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3 N Munroe Ter, Dorchester, MA, 02122

6beds
3baths
3,265sqft
$1,499,000
$459price/sqft
$10,026/moest. monthly cost
$401,040/yrincome needed

About This Home

Exceptional investment opportunity in the heart of Dorchester! This spacious three-family property offers a total of 3,265 Sq. Ft. of living space across three well-maintained rental units. Each unit features bright, comfortable layouts and separate utilities-ideal for steady rental income or owner occupancy with income potential. Third unit has a view of the ocean. Basement has potential to be renovated. Conveniently located near public transportation, schools, parks and local shops. This property provides both long-term stability and strong upside potential.

Getting Around

74
WalkingVery Walkable
0
TransitVery Limited Transit
50
BikeBikeable

Schools

6/10
Murphy K-8 SchoolGrades PK-80.1 mi
5/10
Kenny Elementary SchoolGrades PK-60.5 mi

Construction

Condition

  • Year built: 1910

Materials

  • Foundation: Concrete Perimeter

Type & Style

  • Home type: MultiFamily
  • Property subType: 3 Family

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Flooring: Wood
  • Finished area above ground: 3,265

Interior Area

  • Total structure area: 3,265
  • Total interior livable area: 3,265 sqft

Property

Details

  • Parcel number: W:16 P:02292 S:000,1310249
  • Zoning: R3

Features

  • Patio & porch: Deck - Wood

Lot

  • Lot size: 4,391 sqft
  • Features: Sloped

Parking

  • Total spaces: 2
  • Parking features: Paved Drive,Off Street,On Street
  • Has uncovered spaces: Yes
  • Uncovered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Lightning
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $7,579$90,948
Home Insurance *$354$4,248
Property Taxes $1,450$17,400
Electricity $643$7,726
Total$10,026$120,312
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$343,748/yr
40% on housing$300,780/yr
45% on housing$267,360/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.3%
7.3%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$459This listing

vs Other Active Listings

Avg $/sqft

ZIP 02122$364
Suffolk County$575

vs Homes Sold Last Month

Median $/sqft

ZIP 02122$561
Suffolk County$453

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-29Listed for sale$1,499,000
2026-01-01Listing removed$1,499,000
2025-11-07Price change$1,499,000
2025-10-29Listed for sale$1,599,000
2016-04-15Sold$410,000
2016-02-29Pending sale$399,900
2016-02-04Listed for sale$399,900
2010-08-05Sold$487,802
1996-09-30Sold$100,000

For Sale by Agent

AgentPeter Kelly
BrokerageKelly Group Properties

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