Agent profile image in chat bubble
Agent profile image in chat header

Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

Agent profile image in message

19 Hiawatha Rd , Boston, MA 02126
$1,375,000
Est. Payment: $3,055.56/mo
13 Bed
7 Bath
5005 Sqft
Status: Active | Days on site: 7
Get Pre-Qualified
AN9585 - CN241130
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.

House Description

ATTENTION INVESTORS & OWNER-OCCUPANTS: Welcome to 19 Hiawatha Rd, a fully occupied 4-family cash-flow generator located in Mattapan. Whether you are looking to scale your existing real estate portfolio or house-hack your way into property ownership, this property offers immediate rental income paired with value-add upside. The majority of in-place rent is paid directly through Section 8 programs, providing a stable, predictable income stream. Built in 1989; property is exempt from Massachusetts Lead Law requirements applicable to pre-1978 housing. MAJOR SYSTEMS & PROPERTY FEATURES: The property boasts a solid foundation. CertainTeed Landmark architectural shingle roof with synthetic underlayment and ice-and-water barrier, individual heating systems, and gas-fired hot water. Unit 4 is served by a Navien gas combination boiler. The finished basement and large detached storage shed with electric hookup for lighting provide additional usable and storage space, subject to buyer due diligence. The property also includes a 20-camera hard-wired WIFI surveillance system. VALUE-ADD POTENTIAL: Currently fully tenanted, the property generates cash flow from day one. Current rents are comfortably below market (market rent per HUD is $13,351), providing meaningful opportunity to grow Net Operating Income (NOI) over time. Unit 3 was recently renovated and Unit 2 has been well maintained, while select remaining units and common areas offer cosmetic upside. Potential improvements include kitchens, baths, paint, flooring, landscaping and common areas as units turn over. On-Site Laundry Revenue: Leverage dedicated common space for coin-operated or mobile-pay laundry. Storage & Shed Monetization: The expansive finished basement and large exterior shed may offer additional storage or rental-income opportunities, subject to buyer due diligence. POTENTIAL FINANCING ADVANTAGE – ASSUMABLE FHA LOAN: For qualified owner-occupant buyers, the existing 2.25% FHA financing may be assumable, subject to lender approval. Given the below-market financing benefit, seller expects offers utilizing the assumption to reflect a premium relative to conventional financing offers. Buyers may also submit offers without the loan assumption. LOCATION & CONVENIENCE: Situated on a quiet residential street, tenants benefit from convenient access to public transportation options (including MBTA bus lines and the Mattapan High-Speed Line), local parks, shopping, and smooth commutes into Downtown Boston.

Highlights

Listed by Saad Munir , 781-296-6446 ENRG Global Realty, LLC , 857-557-8949.

Property Type

Multi-Family

Lot/Acreage
0.15

Year Built

1989

County

Suffolk

Listing ID

73574876

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:13
  • Bathrooms:7
  • Full Bathrooms:7
Floor:Tile,Hardwood
Water:Public

Exterior Features

Lot:Level
Garage Capacity:0
Zoning:R4
Roof:Shingle
Sewer:Public Sewer
Principal Interest
$3,056
Taxes
$1,042

Home Price

$1,375,000

Loan Details

30 yrs
%

Down Payment

20%
$275,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,055.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,055.56 $1,042.33 $0.00 $4,097.89
Yearly $36,666.67 $12,508.00 $0.00 $49,174.67
Total $1,100,000.00 $375,240.00 $0.00 $1,475,240.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Sep 2026

Average Price

All Price Ranges
N/A
Sep 2026

Average Days on Market

All Price Ranges
N/A
Sep 2026
Market insight data is pulled from the same city as the listing being viewed (Boston, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.