2 Family - 2 Units Up/Down at 248 Princeton St, Boston MA 02128, Boston
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$850,000

248 Princeton St, Boston MA 02128
Boston, MA 02128
Listed by Maria Babakhanova
Bedrooms
4
Bathrooms
3
Living area
1,966 sqft
Year built
1900

About this home

Open house: Saturday, October 3rd, 12:00–2:00 p.m. SELLER OFFERS $15,000 TOWARD BUYER’S ELIGIBLE CLOSING COSTS OR MORTGAGE RATE BUYDOWN, DISCOUNT POINTS, PREPAID ITEMS. An excellent opportunity for investors and owner-occupants in East Boston’s desirable Eagle Hill neighborhood, with approximately $65,000 in potential gross annual rental income. The property can be delivered vacant, offering flexibility for immediate occupancy, tenant placement, or repositioning. This bright, updated two-family home features open-concept living areas, tall ceilings, and well-proportioned layouts. Each unit offers two bedrooms and one full bathroom. Additional amenities include a sunroom suitable for a home office or flex space, as well as a generously sized deck overlooking the spacious backyard, an inviting setting for gardening, entertaining, or outdoor relaxation. The partially finished basement provides a full bathroom, dedicated laundry area, and ample storage, along with potential for expanded use, subject to buyer due diligence and all required municipal approvals. Plenty of street parking is available throughout the surrounding area. Ideally situated near neighborhood restaurants, parks, schools, Day Square, Central Square, Liberty Plaza, Shaw’s, Market Basket, and additional shopping destinations. Constitution Beach and Revere Beach are also within convenient reach. Commuters will appreciate access to the Airport Blue Line station, Logan International Airport, Route 1A, and I-90, providing convenient connections to Downtown Boston and surrounding communities. Occupy one unit while generating rental income from the other, establish market-rate leases for both units, or add a versatile East Boston multifamily property to your investment portfolio.

Highlights

Fireplace

Property details

MLS #
73574910
Property type
2 Family - 2 Units Up/Down
Subdivision
N/A
Status
Active
Days on market
21
On market date
September 9, 2026
Stories
2
Total bathrooms
3
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.06 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Patrick J Kennedy
0.08 mi away · Grades -1-6
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
261
Student:teacher ratio
10.9:1
District
Boston
Middle
Joseph A. Browne School
1.03 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
540
Student:teacher ratio
12.3:1
District
Chelsea
High
East Boston High
0.24 mi away · Grades 7-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,111
Student:teacher ratio
12.2:1
District
Boston

Walkability

Blended score for Boston's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

82
Highly walkable
out of 100
EPA National Walkability Index
14.0 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops20
Pharmacies9

Market position

How this listing compares to current activity in Boston, from live MLS data.

On the market 21 days -- 95 fewer days than Boston's current average of 116 days.
For reference, the median list price across 8,220 active listings in Boston right now is $12,250.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$5,269/mo
$170,000 down
$680,000 loan
Principal & interest$4,410
Property tax (est.)$708
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated 2 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.