22-24 Shelby St Boston — Photo 1 of 9
Recent Drop: $90,000
$1,449,721
Investment Analysis — 22-24 Shelby St
Boston, MA 02128 — East Boston
Based on rent reported on the MLS listing, a 3-unit multi-family in 02128 carries $11,200/mo in gross rent — about a 6.48% cap rate and $93,884/yr in estimated NOI at the $1,449,721 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
5
SqFt
3,230
Style
Multi Family
Built
1940
Beautifully renovated mixed-use property featuring a commercial unit on the first floor and two spacious residential apartments above. Each apartment offers an open-concept layout, hardwood floors, two full bathrooms, central HVAC, and newer stainless steel appliances.Conveniently located just minutes from Logan Airport and major highways, with a train station within walking distance. Enjoy easy access to restaurants, shopping, and local amenities. The property is only one block from the East Boston Police Headquarters, adding to the appeal of this prime location.Extensively renovated just a few years ago, this turnkey investment requires nothing more than a new owner. Purchase today and start collecting rental income immediately.Don’t miss this excellent opportunity to own a well-maintained, income-producing property in a highly desirable area.open house on Saturtady and Sunday
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer • Microwave
Neighborhood
Public Transportation
Geography
Property History
$1,449,721
Was $1,499,721
Jul 6, 2026
MLS® 73533829
$1,499,721
Was $1,539,721
Jun 21, 2026
MLS® 73533829
$1,539,721
Jun 10, 2026
MLS® 73533829
$3,650
Feb 1, 2026
MLS® 73453679
$3,650
Nov 11, 2025
MLS® 73453679
$1,350,000
Jul 16, 2025
MLS® 73402864
$1,399,000
Jul 10, 2025
MLS® 73402864
$599,000
Dec 31, 2024
MLS® 73224602
$599,000
Dec 31, 2024
MLS® 73224603
$599,000
Apr 16, 2024
MLS® 73224602
$599,000
Apr 16, 2024
MLS® 73224603
Listing Agent: Albeiro Lopera
Listing Office: United Brokers
MLS® Number: 73533829
