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South Boston Multifamily Asset For Sale
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South Boston, MA 02127, Boston, MA 02127

Boutique multifamily asset in a dynamic, transit-oriented South Boston location.

Property SizeContact for details
Days on Market205

Property Features

General Information

Standard status Active
Occupancy 95%

Building Details

Year Built 2023
Listing Agency: Newmark - Boston
Listed By: Joseph Alvarado · License #MA #9538456
Source: Nmrk
Added: Jan 27 Changed: Aug 8 Last Checked: May 11 at 7:10AM

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 Newmark - Boston

Investment Insights

Based on property information with market context.

Located in the heart of South Boston, 144 Old Colony Avenue is a multifamily property featuring 19 apartments above a ground-floor retail suite and secure garage parking. Completed in 2023, the property offers studio and one-bedroom layouts finished to a condominium-quality standard. The property has maintained over 95% occupancy since stabilization. The location is within walking distance of the Andrew and Broadway MBTA Red Line Stations, providing access to Downtown Boston, Kendall Square, and the Seaport District. Residents are also near South Boston’s restaurants, retail destinations, and nightlife along Broadway. The property is positioned to benefit from the ongoing transformation of the Dorchester Avenue corridor and the Washington Village development.

Key Highlights

  • Prime South Boston location: dynamic, supply‑constrained neighborhood with high demand.
  • Brand‑new construction (2023) with condominium‑quality finishes.
  • High occupancy rate (over 95%) demonstrating strong rental demand.

Property Analytics

Current Use

Apartment buildings

Location Intelligence

Trade Area within ½ mile

2,052
Businesses Nearby

Demographics for 02127, MA

37,939
Population
19,495
Households
1.9
Avg Household Size
31
Median Age
69%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
18,066
Density / Sq Mi
$156,373
Median Household Income
$85,444
Median Earnings
$2,435
Median Rent
$858,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Boutique multifamily asset in a dynamic, transit-oriented South Boston location.
Where is this apartment building located?
The property is located at Boston, MA.
What are key features of this property?
This property features: Prime South Boston location: dynamic, supply‑constrained neighborhood with high demand.; Brand‑new construction (2023) with condominium‑quality finishes.; High occupancy rate (over 95%) demonstrating strong rental demand.
More about this property
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