New Mixed-Use
For Sale
$9,340,000
197 Green Boston Ma, Boston, MA 02130
2022 construction combines 23 apartments, leased retail, resident amenities, and on-site parking near MBTA Green Street station.
Property Size20,480 SF
Price / SF$456.05
Days on Market225
Property Features for 197 Green Boston Ma
General Information
Standard status
Active
Size
20,480 SF
Total Parking Spaces
6
Property subtype
Multi-family / 5+ Family - 5+ Units Up/Down
Zoning
LI
Net Operating Income
$690,378
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
5 x studio, 11 x 1-bedroom, 3 x 2-bedroom, 4 x artist live/work lofts
Multifamily Units
23
Additional Details
Gross Income
$810,729
Taxes and HOA fees
Annual Taxes
$72,671
Amenities
in-unit washer/dryers
mail room
bike rack room
room for trash & recycling
City/Town Sewer, Public
No, Yes, .00, Paved Drive, Paved Drive
No
23.0
23
23.00
Frame
Rubber
Building Details
Year Built
2022
Buildings
1
Tenancy
Multi
Listing Agency:
City Realty Group
Listed By:
Sean Rose · License #9567526
(617) 751-5119
Source:
Compass
Added: Mar 7
Changed: Oct 16
Last Checked: Oct 16 at 11:32AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2022, this mixed-use property contains 23 residential apartments and one retail unit. The residential component includes five studios, eleven one-bedroom apartments, three two-bedroom apartments, and four artist live/work lofts. Interiors feature modern cabinetry and vanities, stone countertops, new appliances and fixtures, in-unit washer/dryers, and abundant natural light. The building also provides a mail room, bike rack room, trash and recycling room, and separately metered utilities.
The retail space is leased to an interior designer through 6/30/28. Six parking spots are located on the premises. In Jamaica Plain, the property is steps from the MBTA Green Street station on the Orange Line. The property is identified with LI zoning.
The retail space is leased to an interior designer through 6/30/28. Six parking spots are located on the premises. In Jamaica Plain, the property is steps from the MBTA Green Street station on the Orange Line. The property is identified with LI zoning.
Key Highlights
- 2022‑built mixed‑use property with 23 residential apartments and 1 retail unit
- Residential mix includes five studios, eleven 1‑bedroom units, three 2‑bedroom units, and four artist live/work lofts
- Retail unit leased to an interior designer through 6/30/28
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$603,832
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,076,640
$12.1M
Cap Rate 7%
$8,626,171
$8.6M
Cap Rate 9%
$6,709,244
$6.7M
Market Conditions
NOI Build-Up for 20,480 SF
Gross rent
$1.03M $50.40/SF
− Vacancy
−$227.1K −$11.09/SF
EGI
$805.1K $39.31/SF
− OpEx
−$201.3K −$9.83/SF
NOI
$603.8K $29.48/SF
Area
Boston, MA
Vacancy
22.00%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,076,640
Cap Rate 7%
$8,626,171
Cap Rate 9%
$6,709,244
Alternative Uses
Best Use
Office B
$8.63M
$7.55M – $10.06M
NOI $603,832 @ 7.0% cap · market cap 6.47%
Second Best
Mixed Use
$7.14M
$6.25M – $8.33M
NOI $499,968 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$15.34M
$13.42M – $17.89M
NOI $1,073,480 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
23
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,618
Businesses Nearby
Explore this area
Business Placement
Demographics for 02130, MA
38,284
Population
18,802
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
94%
High-School Grad
3.5 sq mi
ZIP Area
10,938
Density / Sq Mi
$130,533
Median Household Income
$73,238
Median Earnings
$2,434
Median Rent
$763,700
Median Home Value
Market
Vacancy Rate% for Office in Boston, MA
Frequently Asked Questions
What type of property is this?
Mixed-use property - 2022 construction combines 23 apartments, leased retail, resident amenities, and on-site parking near MBTA Green Street station.
Where is this mixed-use property located?
The property is located at 197 Green Boston Ma Boston, MA.
What is the asking price?
The asking price for this property is $9,340,000.
What are key features of this property?
This property features: 2022‑built mixed‑use property with 23 residential apartments and 1 retail unit; Residential mix includes five studios, eleven 1‑bedroom units, three 2‑bedroom units, and four artist live/work lofts; Retail unit leased to an interior designer through 6/30/28
