Newly Built Apartment
157 Everett, Boston, MA 02134
For Sale
New
$6,700,000
Nine residences feature individual laundry, central heating and cooling, and separate water meters.
Property Size9,890 SF
Price / SF$677.45
Days on Market4
Property Features for 157 Everett
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Sprinkler System
Taxes and HOA fees
Annual Taxes
Amenities
central heating/cooling
in-unit washer/dryers
energy efficient windows
designer kitchens & bathrooms
hardwood flooring
gas HVAC
Building Details
Year Built
Buildings
Listing Agency:
City Realty Group
(781) 933-2500
Listed By:
Sean Rose · License #9567526
(617) 997-8351
Source:
Kiklisre
Added: Nov 4
Last Checked: Nov 6 at 8:19AM
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 City Realty Group
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Investment Insights
Based on property information with market context.
Completed in 2024, this 9,890-square-foot apartment property contains nine units. Features include central heating and cooling, in-unit washers and dryers, designer kitchens and bathrooms, hardwood floors, energy-efficient windows, and a full sprinkler system. Separate water meters are installed, and tenants pay all utilities. Some off-street parking is available.
The property is in Allston, near Boston College, Boston University, Saint Elizabeth’s Medical Center, New Balance Headquarters, and the Boston Landing mixed-use project. I-90 is less than a mile away.
The property is in Allston, near Boston College, Boston University, Saint Elizabeth’s Medical Center, New Balance Headquarters, and the Boston Landing mixed-use project. I-90 is less than a mile away.
Key Highlights
- Nine‑unit apartment building completed in 2024
- 9,890 square feet
- In‑unit washers and dryers; central heating and cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$232,336
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,646,720
$4.6M
Cap Rate 7%
$3,319,086
$3.3M
Cap Rate 9%
$2,581,511
$2.6M
Market Conditions
NOI Build-Up for 9,890 SF
Gross rent
$439.1K $44.40/SF
− Vacancy
−$16.7K −$1.69/SF
EGI
$422.4K $42.71/SF
− OpEx
−$190.1K −$19.22/SF
NOI
$232.3K $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%
$4,646,720
Cap Rate 7%
$3,319,086
Cap Rate 9%
$2,581,511
Alternative Uses
Best Use
Apartment 5plus
$3.32M
$2.90M – $3.87M
NOI $232,336 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.41M
$6.48M – $8.64M
NOI $518,394 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
9
Residential units
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,412
Businesses Nearby
Explore this area
Business Placement
Demographics for 02134, MA
21,707
Population
9,027
Households
2.4
Avg Household Size
27
Median Age
76%
College-Educated
96%
High-School Grad
1.2 sq mi
ZIP Area
18,089
Density / Sq Mi
$75,317
Median Household Income
$49,275
Median Earnings
$2,269
Median Rent
$586,700
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Boston, MA
Properties on Market for Apartment buildings in Boston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Nine residences feature individual laundry, central heating and cooling, and separate water meters.
Where is this apartment building located?
The property is located at 157 Everett Boston, MA.
What is the asking price?
The asking price for this property is $6,700,000.
What are key features of this property?
This property features: Nine‑unit apartment building completed in 2024; 9,890 square feet; In‑unit washers and dryers; central heating and cooling
