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    157-167 Delhi St Boston, MA 02126

    For Sale
    $5,700,000

    Three contiguous apartment buildings near Morton Street rail station.

    Lot size:
    0.69 Acres

    Property Features for 157-167 Delhi St

    General Information

    Lot size
    0.69 Acres

    Building Details

    Year built
    1930

    Source: Marcus & Millichap Real Estate Investment Services Agent Tony Pepdjonovic

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Three Multifamily Buildings in Boston

    The Delhi Apartments consist of three contiguous six-unit apartment buildings. The property features a total of 18 units, including 15 two-bedroom, one-bathroom units and 3 one-bedroom, one-bathroom units. The asset generates a monthly rent roll of $46,211, equating to an annual income of $554,528. Each building is equipped with separate gas-fired boilers, central hot water, individual electric meters, and coin-operated washer and dryer facilities. The property has been professionally managed for over 15 years, with significant improvements made to both the units and buildings under current ownership. Two separate driveways provide access to the parking lot located at the rear of the property. The property is situated less than 3/4 of a mile from the Morton Street rail station on the MBTA Commuter Rail, offering convenient access to North Station and downtown Boston.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.08956
    Latitude
    42.27639

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    FAQs

    What type of property is this?
    Apartment building - Three contiguous apartment buildings near Morton Street rail station.
    Where is this apartment building located?
    The property is located at 157-167 Delhi St Boston, MA.
    What is the asking price?
    The asking price for this property is $5,700,000.
    What are key features of this property?
    This property features: - High monthly rent roll of $46,211 ($554,528 annually) indicates strong cash flow.; - Professionally managed for over 15 years, ensuring stability and efficient operations.; - Located less than 3/4 mile from the Morton Street MBTA Commuter Rail station, providing easy access to Boston.
    (617) 429-2031
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    157-167 Delhi St Boston, MA 02126
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    Boston, MA 02126
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    157-167 Delhi St Boston, MA 02126
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