465 Columbia Rd offers investors the opportunity to acquire a well-positioned asset in one of the top investment markets in the country. 465 Columbia Rd is a 3 story, 11-unit building with a single office space on the ground level. The asset is master leased for 10 yrs to the Pine Street Inn, one of Boston’s largest non-profit landlords, providing a 10 yr net lease guaranteed income. The building has undergone an extensive capital improvement program including installation of vinyl floors, updated kitchens with stainless steel appliances, fire-life safety systems, washer/dryers, and a new roof. The location provides residents an ideal location, situated in a transportation hub btwn both the Upham’s Corner MBTA commuter rail station and the Savin Hill MBTA Red Line Station. The commuter rail stop is just 0.5 miles from the building with service along the Fairmount Line to South Station and the Savin Hill MBTA station is just 1.0 miles from the asset providing service along the Red Line.
Multi-familyProperty Type
1920Year Built
6,608 sq ftLot Size
$126Price/Sq.Ft.
Listed by Christopher Sower• Boston Realty Advisors
CASH COW! RARE OFFERING OF A GORGEOUS BRICK 11 UNIT BUILDING IN A HIGHLY SOUGHT AFTER BOSTON NEIGHBORHOOD! THE UNIT MIX IS COMPRISED OF ONE (3) THREE BEDROOM, FOUR (4) TWO BEDROOMS & SIX (1) ONE BEDROOMS. TENANT'S PAY GAS HEAT & HOT WATER. BUILDING WAS GUT-REHABED ABOUT 7 YEARS AGO. FULL SPRINKLER SYSTEM. LAUNDRY ROOM POTENTIAL. THE GROSS INCOME IS $149,160/YEAR WITH EXPENSES OF $31,532.82. THE NOI IS $112,093.18. THE ESTIMATED CAP RATE IS 8.6% & AN ESTIMTED RETURN OF 15%! LOAN MUST BE ASSUMED.
Public Records
Sep 22, 2004
Sold
$465,000
$32/sq ft
Public Records
Jan 16, 1998
Sold
$235,000
$16/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$414,800 + $1,002,500
$1,417,300
2022
$414,800 + $947,600
$1,362,400
2021
$401,000 + $964,200
$1,365,200
2020
$401,000 + $890,000
$1,291,000
2019
$401,000 + $831,500
$1,232,500
2018
$14,489 (−10.4%)
$387,200 + $995,300
$1,382,500
2017
$16,176 (+6.6%)
$366,400 + $1,161,100
$1,527,500
2016
$15,169 (+13.2%)
$338,700 + $1,040,300
$1,379,000
2015
$13,400 (+7.7%)
$304,200 + $802,300
$1,106,500
2014
$12,442 (+9.4%)
$262,700 + $726,300
$989,000
2013
$11,373 (+29.1%)
$262,700 + $602,800
$865,500
2012
$8,809 (+18.1%)
$248,900 + $426,600
$675,500
2011
$7,457
$248,900 + $334,100
$583,000
2009
$7,457 (+13.2%)
$248,900 + $334,100
$583,000
2006
$6,585
$248,900 + $370,600
$619,500
Tax history for 465 Columbia Rd
Year
Property tax
Land + Additions
Assessment*
2023
$414,800 + $1,002,500
$1,417,300
2022
$414,800 + $947,600
$1,362,400
2021
$401,000 + $964,200
$1,365,200
2020
$401,000 + $890,000
$1,291,000
2019
$401,000 + $831,500
$1,232,500
2018
$14,489 (−10.4%)
$387,200 + $995,300
$1,382,500
2017
$16,176 (+6.6%)
$366,400 + $1,161,100
$1,527,500
2016
$15,169 (+13.2%)
$338,700 + $1,040,300
$1,379,000
2015
$13,400 (+7.7%)
$304,200 + $802,300
$1,106,500
2014
$12,442 (+9.4%)
$262,700 + $726,300
$989,000
2013
$11,373 (+29.1%)
$262,700 + $602,800
$865,500
2012
$8,809 (+18.1%)
$248,900 + $426,600
$675,500
2011
$7,457
$248,900 + $334,100
$583,000
2009
$7,457 (+13.2%)
$248,900 + $334,100
$583,000
2006
$6,585
$248,900 + $370,600
$619,500
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
The Multifamily Residential (MFR) Subdistricts are established to encourage medium-density multifamily areas with a variety of allowed housing types, including one-, two- and three-family Dwellings, Row Houses, Town Houses, and Multifamily Dwellings.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Group
Housing-Single unit
Park & open space
Apr 26, 2021 • Final
Electrical fire alarms
Work on a fire alarm.
Fire sprinkler
Apr 2, 2021 • Final
Short form bldg
Perform interior and exterior work on a residential building.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Bathroom Information
# of Bathrooms (Full): 11
Interior Features
# of Rooms (Total): 22
Exterior
Building Information
Building Area (Total): 14,640
Stories (Total): 3
Year Built Source: Public Records
Year Built Details: Unknown/Mixed
Property Information
PropertySubType: 5+ Family - 5+ Units Up/Down
Lot Information
Lot Size (Acres): 0.15
Financial
Tax Information
Tax Annual Amount: $13,400
Tax Year: 2015
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Location
Unit #1 Information
# of Levels: 1
# of Floors: 1
Lease: Y
Unit #2 Information
# of Levels: 1
# of Floors: 2
Lease: Y
Location Information
Directions: Located in Dorchester's Upham's Corner neighborhood.
UnparsedAddress: 465 Columbia Rd, Boston MA 02125
Community Information
Senior CommunityYN: No
Public facts
Beds: —
Baths: —
Sq. Ft.: 10,980
Stories: 3.0
Lot Size: 6,534 square feet
Style: Other
Year Built: 1920
Year Renovated: 2006
County: Suffolk County
APN: 1299237
Home facts updated by county records on Jul 20, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Everett Elementary School
Public PreK-6 • Assigned • 0.4mi
5/10
Lilla G. Frederick Middle School
Public 7-8 • Assigned • 0.5mi
3/10
Carter School
Public 8-12 • Assigned • 0.5mi
Albert D Holland School of Technology
Public 7-12 • Assigned • 0.8mi
2/10
Boston Latin Academy
Public 7-12 • Assigned • 0.9mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Flood Factor
We're working on getting current and accurate flood risk information for this home.
Fire Factor
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6/10 Heat Factor
7 hot days expected this year, 15 days in 30 years
Wind Factor
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3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Dorchester, MA • 02125
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Sun exposure
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