Five-Unit Mixed-Use
New
For Sale
$2,295,000
147-149 Meridian Street, Boston, MA 02128
Brick property combines five apartments with a separately metered commercial space.
Property Size4,750 SF
Days on Market3
Property Features for 147-149 Meridian Street
General Information
Standard status
Active
Size
4,750 SF
Property subtype
5-9 Family
Units
Unit Mix
4 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$13,607
Building Details
Building Size
4,750 SF
Year Built
1920
Buildings
1
Construction
brick
Listing Agency:
Perlera Real Estate
Listed By:
Saul Perlera
Source:
Allisonmazer
Added: Oct 4
Changed: Oct 6
Last Checked: Oct 5 at 7:39PM
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 Perlera Real Estate
Investment Insights
Based on property information with market context.
This 4,750-square-foot brick building contains five residential apartments and one commercial unit. The apartment mix includes four one-bedroom, one-bath layouts and a two-bedroom, one-bath unit with a deck. The building dates to 1920.
A shared gas heating system serves the residential units, which have separate electric meters. Heat, hot water, and cooking gas are included in residential rent. The commercial space has separate utilities and is located on Meridian Street in Boston, near Central Square and Maverick Square.
A shared gas heating system serves the residential units, which have separate electric meters. Heat, hot water, and cooking gas are included in residential rent. The commercial space has separate utilities and is located on Meridian Street in Boston, near Central Square and Maverick Square.
Key Highlights
- Five apartments and one commercial unit in a brick building
- 4,750 square feet; built in 1920
- Apartment mix: four one‑bedroom units and one two‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,959
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,319,180
$2.3M
Cap Rate 7%
$1,656,557
$1.7M
Cap Rate 9%
$1,288,433
$1.3M
Market Conditions
NOI Build-Up for 4,750 SF
Gross rent
$199.5K $42.00/SF
− Vacancy
−$14.0K −$2.94/SF
EGI
$185.5K $39.06/SF
− OpEx
−$69.6K −$14.65/SF
NOI
$116.0K $24.41/SF
Area
Boston, MA
Vacancy
7.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,319,180
Cap Rate 7%
$1,656,557
Cap Rate 9%
$1,288,433
Alternative Uses
Best Use
Mixed Use
$1.66M
$1.45M – $1.93M
NOI $115,959 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$1.59M
$1.39M – $1.86M
NOI $111,587 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$3.56M
$3.11M – $4.15M
NOI $248,976 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,073
Businesses Nearby
Explore this area
Business Placement
Demographics for 02128, MA
43,066
Population
19,124
Households
2.3
Avg Household Size
33
Median Age
38%
College-Educated
77%
High-School Grad
5.0 sq mi
ZIP Area
8,613
Density / Sq Mi
$92,079
Median Household Income
$48,549
Median Earnings
$2,009
Median Rent
$680,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick property combines five apartments with a separately metered commercial space.
Where is this mixed-use property located?
The property is located at 147-149 Meridian Street 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: Five apartments and one commercial unit in a brick building; 4,750 square feet; built in 1920; Apartment mix: four one‑bedroom units and one two‑bedroom unit
