Charlestown Mixed-Use Retail &
250-252 Main Street Boston, MA 02129
250-252 Main Street, Boston, MA, 02129
$3,300,000
For Sale
$3,300,000
7,200 SF mixed-use property in the heart of Charlestown.
Property Size7,188 SF
Price / SF$459.10
Days on Market113
Property Features for 250-252 Main Street
General Information
- Standard status
- Active
- Size
- 7,188 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1899
Listing Agency
Northeast Private Client Group, LLC
Listed by
Tim McGeary
Source
Arborviewrealtyinc
Added: Mar 27 Checked: Jul 7 at 12:06 pm
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.
Local Financial Insights For Mixed Use
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 | $301.9k | $42.00 |
| − Vacancy | −$21.1k | −$2.94 |
| EGI | $280.8k | $39.06 |
| − OpEx | −$105.3k | −$14.65 |
| NOI | $175.5k | $24.41 |
7,188 SF · lease $42.00/SF/yr · vacancy 7.00% · expense 37.50%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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.
