8-Unit Mixed-Use
306-308 Warren St., Boston, MA 02119
For Sale
New
$2,700,000
Current lease agreements are in place, with a shopping plaza reachable on foot.
Property Size6,526 SF
Price / SF$413.73
Days on Market2
Property Features for 306-308 Warren St.
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Mixed-Use Components
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Buildings
Listing Agency:
RE/MAX Real Estate Center
(781) 933-2500
Listed By:
Reilly Foley Team
Source:
Kiklisre
Added: Nov 12
Last Checked: Nov 12 at 2:27PM
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 RE/MAX Real Estate Center
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 306-308 Warren St. in Boston, this 8-unit mixed-use property contains 6,526 square feet and dates to 1920. Existing leases are in place. The building is located on a main thoroughfare, with a shopping plaza within walking distance.
The property is subject to a partition petition in the Massachusetts Land Court, docket 25 MISC 000364 (KTS). The seller will seek court approval for the selected offer, and the closing date depends on that approval.
The property is subject to a partition petition in the Massachusetts Land Court, docket 25 MISC 000364 (KTS). The seller will seek court approval for the selected offer, and the closing date depends on that approval.
Key Highlights
- 8‑unit mixed‑use property
- 6,526 square feet; built in 1920
- Existing leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,316
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,186,320
$3.2M
Cap Rate 7%
$2,275,943
$2.3M
Cap Rate 9%
$1,770,178
$1.8M
Market Conditions
NOI Build-Up for 6,526 SF
Gross rent
$274.1K $42.00/SF
− Vacancy
−$19.2K −$2.94/SF
EGI
$254.9K $39.06/SF
− OpEx
−$95.6K −$14.65/SF
NOI
$159.3K $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 Rate 5%
$3,186,320
Cap Rate 7%
$2,275,943
Cap Rate 9%
$1,770,178
Alternative Uses
Best Use
Mixed Use
$2.28M
$1.99M – $2.66M
NOI $159,316 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$2.19M
$1.92M – $2.56M
NOI $153,309 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$4.89M
$4.28M – $5.70M
NOI $342,067 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,434
Businesses Nearby
Explore this area
Business Placement
Demographics for 02119, MA
29,175
Population
12,937
Households
2.3
Avg Household Size
34
Median Age
30%
College-Educated
81%
High-School Grad
1.6 sq mi
ZIP Area
18,234
Density / Sq Mi
$43,255
Median Household Income
$38,664
Median Earnings
$1,252
Median Rent
$668,900
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Boston, MA
Properties on Market for Mixed-use properties in Boston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Current lease agreements are in place, with a shopping plaza reachable on foot.
Where is this mixed-use property located?
The property is located at 306-308 Warren St. Boston, MA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 8‑unit mixed‑use property; 6,526 square feet; built in 1920; Existing leases
