Four-Unit Multifamily Apartment
For Sale
$2,295,000
15 Cooper St, Boston, MA 02113
Four-unit building featuring one 1-bed/1-bath and three 2-bed/1-bath apartments in Boston’s North End.
Property Size3,660 SF
Days on Market77
Property Features for 15 Cooper St
General Information
Standard status
Active
Size
3,660 SF
Property subtype
Multifamily
Additional Details
Cap Rate
5.01%
Highway Access
Yes
Multifamily Units
4
Amenities
Historic North End location
"Walker's Paradise" 100 Walk Score
Easy access to public transit and close to multiple highways
Building Details
Building Size
3,660 SF
Units
4
Tenancy
Multi
Listing Agency:
Marcus & Millichap Real Estate Investment Services
Listed By:
Tony Pepdjonovic · License #License(s): MA: 9525302
(617) 896-7277
Source:
Marcusmillichap
Added: Jul 22
Changed: Oct 6
Last Checked: Oct 5 at 3:11PM
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 Marcus & Millichap Real Estate Investment Services
Investment Insights
Based on property information with market context.
15 Cooper Street is a four-unit multifamily property comprising one 1-bed/1-bath apartment and three 2-bed/1-bath apartments. The building offers a straightforward unit mix for residential income, with all apartments configured as 1-bath layouts.
The property is located in Boston’s historic North End and is described as having a perfect 100 Walk Score (“Walker’s Paradise”). It is within walking distance of local amenities, well-known restaurants, and neighborhood attractions, with easy access to public transportation and multiple major highways.
This is a compact four-unit asset with consistent bathroom configuration across the unit mix.
The property is located in Boston’s historic North End and is described as having a perfect 100 Walk Score (“Walker’s Paradise”). It is within walking distance of local amenities, well-known restaurants, and neighborhood attractions, with easy access to public transportation and multiple major highways.
This is a compact four-unit asset with consistent bathroom configuration across the unit mix.
Key Highlights
- Four‑unit building at 15 Cooper Street with 1x 1‑bed/1‑bath and 3x 2‑bed/1‑bath apartments
- Located in Boston’s historic North End
- 100 Walk Score (Walker’s Paradise)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,486
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,849,720
$1.8M
Cap Rate 7%
$1,321,229
$1.3M
Cap Rate 9%
$1,027,622
$1.0M
Market Conditions
NOI Build-Up for 3,660 SF
Gross rent
$138.3K $37.80/SF
− Vacancy
−$6.2K −$1.70/SF
EGI
$132.1K $36.10/SF
− OpEx
−$39.6K −$10.83/SF
NOI
$92.5K $25.27/SF
Area
Boston, MA
Vacancy
4.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,849,720
Cap Rate 7%
$1,321,229
Cap Rate 9%
$1,027,622
Alternative Uses
Best Use
Multifamily LT 5
$1.32M
$1.16M – $1.54M
NOI $92,486 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$1.23M
$1.07M – $1.43M
NOI $85,981 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $191,843 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
12,999
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit building featuring one 1-bed/1-bath and three 2-bed/1-bath apartments in Boston’s North End.
Where is this quadplex located?
The property is located at 15 Cooper St Boston, MA.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: Four‑unit building at 15 Cooper Street with 1x 1‑bed/1‑bath and 3x 2‑bed/1‑bath apartments; Located in Boston’s historic North End; 100 Walk Score (Walker’s Paradise)
