259 Emerson Street, Boston MA 02127
Boston, MA 02127
$1,350,000
Est. $8,539/month
About this home
259-261 Emerson is a 2-family located on one most sought after streets in South Boston convenient to the Seaport, Financial District, East Broadway and L Street Beach. The property generates $8,250 per month and is fully leased through 8/31/2027. Unit 1 is a lovely direct-entry 1-bedroom/1bath with a private patio that features a renovated kitchen and bathroom and in-unit laundry. Unit 2 is a direct-entry 3-bedroom/1bath bi-level unit that also has been renovated. This is a great opportunity to invest in arguably the strongest rental market in Boston or take advantage of a future owner-occupied situation.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Aug 5, 2026
$1,350,000
Original listing
Agent: Tony Pepdjonovic
Office: Marcus & Millichap Real Estate Investment Services
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/05/2026 | 🏠 Listed for Sale | $1,350,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $18,146 | $1,449,900 |
Financial Details
Annual Property Tax
$18,146
Tax Year 2026
Assessed Value
$1,449,900
Facts & Features
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1890
Living Area
1,945 sq ft
Lot Size
0.04 acres
Bedrooms
4
Full Baths
2
Total Rooms
8
Investment Metrics
Units
2
Unit 1 Rent
$3,500/mo · Y
Unit 2 Rent
$4,750/mo · Y
Total Monthly Rent
$8,250/mo
Gross Income
$99,000
Net Operating Income
$72,010
Operating Expenses
$26,990
Cap Rate
5.33%
Interior
Heating
Baseboard, Natural Gas
Cooling
None
Flooring
Hardwood
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Fireplace
None
Basement
Full, Unfinished
Laundry
None
Features
Upgraded Cabinets, Upgraded Countertops
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
Patio
Parking
Features
On Street
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$18,146
Assessed Value
$1,449,900
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Suffolk
Property Overview
Property Type
Multi Family
Listing Type
For Sale
Year Built
1890
Bedrooms
4
Full Bathrooms
2
Living Area
1,945 sq ft
Total Rooms
8
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,945 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPatio
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Hardwood
Appliances:
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Interior Features:
Upgraded Cabinets, Upgraded Countertops
Windows:
Basement:
Full, Unfinished
Laundry:
Security:
Construction & Materials
Year Built:
1890
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Concrete Perimeter, Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Baseboard, Natural Gas
Cooling:
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Patio
Fencing:
Other Structures:
Lot Features:
Other
Road Surface:
Parking & Garage
Parking Features:
On Street
Nearby Schools
School District
Boston School District local
C-
Where Graduates Go
Class of 2021
52%
attend college
38%
4-Year
14%
2-Year
7%
Out of State
7%
Working
School Safety
2024-25
3.7%
Above Average
3.2%
Suspensions
0.3%
In-School
0.5%
Emergency
1.8% below state avg
Elementary Schools
10 schools
F
Tynan Elementary School
0.2 mi
|
#816 of 824
|
Score: 24.8
Dropped 94 spots from last year
-33.5 below state avg
227 students
Very Diverse
Diverse Student Body
Grades PK-06
St. Peter Academy School
0.7 mi
Grades PK-08
F
Condon K-8 School
0.9 mi
|
#345 of 352
|
Score: 24.6
Improved 13 spots from last year
-33.6 below state avg
518 students
Diverse
Diverse Student Body
Grades PK-08
D
Dever Elementary School
1.3 mi
|
#752 of 824
|
Score: 32.4
Improved 56 spots from last year
-25.9 below state avg
445 students
Diverse
Rising School
Grades K-06
F
Clap Elementary School
1.4 mi
|
#808 of 824
|
Score: 26.3
Dropped 23 spots from last year
-31.9 below state avg
140 students
Diverse
Diverse Student Body
Grades PK-06
Saint John Paul II Academy - Columbia
1.5 mi
Grades PK-08
B
Excel Academy Charter School
1.5 mi
