Mixed-Use Residential and Retail
194-198 Bunker Hill Street Boston, MA 02129
194-198 Bunker Hill Street, Boston, MA, 02129
$4,490,000
For Sale
$4,490,000
Includes residential units and a Bunker Hill laundromat, plus an approved redevelopment for a four-unit property.
Property Size6,400 SF
Price / SF$701.56
Days on Market162
Property Features for 194-198 Bunker Hill Street
General Information
- Standard status
- Active
- Size
- 6,400 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2015
Listing agency
Boston Realty Advisors
(617) 375-7900
Listed by
Nicholas Herz
Source
Capecoastalsir
Added: Feb 9 Updated: Jul 21 at 6:31AM Checked: Jul 21 at 6:31AM
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 Boston Realty Advisors
Investment Insights
Based on property information with market context.
This mixed-use offering combines existing residential income with retail support. 194–198 Bunker Hill Street includes 2 residential units and the Bunker Hill laundromat. The property also features an additional, currently vacant single-story building at 198 Bunker Hill Street, which is fully approved for redevelopment into a new four-unit project.
Approvals are in place for 2-bed/2-bath apartments or for-sale condominiums, with floor plans and Matterports available upon request.
The opportunity includes on-site residential living arrangements, an operating laundromat component, and a redevelopment pathway through the approved four-unit plan.
Approvals are in place for 2-bed/2-bath apartments or for-sale condominiums, with floor plans and Matterports available upon request.
The opportunity includes on-site residential living arrangements, an operating laundromat component, and a redevelopment pathway through the approved four-unit plan.
Key Highlights
- Mixed‑use asset with three addresses: 89 Green Street and 194–198 Bunker Hill Street
- 89 Green Street has 3 residential units; Year built 2015
- 194 Bunker Hill Street includes 2 residential units and the Bunker Hill laundromat
Local Financial Insights For Mixed Use
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 | $268.8k | $42.00 |
| − Vacancy | −$18.8k | −$2.94 |
| EGI | $250.0k | $39.06 |
| − OpEx | −$93.7k | −$14.65 |
| NOI | $156.2k | $24.41 |
6,400 SF · lease $42.00/SF/yr · vacancy 7.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.23M
$1.95M – $2.60M
NOI $156,240 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$2.15M
$1.88M – $2.51M
NOI $150,349 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$4.79M
$4.19M – $5.59M
NOI $335,462 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Includes residential units and a Bunker Hill laundromat, plus an approved redevelopment for a four-unit property.
Where is this mixed-use property located?
The property is located at 194-198 Bunker Hill Street Boston, MA.
What is the asking price?
The asking price for this property is $4,490,000.
What are key features of this property?
This property features: Mixed‑use asset with three addresses: 89 Green Street and 194–198 Bunker Hill Street; 89 Green Street has 3 residential units; Year built 2015; 194 Bunker Hill Street includes 2 residential units and the Bunker Hill laundromat
