Multifamily Apartment
For Sale
$6,000,000
Pending
281 Newbury Street, Boston, MA 02115
Well-maintained multi-unit apartment building with rear parking and outdoor space, with a majority of units currently tenanted.
Property Size5,510 SF
Days on Market128
Property Features for 281 Newbury Street
General Information
Standard status
Pending
Size
5,510 SF
Total Parking Spaces
1
Property subtype
Multi-family / 5-9 Family
Taxes and HOA fees
Annual Taxes
$17,019
Amenities
7
Building Details
Year Built
1899
Listing Agency:
Compass
(508) 361-0094
Listed By:
Michael Sherman · License #9524529
(508) 361-0094
Source:
Compass
Added: Apr 7
Changed: Aug 8
Last Checked: Jul 22 at 3:06AM
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 Compass
Investment Insights
Based on property information with market context.
This for-sale multifamily apartment building offers a well-maintained unit mix with layouts described as efficient and readily rentable as-is. The majority of apartments are currently tenanted, providing immediate in-place occupancy. The property also presents interior modernization opportunities to support future rental income growth.
Located in Back Bay on Newbury Street, the building is positioned for access to shopping, dining, and public transportation.
Additional on-site amenities include rear parking and outdoor space, enhancing tenant appeal. The property may also present development possibilities, according to the existing offering remarks.
Located in Back Bay on Newbury Street, the building is positioned for access to shopping, dining, and public transportation.
Additional on-site amenities include rear parking and outdoor space, enhancing tenant appeal. The property may also present development possibilities, according to the existing offering remarks.
Key Highlights
- Multi‑unit apartment building built in 1899 with 7 full baths
- Majority of apartments are currently tenanted, providing in‑place income
- Rear parking included for tenants
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,535
Businesses Nearby
Explore this area
Business Placement
Demographics for 02115, MA
31,604
Population
11,556
Households
2.7
Avg Household Size
25
Median Age
67%
College-Educated
91%
High-School Grad
0.7 sq mi
ZIP Area
45,149
Density / Sq Mi
$53,398
Median Household Income
$13,950
Median Earnings
$2,033
Median Rent
$1,015,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained multi-unit apartment building with rear parking and outdoor space, with a majority of units currently tenanted.
Where is this apartment building located?
The property is located at 281 Newbury Street Boston, MA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Multi‑unit apartment building built in 1899 with 7 full baths; Majority of apartments are currently tenanted, providing in‑place income; Rear parking included for tenants
