Mixed-Use Development Site with
2 Ford Street Boston, MA 02128
2 Ford Street, Boston, MA, 02128
$3,490,000
For Sale
$3,490,000
Two-lot project includes an existing auto body shop with plans for a 4-story building and ground-level retail.
Property Size20,825 SF
Price / SF$167.59
Days on Market243
Property Features for 2 Ford Street
General Information
- Standard status
- Active
- Size
- 20,825 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2027
Listing agency
Carlton's Wharf & Co.
Listed by
Brian Rivas
(781) 878-2478
Source
Trufantre
Added: Nov 20, 2025 Updated: Jul 20 at 6:28PM Checked: Jul 20 at 6:28PM
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 Carlton's Wharf & Co.
Investment Insights
Based on property information with market context.
The 2 Ford St. Development Project consists of two lots and includes an existing auto body shop delivered with city approvals and plans for a four-story building. The proposed development totals 27 residential apartments, including 5 IDP/Affordable units, along with 10 parking spaces and one ground-level retail space.
The property is located 0.2 miles from the Orient Heights MBTA Blue Line, and one stop away from the Suffolk Downs project described as 161 acres of mixed-use development.
Buyer should perform due diligence and apply for building permits.
The property is located 0.2 miles from the Orient Heights MBTA Blue Line, and one stop away from the Suffolk Downs project described as 161 acres of mixed-use development.
Buyer should perform due diligence and apply for building permits.
Key Highlights
- Two‑lot development project at 2 Ford St includes an existing auto body shop.
- Plans approved for a 4‑story building totaling 27 residential apartments (5 IDP/Affordable).
- Includes 1 ground‑level retail space and 10 parking spaces.
Local Financial Insights For Industrial
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 | $334.9k | $16.08 |
| − Vacancy | −$21.8k | −$1.05 |
| EGI | $313.1k | $15.03 |
| − OpEx | −$93.9k | −$4.51 |
| NOI | $219.2k | $10.52 |
20,825 SF · lease $16.08/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$6.99M
$6.12M – $8.15M
NOI $489,222 @ 7.0% cap · market cap 14.02%
Second Best
Retail
$4.80M
$4.20M – $5.60M
NOI $336,128 @ 7.0% cap · market cap 9.63%
Theoretical Best
Office A
$15.59M
$13.64M – $18.19M
NOI $1,091,563 @ 7.0% cap · market cap 31.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
UPS Access Point ...
Courier Service
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FAQs
What type of property is this?
Apartment building - Two-lot project includes an existing auto body shop with plans for a 4-story building and ground-level retail.
Where is this apartment building located?
The property is located at 2 Ford Street Boston, MA.
What is the asking price?
The asking price for this property is $3,490,000.
What are key features of this property?
This property features: Two‑lot development project at 2 Ford St includes an existing auto body shop.; Plans approved for a 4‑story building totaling 27 residential apartments (5 IDP/Affordable).; Includes 1 ground‑level retail space and 10 parking spaces.
