Mixed-Use Retail and
262-264 West Broadway Boston, MA 02127
262-264 West Broadway, Boston, MA, 02127
$3,995,000
For Sale
$3,995,000
4-story building with three residential apartments, one ground-floor retail space, and four on-site parking spots.
Property Size6,500 SF
Price / SF$614.62
Days on Market313
Property Features for 262-264 West Broadway
General Information
- Standard status
- Active
- Size
- 6,500 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
Tucker Real Estate Advisors,Inc.
Listed by
Dodge Tucker
(617) 394-8648
Source
Unitboston
Added: Sep 13, 2025 Updated: Jul 21 at 7:42AM Checked: Jul 21 at 7:42AM
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 Tucker Real Estate Advisors,Inc.
Investment Insights
Based on property information with market context.
This 4-story mixed-use property includes three residential apartments and a ground-floor retail space. The building is described as very well maintained and “turnkey.” There are four parking spots on-site.
262-264 West Broadway is positioned in South Boston near local bars, restaurants, and shops, with access reported to the Broadway Red Line and further connectivity to the Seaport, major highways, and Logan Airport.
The residential units are currently occupied, with the retail space listed as vacant, giving a buyer flexibility as an owner-user or investor.
262-264 West Broadway is positioned in South Boston near local bars, restaurants, and shops, with access reported to the Broadway Red Line and further connectivity to the Seaport, major highways, and Logan Airport.
The residential units are currently occupied, with the retail space listed as vacant, giving a buyer flexibility as an owner-user or investor.
Key Highlights
- 4‑story building with 3 residential apartments and 1 ground‑floor retail space
- Includes 4 on‑site parking spots
- Residential tenants include TAW; the ground‑floor commercial unit is vacant
Local Financial Insights For Multifamily LT 5
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 | $245.7k | $37.80 |
| − Vacancy | −$11.1k | −$1.70 |
| EGI | $234.6k | $36.10 |
| − OpEx | −$70.4k | −$10.83 |
| NOI | $164.3k | $25.27 |
6,500 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.35M
$2.05M – $2.74M
NOI $164,250 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$2.18M
$1.91M – $2.54M
NOI $152,698 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$4.87M
$4.26M – $5.68M
NOI $340,704 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - 4-story building with three residential apartments, one ground-floor retail space, and four on-site parking spots.
Where is this triplex located?
The property is located at 262-264 West Broadway Boston, MA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 4‑story building with 3 residential apartments and 1 ground‑floor retail space; Includes 4 on‑site parking spots; Residential tenants include TAW; the ground‑floor commercial unit is vacant
