Eight-Unit Residential
2 Humboldt Place Boston, MA 02127
2 Humboldt Place, Boston, MA, 02127
$4,600,000
For Sale
$4,600,000
Newer 8-unit apartment building built in 2015 with in-unit laundry and two common roof decks.
Property Size6,957 SF
Price / SF$661.20
Days on Market103
Property Features for 2 Humboldt Place
General Information
- Standard status
- Active
- Size
- 6,957 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2015
Listing agency
Compass
Listed by
The Shahani Group
(617) 262-6200
Source
Cabotandcompany
Added: Apr 11 Updated: Jul 20 at 8:05PM Checked: Jul 21 at 7:30AM
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 Compass
Investment Insights
Based on property information with market context.
For sale is a newer eight-unit residential apartment building built in 2015. The property is described as turnkey, with property management in place. Interiors feature open-concept layouts with stainless steel appliances, granite finishes, modern bathrooms with updated fixtures and tile, in-unit laundry, central A/C, high ceilings, abundant natural light, and hardwood floors throughout. Common-area amenities include two common roof decks.
The building is located at 2 Humboldt Place in Boston, MA, a short distance from Andrew Square, with the Red Line T described as nearby.
As presented in the materials, current rents are listed for units 1 through 8.
The building is located at 2 Humboldt Place in Boston, MA, a short distance from Andrew Square, with the Red Line T described as nearby.
As presented in the materials, current rents are listed for units 1 through 8.
Key Highlights
- Built in 2015: newer 8‑unit residential apartment building
- Two common roof decks
- All units have in‑unit laundry and central A/C
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 | $308.9k | $44.40 |
| − Vacancy | −$11.7k | −$1.69 |
| EGI | $297.2k | $42.71 |
| − OpEx | −$133.7k | −$19.22 |
| NOI | $163.4k | $23.49 |
6,957 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.33M
$2.04M – $2.72M
NOI $163,434 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.21M
$4.56M – $6.08M
NOI $364,658 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Newer 8-unit apartment building built in 2015 with in-unit laundry and two common roof decks.
Where is this apartment building located?
The property is located at 2 Humboldt Place Boston, MA.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: Built in 2015: newer 8‑unit residential apartment building; Two common roof decks; All units have in‑unit laundry and central A/C
