Turnkey Gut-Renovated
1903 Columbus Avenue Boston, MA 02119
1903 Columbus Avenue, Boston, MA, 02119
$1,300,000
For Sale
$1,300,000
Fully gut-renovated in 2022 with new plumbing, electrical, HVAC, roofing, and updated kitchens and baths.
Property Size2,568 SF
Price / SF$506.23
Days on Market112
Property Features for 1903 Columbus Avenue
General Information
- Standard status
- Active
- Size
- 2,568 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2022
Listing agency
Block Realty
Listed by
Niko Stafford
(617) 731-4644
Source
Hammondre
Added: Apr 3 Updated: Jul 21 at 4:08AM Checked: Jul 22 at 6:38AM
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
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
Local Financial Insights For Apartment 5plus
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 | $114.0k | $44.40 |
| − Vacancy | −$4.3k | −$1.69 |
| EGI | $109.7k | $42.71 |
| − OpEx | −$49.4k | −$19.22 |
| NOI | $60.3k | $23.49 |
2,568 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$861.8K
$754.1K – $1.01M
NOI $60,328 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,604 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
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 Avenue Boston, MA.
What is the asking price?
The asking price for this property is $1,300,000.
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
