Building Details

Year Built 1890

Buildings 5

Units 15

Listing Agency: United Multi Family Corporation

Listed By: Richard Cawley · License #MA 134301 Show Phone

Source: Crexi

Added: Mar 23 Changed: Oct 3 Last Checked: Oct 5 at 5:42PM

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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.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$345,051

Cap Rate

7.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,901,020 $6.9M

Cap Rate 7%

$4,929,300 $4.9M

Cap Rate 9%

$3,833,900 $3.8M

Market Conditions

NOI Build-Up for 14,688 SF

Gross rent

$652.1K $44.40/SF

− Vacancy

−$24.8K −$1.69/SF

EGI

$627.4K $42.71/SF

− OpEx

−$282.3K −$19.22/SF

NOI

$345.1K $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%

$6,901,020

Cap Rate 7%

$4,929,300

Cap Rate 9%

$3,833,900

Alternative Uses

Best Use

Apartment 5plus

$4.93M

$4.31M – $5.75M (±1% cap)

NOI $345,051 @ 7.0% cap · market cap 7.67%

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 17.11%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Accounting Firm Spa & Massage Center HVAC Service Auto Parts Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,726

Businesses Nearby

Explore this area Business Placement

Demographics for 02119, MA

29,175

Population

12,937

Households

2.3

Avg Household Size

34

Median Age

30%

College-Educated

81%

High-School Grad

1.6 sq mi

ZIP Area

18,234

Density / Sq Mi

$43,255

Median Household Income

$38,664

Median Earnings

$1,252

Median Rent

$668,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

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 1109 1111 1113 1115 Harrison Ave Roxbury, MA.

What is the asking price?

The asking price for this property is $4,500,000.

What are key features of this property?

This property features: Multifamily property perfect for investors.; Features 15 units.; Built in 1890.