Turnkey Mixed-Use Building with
140-142 Meridian Street Boston, MA 02128
140-142 Meridian Street, Boston, MA, 02128
$2,400,000
For Sale
$2,400,000
Mixed-use building with office space, common areas, and four apartment units, largely renovated in 2025.
Property Size5,535 SF
Price / SF$433.60
Days on Market59
Property Features for 140-142 Meridian Street
General Information
- Standard status
- Active
- Size
- 5,535 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1899
Listing agency
Realty One Group Next Level
Listed by
Michal Wisniewski
(617) 750-6378
Source
Benoitrealestate
Added: May 24 Updated: Jul 21 at 3:13AM Checked: Jul 21 at 3:13AM
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 Realty One Group Next Level
Investment Insights
Based on property information with market context.
140-142 Meridian Street presents a turnkey mixed-use property with office space, common areas, and four apartment units. The property was almost entirely renovated in 2025, including updates to the office space, common areas, and three of the four apartment units. The remaining unit received flooring replacement and is described as still livable.
The building is located on Meridian Street in East Boston. As presented, it offers a renovated interior package for the majority of the space, while maintaining a partially updated unit within the same structure.
This is being offered for sale as a mixed-use asset. Please contact the listing agent for financial details and any additional questions.
The building is located on Meridian Street in East Boston. As presented, it offers a renovated interior package for the majority of the space, while maintaining a partially updated unit within the same structure.
This is being offered for sale as a mixed-use asset. Please contact the listing agent for financial details and any additional questions.
Key Highlights
- Mixed‑use building with office space, common areas, and 4 apartment units at 140‑142 Meridian Street in East Boston
- Built in 1899
- Almost entirely renovated in 2025, including office space and common areas
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $279.0k | $50.40 |
| − Vacancy | −$61.4k | −$11.09 |
| EGI | $217.6k | $39.31 |
| − OpEx | −$54.4k | −$9.83 |
| NOI | $163.2k | $29.48 |
5,535 SF · lease $50.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.33M
$2.04M – $2.72M
NOI $163,194 @ 7.0% cap · market cap 6.80%
Second Best
Multifamily LT 5
$2.00M
$1.75M – $2.33M
NOI $139,866 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$4.14M
$3.63M – $4.84M
NOI $290,123 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with office space, common areas, and four apartment units, largely renovated in 2025.
Where is this mixed-use property located?
The property is located at 140-142 Meridian Street Boston, MA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Mixed‑use building with office space, common areas, and 4 apartment units at 140‑142 Meridian Street in East Boston; Built in 1899; Almost entirely renovated in 2025, including office space and common areas
