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Brian OKeefe

brian.okeefe@redfin.com +1(781) 591-9611

$ 2,600,000

Est. payment -/mo

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Price Dropped by $25K

34 Circuit Street Boston, MA 02119

17 Beds

7.5 Baths

7,365 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 4 Family - 4 Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 7,365 sqft

Price per Sqft $353

MLS Listing ID 73577592

Bedrooms 17

Full Baths 7

Half Baths 1

Year Built 1905

Annual Tax Amount $14,558

Tax Year 2027

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type 4 Family - 4 Units Up/Down

Property Description

Rare opportunity to acquire a fully renovated, condo-quality four-family investment property offering a 6.6% in-place cap rate with additional future upside. Ideally positioned between Nubian Square and Fort Hill, 34 Circuit Street offers convenient access to the Longwood Medical Area, Boston Medical Center, Northeastern University, Downtown Boston, public transportation, and the continued development throughout the Roxbury corridor. Spanning approximately 7,365 square feet, the property features four spacious, thoughtfully designed residences with condo quality finishes and desirable unit mix: one 2-bedroom, 2-bath apartment, one 4-bedroom, 1.5-bath apartment, and two expansive 5-bedroom, 2-bath apartments. Each residence features updated kitchens and baths, quality finishes, generous living spaces, and layouts designed for both livability and strong rental performance. Three off-street parking spaces. Currently generating $216,000 in annual gross rental income, the property is 100% occupied with all four units leased through August 31, 2027, providing exceptional income stability from day one. The property is projected to achieve a 7.1% capitalization rate in 2027, offering investors a compelling combination of immediate cash flow and future upside. The condo-quality renovations and strong unit mix make this a truly turnkey multifamily investment. Its larger floor plans, parking, and proximity to major employment, medical, educational, and transportation hubs support continued rental demand. Positioned between Nubian Square and Fort Hill, 34 Circuit Street is well situated to benefit from continued public and private investment throughout the surrounding area. A compelling opportunity for a 1031 exchange, portfolio expansion, or long-term investment, combining scale, stabilized income, quality renovations, parking, and future growth potential in one of Boston's evolving multifamily markets. Pro forma available upon request.

Location

State MA

County Suffolk

Area Roxbury'S Fort Hill

Zoning 0012

Direction Washington St to Oakland St to Thornton St.

Rooms

Basement Partial, Interior Entry

Interior

Interior Features Bathroom With Tub & Shower, Living Room, Kitchen, Living RM/Dining RM Combo

Heating Forced Air, Heat Pump, Electric

Cooling Central Air, Heat Pump

Flooring Tile, Hardwood

Appliance Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer

Exterior

Exterior Feature Balcony/Deck, Balcony

Community Features Public Transportation, Shopping, Park

Roof Type Rubber

Total Parking Spaces 3

Garage No

Building

Story 5

Foundation Granite, Other

Sewer Public Sewer

Water Public

Others

Senior Community false

Virtual Tour https://my.matterport.com/show/?m=cAyNuggrmeU

Listed by Compass