589 Saratoga St, East Boston, MA, 02128
About This Home
Exceptional investment opportunity 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!
Getting Around
Very Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1910
Materials
- Foundation: Other
- Roof: Shingle
Type & Style
- Home type: MultiFamily
- Property subType: 2 Family - 2 Units Up/Down
Interior
Appliances
- Appliances included: Range,Microwave,Refrigerator,Dishwasher
Basement
- Has basement: Yes
- Basement: Full,Partially Finished
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Features
- Ceiling Fan(s),Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub,Remodeled,Living Room,Kitchen
- Flooring: Wood,Tile,Hardwood
- Number of fireplaces: 1
- Fireplace: Yes
- Finished area below ground: 450
- Finished area above ground: 1,575
Interior Area
- Total structure area: 2,025
- Total interior livable area: 2,025 sqft
Property
Details
- Parcel number: W:01 P:00512 S:000,1330781
- Zoning: R2
- Exclusions: Washer And Dryers And Personal Property. Open To Negotiate Items
Features
- Exterior features: Rain Gutters
- Waterfront features: Ocean,1 to 2 Mile To Beach
Lot
- Lot size: 2,494 sqft
- Features: Level
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
- Coastal Flooding
- Cold Wave
- Heat Wave
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,803 | $57,636 |
| Home Insurance * | $357 | $4,284 |
| Property Taxes | $919 | $11,028 |
| Electricity | $399 | $4,791 |
| Total | $6,478 | $77,736 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-07 | Listed for sale | $949,900 |
| 2016-05-11 | Sold | $430,000 |
| 2016-04-09 | Pending sale | $439,000 |
| 2016-04-01 | Price change | $439,000 |
| 2016-03-11 | Listed for sale | $449,900 |
| 2016-03-02 | Pending sale | $449,900 |
| 2016-02-23 | Listed for sale | $449,900 |
| 1993-04-21 | Sold | $25,000 |
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