Charlestown Mixed-Use Retail &
For Sale
$3,300,000
250-252 Main Street, Boston, MA 02129
7,200 SF mixed-use property in the heart of Charlestown.
Property Size7,188 SF
Price / SF$459.10
Days on Market153
Property Features for 250-252 Main Street
General Information
Standard status
Active
Size
7,188 SF
Property subtype
Multi-Family
Zoning
RC
Taxes and HOA fees
Annual Taxes
$34,183
Amenities
false
Living Room, Kitchen
No
Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, Marina
Building Details
Year Built
1899
Stories
4
Listing Agency:
Northeast Private Client Group, LLC
(857) 990-6800
Listed By:
Tim McGeary
Source:
Arborviewrealtyinc
Added: Mar 27
Changed: Aug 14
Last Checked: Aug 14 at 6:08AM
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 Northeast Private Client Group, LLC
Investment Insights
Based on property information with market context.
The Main Street Mixed-Use property, located at 250 Main St in Charlestown, MA, offers 7,200 +/- SF of retail and multifamily space. The property includes one retail unit, three one-bedroom units, and four two-bedroom/two-bathroom units. Tenants are responsible for their own electric, heat, and hot water. Recent capital improvements include a new roof, renovations to five of the seven residential units, a butterfly system, and landscaping to the rear lawn for tenant use. The property is located in the heart of Charlestown, offering convenience and walkability. Tenants have immediate access to local restaurants, cafes, grocery stores, and neighborhood retail. It is also located moments from Bunker Hill Monument, the Charlestown Navy Yard, and Downtown Boston. The location provides connectivity to major transportation routes and public transit.
Key Highlights
- Prime Charlestown location with exceptional convenience and walkability to restaurants, cafes, grocery stores, and neighborhood retail.
- Mixed‑use property with retail space and a mix of (3) one‑bedroom and (4) two‑bedroom/two‑bathroom residential units.
- Recent capital improvements including roof, renovations to five residential units, butterfly system, and landscaping.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$175,477
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,509,540
$3.5M
Cap Rate 7%
$2,506,814
$2.5M
Cap Rate 9%
$1,949,744
$1.9M
Market Conditions
NOI Build-Up for 7,188 SF
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.
Gross rent
$301.9K $42.00/SF
− Vacancy
−$21.1K −$2.94/SF
EGI
$280.8K $39.06/SF
− OpEx
−$105.3K −$14.65/SF
NOI
$175.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,509,540
Cap Rate 7%
$2,506,814
Cap Rate 9%
$1,949,744
Alternative Uses
Best Use
Mixed Use
$2.51M
$2.19M – $2.92M
NOI $175,477 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$2.41M
$2.11M – $2.81M
NOI $168,861 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$5.38M
$4.71M – $6.28M
NOI $376,766 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,958
Businesses Nearby
Explore this area
Business Placement
Demographics for 02129, MA
19,120
Population
9,987
Households
1.9
Avg Household Size
36
Median Age
71%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
13,657
Density / Sq Mi
$157,192
Median Household Income
$101,310
Median Earnings
$2,258
Median Rent
$926,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - 7,200 SF mixed-use property in the heart of Charlestown.
Where is this mixed-use property located?
The property is located at 250-252 Main Street Boston, MA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Prime Charlestown location with exceptional convenience and walkability to restaurants, cafes, grocery stores, and neighborhood retail.; Mixed‑use property with retail space and a mix of (3) one‑bedroom and (4) two‑bedroom/two‑bathroom residential units.; Recent capital improvements including roof, renovations to five residential units, butterfly system, and landscaping.
