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REMARKABLE VALUE OPPORTUNITY in East Boston! Recently professionally appraised at $937,000, this well-kept two-family property offers an exceptional opportunity to purchase below its recent appraised value! This exceptional investment opportunity is in the heart of East Boston, offering an estimated 9.97% cap rate based on actual 2024 Airbnb income and estimated operating expenses! This well-kept property is successfully operating as a licensed SHORT-TERM (AIRBNB) rental, offering outstanding income potential. The seller reports STRONG seasonal revenue during it's peak season & an excellent occupancy rate! Upgrades in both units feature 2025 MINI SPLIT SYSTEM, granite countertops, stainless steel appliances, & modern finishes, while the exterior is finished with durable, low-maintenance HardiePlank siding. AS A BONUS the partially finished basement offers flexible space for a home office, gym, or storage. Located approximately < 2 miles from Logan International Airport with easy access to public transportation (Orient Heights & Suffolk Downs), restaurants, shopping, & major commuter routes, RT 1A, I-93, and more! This is a perfect investment opportunity complete with gas heating and gas hot water, and separate electrical utilities. Don't miss this rare investment opportunity in East Boston!
More Info
Basic Information
- Gross Income $97,992
- Lot Features Level
- Mls StatusActive
- Parcel Number W:01 P:00512 S:000,1330781
- Rent Includes Unit 1(Heat, Electric, Water, Other (See Remarks)), Unit 2(Heat, Electric, Water, Other (See Remarks))
- Road Frontage DescriptionPaved
Tax Information
- Tax Assessed Value $679,300
- Tax Year 2025
- Taxes$7,866
Parking
- Parking Spaces
Rooms
- Bathroom3
- Bathrooms Total Decimal 3
- Bedrooms5
- Full Bath3
Basic Information
- List Price$859,900
- MLS Number73545445
- Modification Date10/08/2026
- Property SubType2 Family - 2 Units Up/Down
- Virtual TourView Tour
Location
- Address589 Saratoga Street
- Building Number589
- CountySuffolk
- NeighborhoodEast Boston
- StateMA
- StreetSaratoga Street
- SubdivisionEast Boston
- TownBoston
- Zip02128
Building
- BasementFull, Partially Finished
- Building Area Units Square Feet
- FireplaceYes
- Fireplaces Total 1
- FoundationOther
- Levels 2
- Rooms9
- Stories2
- Units2
- Utilities For Gas Range
- Year Built1910
- Year Built Details Approximate
- Year Built Source Public Records
Property
- Acreage0.06
Interior
- Flooring Wood, Tile, Hardwood
- Interior Features
- Bathroom With Tub
- Ceiling Fan(s)
- Kitchen
- Living Room
- Remodeled
- Upgraded Cabinets
- Upgraded Countertops
Exterior
- Exterior Features Rain Gutters
- RoofShingle
Utilities
- Sewer Public Sewer
- Water Source Public
Property Information
- Building Area Source Other
- Living Area 2,025
- Lot Size Square Feet 2,494
- Lot Size Units Acres
- Road Responsibility Public Maintained Road
- Square Feet2,025
Amenities
- Amenities
- Highway Access
- House of Worship
- Laundromat
- Other
- Park
- Public Transportation
- Shopping
- Sidewalks
- T-Station
- Walk/Jog Trails
- Appliances IncludedRange, Microwave, Refrigerator, Dishwasher
- Other AmenitiesBasement, Fireplace
Water Body
- Miles to Beach2
- Waterfront Features Ocean,1 to 2 Mile To Beach
Legal
- ZoningR2
Other
- Date Listed07/07/2026
- Farm Land Area Units Square Feet
- View Count8
Map Location
Listed by Zambrano Properties & Associates of RE/MAX 360
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