Mixed-Use Multifamily
406-416 Market Street Boston, MA 02135
406-416 Market Street, Boston, MA, 02135
$11,000,000
For Sale
$11,000,000
Four-story brick building with 19 one-bedroom units and four commercial units along Market Street.
Property Size17,652 SF
Lot Size0.12 Acres
Price / SF$623.16
Days on Market50
Property Features for 406-416 Market Street
General Information
- Standard status
- Active
- Size
- 17,652 SF
- Lot size
- 0.12 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing agency
Boston Plex
Listed by
Daniel S. Lee
(617) 846-8000
Source
Highlandre
Added: Jun 2 Updated: Jul 21 at 1:02AM Checked: Jul 21 at 1:02AM
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 Boston Plex
Investment Insights
Based on property information with market context.
This four-story brick building at 406–416 Market Street includes a total of 23 units, comprised of 19 residential one-bedroom apartments and four commercial units. The apartments are equipped with electric heating, which can simplify maintenance by avoiding traditional heating systems. The property also includes off-street parking in a city-owned lot for residents.
Positioned in the heart of Brighton Center, the building sits directly along Market Street, close to restaurants, cafes, retail shops, and daily conveniences. Transit access is supported by multiple MBTA bus routes running through Brighton Center, with service connecting directly to Harvard Square and Kenmore Square.
With its mixed residential and commercial configuration and street-facing presence, the property offers an integrated income approach within a walkable neighborhood retail and transit corridor.
Positioned in the heart of Brighton Center, the building sits directly along Market Street, close to restaurants, cafes, retail shops, and daily conveniences. Transit access is supported by multiple MBTA bus routes running through Brighton Center, with service connecting directly to Harvard Square and Kenmore Square.
With its mixed residential and commercial configuration and street-facing presence, the property offers an integrated income approach within a walkable neighborhood retail and transit corridor.
Key Highlights
- Four‑story brick building built in 1910 on a 0.12‑acre lot at 406‑416 Market Street in Brighton
- Over 17,652 SF with 19 residential units (all one‑bedroom) plus 4 commercial units
- Electric heating in each apartment unit for simplified maintenance versus traditional heating systems
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 | $783.7k | $44.40 |
| − Vacancy | −$29.8k | −$1.69 |
| EGI | $754.0k | $42.71 |
| − OpEx | −$339.3k | −$19.22 |
| NOI | $414.7k | $23.49 |
17,652 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$5.92M
$5.18M – $6.91M
NOI $414,681 @ 7.0% cap · market cap 3.77%
Second Best
Retail
$4.07M
$3.56M – $4.75M
NOI $284,914 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$13.22M
$11.57M – $15.42M
NOI $925,247 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Four-story brick building with 19 one-bedroom units and four commercial units along Market Street.
Where is this apartment building located?
The property is located at 406-416 Market Street Boston, MA.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: Four‑story brick building built in 1910 on a 0.12‑acre lot at 406‑416 Market Street in Brighton; Over 17,652 SF with 19 residential units (all one‑bedroom) plus 4 commercial units; Electric heating in each apartment unit for simplified maintenance versus traditional heating systems
