
197 Blue Hills Pkwy Milton — Photo 1 of 23
$1,200,000
Investment Analysis — 197 Blue Hills Pkwy
Milton, MA 02186 — Blue Hills
Based on rent reported on the MLS listing, a 3-unit multi-family in 02186 carries $7,600/mo in gross rent — about a 4.88% cap rate and $58,542/yr in estimated NOI at the $1,200,000 list price. Adjust every assumption in the calculator below.
Beds
7
Baths
3
SqFt
2,860
Style
3 Family - 3 Units Up/Down
Built
1910
Weekend open houses: Saturday, September 19, 10:00–11:00 a.m., and Sunday, September 20, 2:00–3:00 p.m. Private tours available anytime.Rare three-family on Blue Hills Parkway in the Milton Public Schools district, between the Neponset bike path and Blue Hills Reservation. Tucker School is next door; Churchill’s is down the parkway; Mattapan Station, local buses, and highway access are a short hop. Trails and neighborhood parks are out the front door.Three units: first-floor 2-bedroom (currently configured as a 3-bedroom); second-floor 3-bedroom; and a third floor 1-bedroom. The first-floor unit is vacant and opens to a large lower level. Use the lower level as office, workshop, or storage—or expand into an owner’s suite. A 3/4 bath & laundry hookup -- already in place. Keep as-is for activity/office space, or a rec room. Units 2 and 3 are occupied, so you can live on the first floor, keep the rental income from 2 apartments, and permit the lower-level work on your timeline.Hard to find this much flexibility in Milton this close to the Reservation and the T.Units 2 and 3 require a minimum 24-hour notice to show. Come through Saturday or Sunday, or schedule a private tour.
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 MLS and other third-party data may be inaccurate or out of date.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.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Refrigerator
Neighborhood
Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Property History
$1,200,000
Sep 9, 2026
MLS® 73574773
$1,299,000
Aug 14, 2024
MLS® 73252358
$1,299,000
Jun 13, 2024
MLS® 73252358
Listing Agent: Rogerio Rodriguez
Listing Office: Gibson Sotheby's International Realty
MLS® Number: 73574773