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83-85 Highland Street

$2,450,000
83-85 Highland Street, Boston, MA 02119
83-85 Highland Street

83-85 Highland Street

$2,450,000

Rarely available at this scale, this substantial Fort Hill three-family offers 15 bedrooms, 6 bathrooms, nearly 5,750 square feet of rentable living area, strong in-place income, and a current 6.76% cap rate in one of Boston's most strategically located rental markets. Each of the three expansive residences features 5 bedrooms and 2 full bathrooms, with renovated kitchens and 2 full bathrooms and the added convenience of in-unit laundry. Fully leased through August 31, 2027, the property currently generates $16,725 per month and $200,700 in annual gross rental income, providing immediate, stabilized cash flow with a projected 7.28% cap rate by September 1, 2027. Ideally positioned in historic Fort Hill, the property combines neighborhood character with exceptional access to some of Boston's largest employment, educational, and medical centers. Located between the Jackson Square and Roxbury Crossing Orange Line stations, with additional public transportation nearby, the property offers convenient connectivity throughout Boston and is close to Northeastern University, Wentworth, MassArt, and the Longwood Medical and Academic Area. Longwood, just down the road, is home to Brigham and Women's Hospital, Boston Children's Hospital, Beth Israel Deaconess Medical Center, Dana-Farber Cancer Institute, Harvard Medical School, and numerous other healthcare, research, and academic institutions. With three large 5-bedroom residences, renovated interiors, in-unit laundry, strong existing income, long-term leases, and proximity to transit, universities, and Longwood, this is a compelling opportunity to acquire a stabilized, high-capacity income-producing asset in a well-connected Boston neighborhood.
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Thank you for your interest in 83-85 Highland Street, Boston, MA 02119. We are reviewing your request and will be in touch shortly!

Features & Amenities

Interior

Total Bedrooms 15
Total Bathrooms 6
Full Bathrooms 6
Flooring Wood, Hardwood
Appliances Oven, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Other Interior Features Storage, Stone/Granite/Solid Counters, Bathroom with Shower Stall, Bathroom With Tub, Smart Thermostat, Open Floorplan, Living Room, Kitchen

Exterior

Stories 3
Water Source Public
ROOF Rubber
Lot Features Corner Lot
Parking On Street
Heat type Natural Gas
Air Conditioning Central Air, Window Unit(s)
Sewer Public Sewer
Substructure Concrete Perimeter

Area & Lot

Status For Sale
LIVING SPACE 5,748 Sq.Ft.
TOTAL AREA 5,748 Sq.Ft.
LOT SIZE 1,931 Sq.Ft.
MLS® ID 73577201
Type Multi-Family
Year Built 1900

Financial

SALES PRICE $2,450,000
REAL ESTATE TAXES $12,776/yr
Zoning 0013

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