2-8 Bowdoin Street, Boston, MA 02121

Building Details

Building Size 7,462 SF More

Year Built 1910 More

Listing Agency: Keller Williams Realty Boston-Metro | Back Bay Show Phone

Listed By: Lindsey & Associates Realty Team Show Phone

Source: Churchillprop

Added: Apr 13 Changed: Oct 31 Last Checked: Nov 10 at 5:57AM

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Investment Insights

Based on property information with market context.

This is a rare opportunity to acquire a ZBA-approved 22-unit mixed-use development site at 2-8 Bowdoin Street, Dorchester, situated in the rapidly growing Four Corners/Fairmount corridor. The project is approved for approximately 33,452 square feet. Plans call for 22 residential rental units, including 4 affordable units, along with approximately 2,400 square feet of ground-floor retail/restaurant space. This transit-oriented development offers a strong opportunity for an investor or development partner to capitalize on a well-located site with significant entitlement progress already achieved. Situated on a prominent corner in a designated growth area, the project features zero-parking approval and benefits from strong visibility, neighborhood momentum, and municipal support. The property size is 7,462 square feet. This is a compelling development opportunity in one of Dorchester's evolving mixed-use corridors.

Key Highlights

• ZBA‑approved 22‑unit mixed‑use development site.
• Located in the rapidly growing Four Corners/Fairmount corridor.
• Approved for approximately 33,452 SF with plans for 22 residential units and 2,400 SF of retail/restaurant space.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$182,166

Cap Rate

7.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,643,320 $3.6M

Cap Rate 7%

$2,602,371 $2.6M

Cap Rate 9%

$2,024,067 $2.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,462 SF

Gross rent

$313.4K $42.00/SF

− Vacancy

−$21.9K −$2.94/SF

EGI

$291.5K $39.06/SF

− OpEx

−$109.3K −$14.65/SF

NOI

$182.2K $24.41/SF

Area

Boston, MA

Vacancy

7.00%

Lease Rate

$42.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,643,320

Cap Rate 7%

$2,602,371

Cap Rate 9%

$2,024,067

Alternative Uses

Best Use

Mixed Use

$2.60M

$2.28M – $3.04M (±1% cap)

NOI $182,166 @ 7.0% cap · market cap 7.29%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$5.59M

$4.89M – $6.52M (±1% cap)

NOI $391,128 @ 7.0% cap · market cap 15.65%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Parking Lot & Garage Acupuncture Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,380

Businesses Nearby

Explore this area Business Placement

Demographics for 02121, MA

28,766

Population

11,384

Households

2.5

Avg Household Size

33

Median Age

21%

College-Educated

75%

High-School Grad

1.9 sq mi

ZIP Area

15,140

Density / Sq Mi

$38,565

Median Household Income

$33,700

Median Earnings

$1,316

Median Rent

$548,100

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Boston, MA

$517 Jul

$579 Aug

$564 Sep

$608 Oct

Properties on Market for Mixed-use properties in Boston

Jul

Aug

Sep

Oct

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Approved 22-unit mixed-use development site in Four Corners/Fairmount corridor.

Where is this mixed-use property located?

The property is located at 2-8 Bowdoin Street Boston, MA.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: ZBA‑approved 22‑unit mixed‑use development site.; Located in the rapidly growing Four Corners/Fairmount corridor.; Approved for approximately 33,452 SF with plans for **22 residential units** and **2,400 SF of retail/restaurant space.**