Multifamily Building with 15
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
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
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
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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.