Turnkey Gut-Renovated
For Sale
$1,150,000
1903 Columbus Ave, Boston, MA 02119
Fully gut-renovated in 2022 with new plumbing, electrical, HVAC, roofing, and updated kitchens and baths.
Property Size2,568 SF
Days on Market195
Property Features for 1903 Columbus Ave
General Information
Standard status
Active
Size
2,568 SF
Property subtype
Multifamily
Site & Location
Neighborhood
Roxbury
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$11,255
Building Details
Building Size
2,568 SF
Year Built
2022
Year Renovated
2022
Listing Agency:
Block Realty
Listed By:
Niko Stafford · License #9555394
(774) 808-1091
Source:
Classifiedrealtygroup
Added: Apr 14
Changed: Oct 15
Last Checked: Oct 24 at 2:10PM
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 Block Realty
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Investment Insights
Based on property information with market context.
Turnkey multifamily property that was fully gut-renovated in 2022. The building has new plumbing, electrical, HVAC systems, and roofing, along with updated interior finishes. Units feature contemporary kitchen updates, updated bathrooms, and efficient layouts designed to support day-to-day livability.
Located in Roxbury with convenient access to public transportation, major highways, and nearby local shops and restaurants.
With major capital improvements already completed and no deferred maintenance noted, the property is positioned for low-maintenance ownership. This offering includes a fully renovated condition with upgraded unit interiors throughout.
Located in Roxbury with convenient access to public transportation, major highways, and nearby local shops and restaurants.
With major capital improvements already completed and no deferred maintenance noted, the property is positioned for low-maintenance ownership. This offering includes a fully renovated condition with upgraded unit interiors throughout.
Key Highlights
- Built in 2022 and fully gut‑renovated in 2022
- Major systems replaced in 2022, including plumbing, electrical, HVAC, and roofing
- Updated unit interiors with contemporary kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,328
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,206,560
$1.2M
Cap Rate 7%
$861,829
$861.8K
Cap Rate 9%
$670,311
$670.3K
Market Conditions
NOI Build-Up for 2,568 SF
Gross rent
$114.0K $44.40/SF
− Vacancy
−$4.3K −$1.69/SF
EGI
$109.7K $42.71/SF
− OpEx
−$49.4K −$19.22/SF
NOI
$60.3K $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%
$1,206,560
Cap Rate 7%
$861,829
Cap Rate 9%
$670,311
Alternative Uses
Best Use
Apartment 5plus
$861.8K
$754.1K – $1.01M
NOI $60,328 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,604 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,698
Businesses Nearby
Explore this area
Business Placement
Demographics for 02119, MA
29,175
Population
12,937
Households
2.3
Avg Household Size
34
Median Age
30%
College-Educated
81%
High-School Grad
1.6 sq mi
ZIP Area
18,234
Density / Sq Mi
$43,255
Median Household Income
$38,664
Median Earnings
$1,252
Median Rent
$668,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully gut-renovated in 2022 with new plumbing, electrical, HVAC, roofing, and updated kitchens and baths.
Where is this multifamily property located?
The property is located at 1903 Columbus Ave Boston, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Built in 2022 and fully gut‑renovated in 2022; Major systems replaced in 2022, including plumbing, electrical, HVAC, and roofing; Updated unit interiors with contemporary kitchens
