4-Unit Apartment
19 Hiawatha Rd, Boston, MA 02126
For Sale
New
$1,375,000
All four residences are occupied, with separate heating systems and shared space available for laundry use.
Property Size5,005 SF
Price / SF$274.73
Days on Market2
Property Features for 19 Hiawatha Rd
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Road Access
Public Transit
Utilities to Site
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Tenancy
Listing Agency:
ENRG Global Realty, LLC
(857) 557-8949
Listed By:
Saad Munir
(781) 296-6446
Source:
Littletonrealtygroup
Added: Nov 14
Last Checked: Nov 14 at 2:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ENRG Global Realty, LLC
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Investment Insights
Based on property information with market context.
This 5,005-square-foot, four-unit residential property was built in 1989 and is zoned R4. Each residence has its own heating system; hot water is gas-fired, and Unit 4 has a Navien combination boiler. Unit 3 has been renovated, while Unit 2 is described as well maintained. The building also includes a finished basement, a detached storage shed with an electrical connection for lighting, and a hard-wired, 20-camera Wi-Fi surveillance system. Common space is identified as a possible location for a laundry setup.
All four units are currently occupied. Section 8 programs provide a portion of the in-place rental payments. The property is on Hiawatha Road in Mattapan, with access to MBTA bus service and the Mattapan High-Speed Line, as well as local parks and shopping. Downtown Boston is also noted as accessible for commuting.
All four units are currently occupied. Section 8 programs provide a portion of the in-place rental payments. The property is on Hiawatha Road in Mattapan, with access to MBTA bus service and the Mattapan High-Speed Line, as well as local parks and shopping. Downtown Boston is also noted as accessible for commuting.
Key Highlights
- Four occupied residential units; some rental payments are made through Section 8 programs
- 5,005 square feet; built in 1989 and zoned R4
- Individual heating systems; gas‑fired hot water, with a Navien combination boiler in Unit 4
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,473
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,529,460
$2.5M
Cap Rate 7%
$1,806,757
$1.8M
Cap Rate 9%
$1,405,256
$1.4M
Market Conditions
NOI Build-Up for 5,005 SF
Gross rent
$189.2K $37.80/SF
− Vacancy
−$8.5K −$1.70/SF
EGI
$180.7K $36.10/SF
− OpEx
−$54.2K −$10.83/SF
NOI
$126.5K $25.27/SF
Area
Boston, MA
Vacancy
4.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,529,460
Cap Rate 7%
$1,806,757
Cap Rate 9%
$1,405,256
Alternative Uses
Best Use
Multifamily LT 5
$1.81M
$1.58M – $2.11M
NOI $126,473 @ 7.0% cap · market cap 9.20%
Second Best
Apartment 5plus
$1.68M
$1.47M – $1.96M
NOI $117,578 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$3.75M
$3.28M – $4.37M
NOI $262,342 @ 7.0% cap · market cap 19.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
828
Businesses Nearby
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Business Placement
Demographics for 02126, MA
22,734
Population
9,617
Households
2.4
Avg Household Size
38
Median Age
24%
College-Educated
87%
High-School Grad
1.8 sq mi
ZIP Area
12,630
Density / Sq Mi
$67,206
Median Household Income
$42,397
Median Earnings
$1,659
Median Rent
$515,000
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Boston, MA
Properties on Market for Quadplexes in Boston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are occupied, with separate heating systems and shared space available for laundry use.
Where is this quadplex located?
The property is located at 19 Hiawatha Rd Boston, MA.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Four occupied residential units; some rental payments are made through Section 8 programs; 5,005 square feet; built in 1989 and zoned R4; Individual heating systems; gas‑fired hot water, with a Navien combination boiler in Unit 4
