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252-254 Magnolia St 6 Unit Apartment Building $1,899,000 ($316,500/Unit) 7.02% Cap Rate Dorchester, MA 02121
Executive Summary
Unlock this prime investment opportunity in one of Dorchester’s fastest-growing neighborhoods.This six-unit multifamily features five 3-bed/1-bath units and one 2-bed/1-bath unit, offering strong value-add potential investors can increase cash flow through cosmetic updates and strategic improvements.Minutes from Four Corners/Geneva and Upham’s Corner commuter rail stations, the location attracts renters seeking convenience and transit access. Nearby grocery stores, shops, and restaurants support strong rental demand.Private decks, a fenced backyard, and direct access to an adjacent playground add to tenant appeal. This property combines the opportunity to enhance cash flow with a desirable, rapidly developing location. Video walkthrough/virtual tour available.
Property Facts
| Price | $1,899,000 | Apartment Style | Low-Rise |
| Price Per Unit | $316,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 7.02% | Building Size | 5,627 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1899 |
| Property Subtype | Apartment | ||
| Zoning | R4 | ||
| Price | $1,899,000 |
| Price Per Unit | $316,500 |
| Sale Type | Investment |
| Cap Rate | 7.02% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,627 SF |
| No. Stories | 3 |
| Year Built | 1899 |
| Zoning | R4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 3+1 | 5 | - | - |
1 1
Exceptionally walkable
90/100
Fairly drivable
40/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | DORC-000000-000014-000119 | Improvements Assessment | $706,600 |
| Land Assessment | $515,300 | Total Assessment | $1,221,900 |
Property Taxes
Parcel Number
DORC-000000-000014-000119
Land Assessment
$515,300
Improvements Assessment
$706,600
Total Assessment
$1,221,900
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252-254 Magnolia St
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