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640 River Street, Boston MA 02126

Boston, MA 02126 • Mattapan
$1,490,000
12
Beds
6
Baths
5,448
Sq Ft
$273
Price/Sq Ft
0.18
Acres
1920
Year Built
6
Parking
56
Days on Market
Closed Listed Apr 18, 2021 • MLS# 72816650 Copied! • Updated Aug 3, 2021

Sale Statistics

Sale Overview
Original List Price: $1,600,000
Final Sale Price: $1,490,000
Difference: $110,000 (-6.9%)
Performance Metrics
93.1%
List to Sale Ratio
Sold below asking price
56
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $294
Sale $/sq ft: $273
This property sold for $273 per square foot
Sale Summary

This property sold for 6.9% below the original asking price.

The property spent 56 days on market before selling.

About this home

Very well maintained 6 family in a great location generating very consistent rental income today with the potential for substantial rental increases without any capital improvements required. This 6 family has all 4 room, 2 bed and 1 bath units with 5 of the 6 units currently rented to subsidized tenants. New owner will benefit from the long time current owner empowering his property manager to maintain this property the right way. With off street parking and well laid out units this property currently generates over ten thousand five hundred dollars a month. However, recent HUD increases in Mattapan have paved the way for this property to see a jump of close to two thousand dollars a month simply by increasing the current subsidized tenants up to the new payment standard. Allows a buyer to pursue this property being offered at the current market value and see a significant increases in value shortly after purchase simply via paperwork and nothing else.

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Recently Sold Nearby

Property History

Market Insights

9.7%
Price Range
58
Total Days on Market

Property Timeline

Current Active Listing - MLS #73467061
Full transaction history available when tracking began
🏡
Currently Listed
Jan 9, 2026
$1,650,000
MLS #73467061 - Active
Sold
Aug 3, 2021
$1,490,000
Property sold
Days on Market: 58
🏠
Listed for Sale
Apr 18, 2021
$1,600,000
Original listing
Agent: Sheila Traphagen Office: Bridgestone Properties, LLC

Tax History

Year Taxes Assessment
2020 $8,964 $848,900

Financial Details

Annual Property Tax
$8,964
Tax Year 2020
Assessed Value
$848,900

Facts & Features

Home Facts

Type Residential Income
Style 5-9 Family
Year Built 1920
Living Area 5,448 sq ft
Lot Size 0.18 acres
Bedrooms 12
Full Baths 6
Total Rooms 24

Investment Metrics

Units 6
Unit 1 Rent $2,039/mo · Y
Unit 2 Rent $1,804/mo · Y
Unit 3 Rent $1,658/mo · Y
Total Monthly Rent $5,501/mo
Gross Income $66,012
Net Operating Income $66,012
Cap Rate 4.13%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Off Street
Total Spaces 6
Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $8,964
Assessed Value $848,900
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures All Group Showings Will Be Listed As Open Houses, Buyers Need To Be Registered In Advance
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Suffolk
Total market time (incl. prior listings) 58 days

Property Overview

Property Type
5-9 Family
Listing Type
For Sale
Year Built
1920
Bedrooms
12
Full Bathrooms
6
Living Area
5,448 sq ft
Total Rooms
24
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1920
Structure Type:
Exterior Materials:
Roof:
Foundation: Other
Stories: 3

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features: Other
Road Surface:

Parking & Garage

Total Parking Spaces: 6
Parking Features: Off Street
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
E

Elementary Schools

10 schools
F
Chittick Elementary School
0.3 mi | #790 of 824 | Score: 29.3
Dropped 176 spots from last year
-28.9 below state avg
248 students Diverse
Grades PK-06
C
KIPP Academy Boston Charter School
0.8 mi | #277 of 352 | Score: 33.8
Improved 31 spots from last year
-24.4 below state avg
646 students Diverse
Rising School
Grades K-08
C-
Mattahunt Elementary School
0.8 mi | #709 of 824 | Score: 34.8
Dropped 17 spots from last year
-23.4 below state avg
581 students Moderate
Grades PK-06
D
Mildred Avenue K-8 School
0.9 mi | #330 of 352 | Score: 27.9
Dropped 8 spots from last year
-30.3 below state avg
601 students Diverse
Grades PK-08
F
Young Achievers Elementary School
1.2 mi | #347 of 352 | Score: 24.1
Dropped 5 spots from last year
-34.1 below state avg
489 students Diverse
Grades PK-08
D
Shaw Elementary School
1.4 mi | #783 of 824 | Score: 29.8
Improved 54 spots from last year
-28.4 below state avg
528 students Moderate
Rising School
Grades PK-06
Berea SDA Academy
1.4 mi
Grades PK-08
New Beginnings Academy
1.4 mi
Grades PK-12
Sacred Heart Elementary School
1.5 mi
Grades PK-08
B-
Grew Elementary School
1.5 mi | #474 of 824 | Score: 45.4
Improved 250 spots from last year
-12.8 below state avg
198 students Diverse
Rising School Diverse Student Body
Grades PK-06
M

Middle Schools

10 schools
C
Ohrenberger School
2.6 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
Epiphany School
2.6 mi
Grades 05-08
Mother Caroline Academy
3.0 mi
Grades 05-08
Dearborn Middle School
3.1 mi
A
Uncommon Schools - Roxbury Preparatory Dorchester Campus Middle School
3.5 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
Nativity Prep School
3.9 mi
Grades 05-08
F
Higginson/Lewis K-8 School
3.9 mi | #349 of 352 | Score: 23.6
Improved 3 spots from last year
-34.6 below state avg
213 students Diverse
Grades 03-08
Middle School Academy
5.4 mi
Irving Middle
1.9 mi
Frederick Pilot Middle
3.3 mi
H

High Schools

10 schools
A-
Boston Preparatory Charter Public School
0.6 mi | #8 of 25 | Score: 41.6
Improved 287 spots from last year
-16.6 below state avg
700 students Diverse
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
C+
New Mission High School
1.0 mi | #240 of 346 | Score: 47.3
Improved 88 spots from last year
-10.9 below state avg
715 students Diverse
13 sports • 458 athletes
Early College Program High Graduation Rate Rising School Diverse Student Body
Grades 07-12
B+
TechBoston Academy
1.8 mi | #11 of 25 | Score: 34.1
Improved 349 spots from last year
-24.1 below state avg
850 students Diverse
Rising School
Grades 07-12
D
English High School
2.9 mi | #324 of 346 | Score: 29.7
Improved 34 spots from last year
-28.5 below state avg
720 students Moderate
8 sports • 332 athletes
Rising School Career Tech Programs
Grades 07-12
B-
Margarita Muniz Academy
3.0 mi | #14 of 25 | Score: 31.3
Improved 349 spots from last year
-26.9 below state avg
428 students Less Diverse
Strong AP Program Rising School
Grades 07-12
Roxbury Latin School
3.1 mi
Grades 07-12
Meridian Academy
3.3 mi
Grades 06-09
Catholic Memorial School
3.5 mi
15 sports • 2,206 athletes
Strong Athletics
Grades 07-12
A+
Boston Latin Academy
3.6 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
B
Dearborn STEM Academy
4.4 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
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Location

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Neighborhood

Mattapan

640 River Street, Boston MA 02126

Boston, MA 02126

Listing Information

Listing Agent Sheila Traphagen
Listing Office Bridgestone Properties, LLC
Office Phone 617-268-2743
Agent MLS ID CN212527
Office MLS ID BB8195
Listing Data Updated Aug 3, 2021 11:26 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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