|
#155 of 346
|
Score: 54.9
Improved 160 spots from last year
-3.3 below state avg
1,379 students
Moderate
High Graduation Rate
Rising School
Grades 05-12
B
Boston Collegiate Charter School
1.5 mi
|
#167 of 346
|
Score: 53.7
Improved 31 spots from last year
-4.5 below state avg
708 students
Diverse
Rising School
College Ready Curriculum
Diverse Student Body
Grades 05-12
C-
Everett Elementary School
1.9 mi
|
#728 of 824
|
Score: 33.7
Dropped 53 spots from last year
-24.5 below state avg
288 students
Diverse
Diverse Student Body
Grades PK-06
F
Blackstone Elementary School
1.9 mi
|
#809 of 824
|
Score: 26.3
Improved 12 spots from last year
-31.9 below state avg
582 students
Moderate
Grades PK-06
Middle Schools
10 schools
Middle School Academy
0.7 mi
A
Uncommon Schools - Roxbury Preparatory Dorchester Campus Middle School
2.5 mi
|
#4 of 16
|
Score: 41.9
Improved 187 spots from last year
-16.3 below state avg
1,126 students
Diverse
Rising School
College Ready Curriculum
Grades 05-08
F
Higginson/Lewis K-8 School
2.8 mi
|
#349 of 352
|
Score: 23.6
Improved 3 spots from last year
-34.6 below state avg
213 students
Diverse
Grades 03-08
Dearborn Middle School
3.0 mi
Mother Caroline Academy
3.1 mi
Grades 05-08
Epiphany School
3.2 mi
Grades 05-08
Nativity Prep School
3.5 mi
Grades 05-08
C
Ohrenberger School
7.7 mi
|
#265 of 352
|
Score: 34.9
Improved 20 spots from last year
-23.3 below state avg
477 students
Diverse
Rising School
Diverse Student Body
Grades 03-08
UP Academy
0.7 mi
McCormack Middle
1.2 mi
High Schools
10 schools
C
Ruth Batson Academy
1.2 mi
|
#19 of 25
|
Score: 27.6
Improved 346 spots from last year
-30.6 below state avg
604 students
Diverse
8 sports
• 128 athletes
Early College Program
Rising School
Grades 07-12
C
Quincy Upper School
1.7 mi
|
#268 of 346
|
Score: 44.6
Improved 4 spots from last year
-13.6 below state avg
557 students
Very Diverse
12 sports
• 208 athletes
High Graduation Rate
Diverse Student Body
Grades 06-12
Cathedral High School
1.8 mi
9 sports
• 430 athletes
Grades 07-12
B
Dearborn STEM Academy
2.4 mi
|
#13 of 25
|
Score: 31.7
Improved 356 spots from last year
-26.6 below state avg
565 students
Diverse
10 sports
• 242 athletes
Early College Program
Rising School
Grades 07-12
Newman School
2.7 mi
Grades 07-12
A-
O'Bryant School of Math & Science
2.8 mi
|
#90 of 346
|
Score: 61.1
Improved 94 spots from last year
+2.9 above state avg
1,509 students
Very Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Diverse Student Body
Grades 07-12
A+
Boston Latin Academy
2.8 mi
|
#2 of 25
|
Score: 63.9
Improved 214 spots from last year
+5.7 above state avg
1,693 students
Very Diverse
17 sports
• 1,298 athletes
High Graduation Rate
Rising School
Strong Athletics
Diverse Student Body
Grades 07-12
C-
East Boston High School
3.3 mi
|
#305 of 346
|
Score: 37.3
Improved 31 spots from last year
-20.9 below state avg
1,252 students
Less Diverse
14 sports
• 584 athletes
Early College Program
Rising School
Grades 07-12
A+
Boston Latin School
3.4 mi
|
#19 of 346
|
Score: 73.3
Improved 61 spots from last year
+15.1 above state avg
2,424 students
Very Diverse
18 sports
• 2,006 athletes
Strong AP Program
High Graduation Rate
Rising School
Strong Athletics
Grades 07-12
D
Charlestown High School
3.4 mi
|
#322 of 346
|
Score: 31.0
Improved 49 spots from last year
-27.2 below state avg
754 students
Diverse
11 sports
• 488 athletes
Early College Program
Rising School
Grades 07-12
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Location
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Neighborhood
259 Emerson Street, Boston MA 02127
Boston, MA 02127
Listing Information
Listing Agent
Tony Pepdjonovic
Listing Office
Marcus & Millichap Real Estate Investment Services
Office Phone
617-896-7200
Agent MLS ID
CN212672
Office MLS ID
AN1252
Listing Data Updated
Aug 5, 2026 10:20 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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