Historic Loft Residential Income
For Sale
$699,000
42 Chauncy Street, Boston, MA 02111
Open-concept condo with painted brick, gas cooking, in-unit laundry, and elevator access in a historic Boston building.
Property Size838 SF
Price / SF$834.13
Days on Market90
Property Features for 42 Chauncy Street
General Information
Standard status
Active
Size
838 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x studio
Multifamily Units
1
Amenities
gas cooking
in-unit laundry
Range
Dishwasher
Disposal
Refrigerator
Washer
Dryer
Central Air
Tile
Concrete
Laminate
Central, Forced Air, Natural Gas
1.0 Story
$6,332 Taxes
Public
Built in 1899
Building Details
Year Built
1899
Year Renovated
2001
Construction
industrial loft
Listing Agency:
Charlesgate Realty Group, llc
(617) 587-0100
Listed By:
Matthew Giangregorio
(617) 780-0320
Source:
Donahuere
Added: Jul 8
Changed: Sep 9
Last Checked: Oct 4 at 6:14AM
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 Charlesgate Realty Group, llc
Investment Insights
Based on property information with market context.
This open-concept studio condo occupies the fourth floor of The Edison, a historic former Edison Electric Co. building in Boston. The residence offers 838 Sq. Ft. with a flexible layout that supports multiple furnishing and living arrangements. Interior details include painted brick, gas cooking, and a brushed stainless-steel backsplash extending from the counter to the ceiling. Laundry is located within the unit.
The building was converted into a boutique industrial loft condominium in 2001. Residents have elevator access and shared interior areas reflecting the building’s industrial character. The property is located at 42 Chauncy Street in Boston’s Downtown Crossing area.
The building was converted into a boutique industrial loft condominium in 2001. Residents have elevator access and shared interior areas reflecting the building’s industrial character. The property is located at 42 Chauncy Street in Boston’s Downtown Crossing area.
Key Highlights
- 838 Sq. Ft. open‑concept studio condo on the 4th floor
- Historic former Edison Electric Co. building converted in 2001
- Painted brick and brushed stainless‑steel backsplash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,686
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,720
$393.7K
Cap Rate 7%
$281,229
$281.2K
Cap Rate 9%
$218,733
$218.7K
Market Conditions
NOI Build-Up for 838 SF
Gross rent
$37.2K $44.40/SF
− Vacancy
−$1.4K −$1.69/SF
EGI
$35.8K $42.71/SF
− OpEx
−$16.1K −$19.22/SF
NOI
$19.7K $23.49/SF
Area
Boston, MA
Vacancy
3.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,720
Cap Rate 7%
$281,229
Cap Rate 9%
$218,733
Alternative Uses
Best Use
Apartment 5plus
$281.2K
$246.1K – $328.1K
NOI $19,686 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$627.5K
$549.1K – $732.1K
NOI $43,925 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
24,027
Businesses Nearby
Explore this area
Business Placement
Demographics for 02111, MA
9,716
Population
4,535
Households
2.1
Avg Household Size
34
Median Age
57%
College-Educated
83%
High-School Grad
0.2 sq mi
ZIP Area
48,580
Density / Sq Mi
$70,865
Median Household Income
$42,225
Median Earnings
$1,994
Median Rent
$953,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-concept condo with painted brick, gas cooking, in-unit laundry, and elevator access in a historic Boston building.
Where is this residential income property located?
The property is located at 42 Chauncy Street Boston, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 838 Sq. Ft. open‑concept studio condo on the 4th floor; Historic former Edison Electric Co. building converted in 2001; Painted brick and brushed stainless‑steel backsplash
