Renovated Residential Income
For Sale
$1,450,000
Pending
129 North Washington St, Boston, MA 02113
Penthouse residence with three bedrooms, multiple fireplaces, and a private roof deck overlooking the skyline.
Property Size1,778 SF
Days on Market86
Property Features for 129 North Washington St
General Information
Standard status
Pending
Size
1,778 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Amenities
roof deck
fireplaces
Central Air
2 Fireplaces
Forced Air
3.0 Stories
$22,419 Taxes
Public
Built in 1899
Building Details
Year Built
1899
Listing Agency:
Core Property Group, LLC
(617) 523-1200
Listed By:
Giancarlo Tiberi
Source:
Donahuere
Added: Jul 28
Changed: Oct 11
Last Checked: Oct 20 at 5:02PM
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 Core Property Group, LLC
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Investment Insights
Based on property information with market context.
Built in 1899, this renovated penthouse provides 1,778 square feet of residential space arranged across two levels. The home includes three bedrooms, two full baths, one half bath, and two fireplaces. The principal level combines living and dining areas with red oak flooring, recessed lighting, natural light, and a fireplace. Its kitchen is equipped with quartz counters, a Thermador appliance package, and a dry bar with beverage refrigerator. A third bedroom and half bath are also located on this floor.
Two bedroom suites occupy the upper level, each with an en-suite bath featuring a double vanity and closet space. An exclusive roof deck adds outdoor space and skyline views. The property is located at 129 North Washington St in Boston, Massachusetts 02113.
Two bedroom suites occupy the upper level, each with an en-suite bath featuring a double vanity and closet space. An exclusive roof deck adds outdoor space and skyline views. The property is located at 129 North Washington St in Boston, Massachusetts 02113.
Key Highlights
- 1,778‑square‑foot renovated penthouse residence
- Three bedrooms, two full baths, and one half bath
- Two fireplaces and red oak hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,769
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,380
$835.4K
Cap Rate 7%
$596,700
$596.7K
Cap Rate 9%
$464,100
$464.1K
Market Conditions
NOI Build-Up for 1,778 SF
Gross rent
$78.9K $44.40/SF
− Vacancy
−$3.0K −$1.69/SF
EGI
$75.9K $42.71/SF
− OpEx
−$34.2K −$19.22/SF
NOI
$41.8K $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%
$835,380
Cap Rate 7%
$596,700
Cap Rate 9%
$464,100
Alternative Uses
Best Use
Apartment 5plus
$596.7K
$522.1K – $696.2K
NOI $41,769 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,196 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
17,709
Businesses Nearby
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Business Placement
Demographics for 02113, MA
7,126
Population
4,664
Households
1.5
Avg Household Size
29
Median Age
80%
College-Educated
98%
High-School Grad
0.1 sq mi
ZIP Area
71,260
Density / Sq Mi
$110,321
Median Household Income
$72,264
Median Earnings
$2,498
Median Rent
$693,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Penthouse residence with three bedrooms, multiple fireplaces, and a private roof deck overlooking the skyline.
Where is this residential income property located?
The property is located at 129 North Washington St Boston, MA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 1,778‑square‑foot renovated penthouse residence; Three bedrooms, two full baths, and one half bath; Two fireplaces and red oak hardwood floors
