Back to Search
Multifamily Building with 15 Units

1107 Harrison Ave Boston, MA 02119

1107 Harrison Ave, Boston, MA, 02119
Contact for pricing
For Sale
Contact for pricing

15-unit multifamily property available for sale.

Property Size14,688 SF
Price / SF$374.46
Days on Market117

Property Features for 1107 Harrison Ave

General Information

Standard status
Active
Size
14,688 SF
Property subtype
Multifamily

Building Details

Year Built
1890
Listing Agency United Multi Family Corporation
Listed by Richard Cawley · License #MA 134301
Source Crexi
Added: Mar 23 Checked: Jul 17 at 8:46 am

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 United Multi Family Corporation


Investment Insights

Based on property information with market context.

This multifamily property features 15 units. The building has a total size of 14688 square feet.

Key Highlights

  • Multifamily property perfect for investors.
  • Features 15 units.
  • Built in 1890.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $652.1k $44.40
− Vacancy −$24.8k −$1.69
EGI $627.4k $42.71
− OpEx −$282.3k −$19.22
NOI $345.1k $23.49
14,688 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$4.93M
$4.31M – $5.75M (±1% cap)
NOI $345,051 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.00M
$9.62M – $12.83M (±1% cap)
NOI $769,886 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Accounting Firm Spa & Massage Center HVAC Service Auto Parts Store Carpet & Flooring Store Kitchen & Bath Showroom Home Appliance Store Computer & Electronic Repair Nursing Home

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - 15-unit multifamily property available for sale.
Where is this apartment building located?
The property is located at 1107 Harrison Ave Boston, MA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Multifamily property perfect for investors.; Features 15 units.; Built in 1890.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message