12-Unit Apartment
For Sale
Contact for pricing
1 Schrepel Pl, Boston, MA 02127
Three-story multifamily property with varied unit layouts, basement amenities, and off-street parking in South Boston.
Property Size14,760 SF
Lot Size0.15 Acres
Price / SF$389.57
Days on Market204
Property Features for 1 Schrepel Pl
General Information
Standard status
Active
Size
14,760 SF
Total Parking Spaces
8
Lot size
0.15 Acres
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$362,690
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
8 x 2BR/1BA, 4 x 1BR/1BA
Multifamily Units
12
Amenities
coin operated laundry
individual tenant storage
Building Details
Year Built
1920
Buildings
1
Stories
3
Units
12
Tenancy
Multi
Listing Agency:
Horvath & Tremblay
Listed By:
Dennis Kelleher · License #MA 9504385
(781) 776-4002
Source:
Crexi
Added: Mar 31
Changed: Oct 7
Last Checked: Oct 19 at 4:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay
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Investment Insights
Based on property information with market context.
This three-story apartment building contains 12 units totaling 11,070 square feet of living area within 14,760 gross square feet. The unit mix includes eight 2-bedroom/1-bathroom apartments and four 1-bedroom/1-bathroom apartments. Several residences have updated interiors with hardwood flooring, cherry-colored cabinetry, granite countertops, and stainless-steel appliances. Basement amenities include coin-operated laundry and individual storage areas, while the property provides eight off-street parking spaces.
Located at 1 Schrepel Place in Boston’s South Boston neighborhood, the property is 1.2 miles from Broadway Station and 1.7 miles from Boston’s South Station. Separate utilities serve the building, with tenants responsible for electricity, electric heat, and hot water. Constructed in 1920, the property is currently leased and offers a documented mix of residential layouts and on-site amenities.
Located at 1 Schrepel Place in Boston’s South Boston neighborhood, the property is 1.2 miles from Broadway Station and 1.7 miles from Boston’s South Station. Separate utilities serve the building, with tenants responsible for electricity, electric heat, and hot water. Constructed in 1920, the property is currently leased and offers a documented mix of residential layouts and on-site amenities.
Key Highlights
- 12 units: eight 2‑bedroom/1‑bathroom and four 1‑bedroom/1‑bathroom apartments
- 11,070 SF of living area within 14,760 gross square feet
- Three‑story building on a 0.149‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$346,743
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,934,860
$6.9M
Cap Rate 7%
$4,953,471
$5.0M
Cap Rate 9%
$3,852,700
$3.9M
Market Conditions
NOI Build-Up for 14,760 SF
Gross rent
$655.3K $44.40/SF
− Vacancy
−$24.9K −$1.69/SF
EGI
$630.4K $42.71/SF
− OpEx
−$283.7K −$19.22/SF
NOI
$346.7K $23.49/SF
Area
Boston, MA
Vacancy
3.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,934,860
Cap Rate 7%
$4,953,471
Cap Rate 9%
$3,852,700
Alternative Uses
Best Use
Apartment 5plus
$4.95M
$4.33M – $5.78M
NOI $346,743 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.05M
$9.67M – $12.89M
NOI $773,660 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
12
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,933
Businesses Nearby
Explore this area
Business Placement
Demographics for 02127, MA
37,939
Population
19,495
Households
1.9
Avg Household Size
31
Median Age
69%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
18,066
Density / Sq Mi
$156,373
Median Household Income
$85,444
Median Earnings
$2,435
Median Rent
$858,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-story multifamily property with varied unit layouts, basement amenities, and off-street parking in South Boston.
Where is this apartment building located?
The property is located at 1 Schrepel Pl Boston, MA.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: 12 units: eight 2‑bedroom/1‑bathroom and four 1‑bedroom/1‑bathroom apartments; 11,070 SF of living area within 14,760 gross square feet; Three‑story building on a 0.149‑acre parcel
