About this home
1228-1242 Commercial Street is a 9-unit multifamily opportunity in East Weymouth comprised of a 6-unit and 3-unit property one tax parcel. The properties were extensively renovated and feature custom cabinetry, high-end appliance packages, modern bathrooms, updated flooring, recess lighting, central air-conditioning, in-unit laundry. The 6-unit was renovated to the studs and is fully sprinklered. The property is improved by a 0.2 acre lot that accommodates up to 10 vehicles. This is a great transit-oriented location convenient to the public bus and walking distance to the MBTA Commuter Rail. All the tenants are on at-will basis considerably below market for the quality of the units allowing an investor flexibility to improve rents upon purchase. Jackson Square continues to rapidly develop which bodes well for future property and rent appreciation.
Listing last checked: Listing updated:
Listed by Tony Pepdjonovic · Marcus & Millichap Real Estate Investment Services · MLS #73596045
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Details at a glance
Interior5 property facts
- Rooms
- 26
- Heating
- Forced Air, Natural Gas, Ductless
- Cooling
- Central Air, Ductless
- Flooring
- Wood
- Basement
- Yes · Full, Unfinished
Building5 property facts
- Style
- 5-9 Family
- Year built
- 1868
- Parking
- 10
- Foundation
- Concrete Perimeter, Stone, Slab
- Roof
- Shingle, Rubber
Land & utilities5 property facts
- Lot size
- 0.2 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- M-2
Financial2 property facts
- Annual taxes
- $26,457
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $2,650,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$15,605 / monthAdjust
- Principal & interest
- $13,400
- Property tax
- $2,205
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $26,457. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Automated value estimate $2,400,000
Estimated range $2,120,000–$2,650,000.
Automated estimates are not appraisals or guarantees of market value.
Request a professional market analysisPhoto-based condition insights
Overall presentation: average
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About 1228-1242 Commercial Street
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