Active
8 Days on market
197 Blue Hills Pkwy Milton — Photo 1 of 23

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.

View Standard Listing

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 MLS and other third-party data may be inaccurate or out of date.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

Original Price$1,200,000
Annual Taxes$10,769.5

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms20
FireplacesNone
FlooringWood, Tile, Carpet, Varies, Laminate
BasementFull, Walk-Out Access, Interior Entry, Concrete

Climate & Utilities

HeatingNatural Gas, Electric
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle
FoundationStone
ZoningRC

Property & Lot

Acres0.12
SqFt Lot5,227
Lot FeaturesLevel

Amenities & Appliances

Range • Refrigerator

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Golf

Geography

Property History

Listed
$1,200,000

Sep 9, 2026

MLS® 73574773

Terminated
$1,299,000

Aug 14, 2024

MLS® 73252358

Listed
$1,299,000

Jun 13, 2024

MLS® 73252358

Listing Provided By

Listing Agent: Rogerio Rodriguez

Listing Office: Gibson Sotheby's International Realty

MLS® Number: 73574773