Multifamily Redevelopment
12 Leeds Street Boston, MA 02127
12 Leeds Street, Boston, MA, 02127
$795,000
For Sale
$795,000
Separately deeded redevelopment parcel suitable for renovation or conversion near Andrew Square MBTA Station.
Property Size2,010 SF
Price / SF$395.52
Days on Market121
Property Features for 12 Leeds Street
General Information
- Standard status
- Active
- Size
- 2,010 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1890
Listing agency
Columbus and Over Group,LLC
Listed by
Jeffrey Hamilton
(617) 799-5818
Source
Oldeforgerealty
Added: Mar 25 Updated: Jul 21 at 4:36PM Checked: Jul 22 at 7:01AM
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 Columbus and Over Group,LLC
Investment Insights
Based on property information with market context.
12 Leeds Street presents a standalone, separately deeded redevelopment parcel in Andrew Square. The offering is suitable for renovation or conversion, providing flexibility for an individual project or for buyers looking to participate in a broader redevelopment footprint.
The property is located moments from the Andrew Square MBTA Station and Dorchester Avenue, with access to major Boston hubs including the South End, Seaport, and Downtown. The surrounding area is described as having substantial development momentum and rezoning initiatives.
This listing is available individually or as part of the Leeds Street assemblage for expanded redevelopment visions, with a referenced 3-building package opportunity at 8–12 Leeds. Buyer/buyer agent should perform their own due diligence. All offers will be reviewed Wednesday, May 13th at 12PM noon.
The property is located moments from the Andrew Square MBTA Station and Dorchester Avenue, with access to major Boston hubs including the South End, Seaport, and Downtown. The surrounding area is described as having substantial development momentum and rezoning initiatives.
This listing is available individually or as part of the Leeds Street assemblage for expanded redevelopment visions, with a referenced 3-building package opportunity at 8–12 Leeds. Buyer/buyer agent should perform their own due diligence. All offers will be reviewed Wednesday, May 13th at 12PM noon.
Key Highlights
- 1890‑built standalone redevelopment parcel at 12 Leeds Street
- Separately deeded redevelopment parcel suitable for renovation or conversion
- Located moments from Andrew Square MBTA Station and Dorchester Avenue
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 | $89.2k | $44.40 |
| − Vacancy | −$3.4k | −$1.69 |
| EGI | $85.9k | $42.71 |
| − OpEx | −$38.6k | −$19.22 |
| NOI | $47.2k | $23.49 |
2,010 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$674.6K
$590.2K – $787.0K
NOI $47,219 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,356 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Separately deeded redevelopment parcel suitable for renovation or conversion near Andrew Square MBTA Station.
Where is this multifamily property located?
The property is located at 12 Leeds Street Boston, MA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 1890‑built standalone redevelopment parcel at 12 Leeds Street; Separately deeded redevelopment parcel suitable for renovation or conversion; Located moments from Andrew Square MBTA Station and Dorchester Avenue
