116 Lucerne St, Boston MA 02124
Boston, MA 02124 • Dorchester
$1,475,000
Est. $8,685/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
INVESTMENT OPPORTUNITY IN BOSTON! Exceptional opportunity for investors and owner-occupants alike. This recently renovated multifamily property offers 3 units, 9 bedrooms, 6 bathrooms, and 18 rooms, providing flexibility for rental income, owner occupancy, or a long-term investment strategy. Extensive recent renovations include updated electrical, plumbing System, Renovated Kitchens, Granite Counter Tops, updated windows, Flooring, Roof, with all three units renovated. A lead certificate is available, and the property features 3 off-street parking spaces—a valuable convenience in Boston. Reported annual income potential of approximately $154,000, offering an attractive opportunity for buyers seeking an income-producing asset. Conveniently located near public transportation, shopping, dining, and local amenities. Whether you are expanding your investment portfolio or looking to owner-occupy while generating rental income, this turnkey multifamily property is one to explore. Schedule your private showing today!
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Recently Sold Nearby
Price & Status History
Market Insights
49.2%
Price Range
1
Previous Sales
Property Timeline
Listed for Sale
Oct 28, 2026
$1,475,000
Original listing
Agent: Kaidy Forbes
Office: Keller Williams Elite
Previous Transaction - MLS #73055808
Full transaction history available when tracking began
Previously Sold
Feb 21, 2023
$750,000
MLS #73055808
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/28/2026 | 🏠 Listed for Sale | $1,475,000 | - | - | Original listing |
| 02/21/2023 | 🏷️ Previously Sold | $750,000 | - | - | MLS #73055808 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $12,319 | $850,400 |
Financial Details
Annual Property Tax
$12,319
Tax Year 2025
Assessed Value
$850,400
Facts & Features
Home Facts
Type
Residential Income
Style
3 Family - 3 Units Up/Down
Year Built
1929
Living Area
4,053 sq ft
Lot Size
0.10 acres
Stories
3
Bedrooms
9
Full Baths
6
Total Rooms
15
Investment Metrics
Units
3
Unit 1 Rent
— · N
Unit 2 Rent
$4,300/mo · Y
Unit 3 Rent
$4,300/mo · Y
Total Monthly Rent
$8,600/mo
Gross Income
$103,200
Net Operating Income
$103,200
Cap Rate
7.00%
Interior
Heating
Forced Air
Cooling
Window Unit(s)
Flooring
Vinyl, Tile
Appliances
Range, Dishwasher, Microwave, Refrigerator, Trash Compactor
Fireplace
None
Basement
Partial
Laundry
None
Features
Lead Certification Available, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Remodeled, Living Room, Kitchen
Exterior
Construction
None
Architecture
None
Roof
Shingle
Features
Balcony/deck, Rain Gutters
Pool
None
Spa
None
Fencing
None
Patio/Porch
Enclosed, Deck - Wood
Parking
Features
Paved Drive, Off Street
Total Spaces
3
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$12,319
Assessed Value
$850,400
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Certified Treated
Seller Disclosures
First Floor Unit Is Vacant But When Occupied It Produced And Income Of $4, 300 Per Month And Has The Market Potencial To Produce The Same Income.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Suffolk
Property Overview
Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1929
Bedrooms
9
Full Bathrooms
6
Living Area
4,053 sq ft
Total Rooms
15
Stories
3
Levels
3
Floor Layout
Interior Features
Flooring:
Vinyl, Tile
Appliances:
Range, Dishwasher, Microwave, Refrigerator, Trash Compactor
Interior Features:
Lead Certification Available, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Remodeled, Living Room, Kitchen
Windows:
Basement:
Partial
Laundry:
Security:
Construction & Materials
Year Built:
1929
Structure Type:
Exterior Materials:
Roof:
Shingle
Foundation:
Concrete Perimeter
Stories:
3
Utilities & Systems
Heating:
Forced Air
Cooling:
Window Unit(s)
Hot Water:
Natural Gas
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony/Deck, Rain Gutters
Patio & Porch:
Enclosed, Deck - Wood
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
3
Parking Features:
Paved Drive, Off 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
Berea SDA Academy
0.2 mi
Grades PK-08
F
Shaw Elementary School
0.2 mi
|
#789 of 825
|
Score: 29.4
Improved 48 spots from last year
-28.8 below state avg
469 students
Moderate
Rising School
Grades PK-06
F
Young Achievers Elementary School
0.4 mi
|
#348 of 352
|
Score: 23.8
Dropped 6 spots from last year
-34.4 below state avg
422 students
Diverse
Grades PK-08
F
Lee K-8 School
0.6 mi
|
#339 of 352
