated cap rate on this 3-family in Boston?
Based on area median rents, the estimated cap rate is about 5.7%, with a Signal Score of 91/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,365,000 across 3 units, that works out to roughly $455,000 per unit.
What are the property taxes on 84 Bailey St, Boston MA 02124?
Annual property taxes are $14,044 (2025), on an assessed value of $1,212,800.
What is the price per square foot?
At $1,365,000 for 3,465 sqft, that's about $394 per square foot.
Is there parking?
3 total parking spaces (paved drive, off street).
Where is this property located?
84 Bailey St, Boston MA 02124 is in Boston, Suffolk County, MA 02124.
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