|
Score: 26.8
Improved 4 spots from last year
-31.4 below state avg
582 students
Diverse
Grades PK-08
D
Mildred Avenue K-8 School
0.7 mi
|
#331 of 352
|
Score: 28.0
Dropped 9 spots from last year
-30.2 below state avg
557 students
Diverse
Grades PK-08
A
Brooke Charter School Mattapan
0.7 mi
|
#40 of 346
|
Score: 68.8
Improved 84 spots from last year
+10.6 above state avg
2,230 students
Diverse
Rising School
College Ready Curriculum
Grades K-12
C
KIPP Academy Boston Charter School
0.8 mi
|
#272 of 352
|
Score: 34.5
Improved 36 spots from last year
-23.7 below state avg
627 students
Diverse
Rising School
Grades K-08
C-
Mattahunt Elementary School
0.9 mi
|
#709 of 825
|
Score: 35.0
Dropped 17 spots from last year
-23.2 below state avg
580 students
Moderate
Grades PK-06
C-
Codman Academy Charter Public School
0.9 mi
|
#308 of 346
|
Score: 36.8
Dropped 24 spots from last year
-21.4 below state avg
345 students
Diverse
College Ready Curriculum
Grades PK-12
F
Greenwood Sarah K-8 School
0.9 mi
|
#340 of 352
|
Score: 26.7
Dropped 6 spots from last year
-31.5 below state avg
381 students
Less Diverse
Grades PK-08
Middle Schools
10 schools
Epiphany School
1.3 mi
Grades 05-08
Mother Caroline Academy
1.6 mi
Grades 05-08
Dearborn Middle School
1.6 mi
A
Uncommon Schools - Roxbury Preparatory Dorchester Campus Middle School
2.0 mi
|
#4 of 16
|
Score: 42.5
Improved 187 spots from last year
-15.7 below state avg
1,225 students
Diverse
Rising School
College Ready Curriculum
Grades 05-08
F
Higginson/Lewis K-8 School
2.5 mi
|
#349 of 352
|
Score: 23.2
Improved 3 spots from last year
-35 below state avg
246 students
Diverse
Grades 03-08
Nativity Prep School
2.6 mi
Grades 05-08
C
Ohrenberger School
3.5 mi
|
#266 of 352
|
Score: 35.0
Improved 19 spots from last year
-23.2 below state avg
458 students
Diverse
Diverse Student Body
Grades 03-08
Middle School Academy
3.9 mi
Frederick Pilot Middle
1.8 mi
Irving Middle
1.9 mi
High Schools
10 schools
B+
TechBoston Academy
0.7 mi
|
#10 of 25
|
Score: 34.9
Improved 350 spots from last year
-23.3 below state avg
869 students
Diverse
Rising School
Grades 07-12
D
English High School
1.8 mi
|
#328 of 346
|
Score: 28.9
Improved 30 spots from last year
-29.3 below state avg
653 students
Diverse
8 sports
• 332 athletes
Rising School
Career Tech Programs
Grades 07-12
A-
Boston Preparatory Charter Public School
1.9 mi
|
#8 of 25
|
Score: 43.6
Improved 287 spots from last year
-14.6 below state avg
670 students
Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B-
Margarita Muniz Academy
2.0 mi
|
#14 of 25
|
Score: 31.6
Improved 349 spots from last year
-26.7 below state avg
480 students
Less Diverse
Rising School
Grades 07-12
Meridian Academy
2.1 mi
Grades 06-09
C+
New Mission High School
2.1 mi
|
#231 of 346
|
Score: 49.5
Improved 97 spots from last year
-8.7 below state avg
739 students
Diverse
13 sports
• 458 athletes
Early College Program
High Graduation Rate
Rising School
Diverse Student Body
Grades 07-12
A+
Boston Latin Academy
2.2 mi
|
#2 of 25
|
Score: 64.9
Improved 214 spots from last year
+6.7 above state avg
1,669 students
Very Diverse
17 sports
• 1,298 athletes
Strong AP Program
High Graduation Rate
Rising School
Strong Athletics
Grades 07-12
B
Dearborn STEM Academy
2.9 mi
|
#13 of 25
|
Score: 33.4
Improved 356 spots from last year
-24.8 below state avg
565 students
Moderate
10 sports
• 242 athletes
Early College Program
Rising School
Grades 07-12
A-
O'Bryant School of Math & Science
3.2 mi
|
#90 of 346
|
Score: 61.6
Improved 94 spots from last year
+3.4 above state avg
1,518 students
Very Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Diverse Student Body
Grades 07-12
C
Ruth Batson Academy
3.2 mi
|
#20 of 25
|
Score: 29.1
Improved 345 spots from last year
-29.1 below state avg
584 students
Diverse
8 sports
• 128 athletes
Early College Program
Rising School
Grades 07-12
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Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$1,027
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
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Current Rate
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+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
Dorchester
116 Lucerne St, Boston MA 02124
Boston, MA 02124
Listing Information
Listing Agent
Kaidy Forbes
Listing Office
Keller Williams Elite
Office Phone
508-695-4545
Agent MLS ID
CN262242
Office MLS ID
AN4893
Listing Data Updated
Oct 27, 2026 11:30 PM 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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