6-Unit Apartment
New
For Sale
$1,900,000
43-45 Sturbridge Street, Boston, MA 02126
Fully occupied multifamily property with tenants responsible for heat, hot water, and electricity.
Property Size6,249 SF
Price / SF$304.05
Days on Market6
Property Features for 43-45 Sturbridge Street
General Information
Standard status
Active
Size
6,249 SF
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
5 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
6
Additional Details
Gross Income
$202,488
Public Transit
Yes
Building Details
Year Built
1930
Listing Agency:
Marcus & Millichap Real Estate Investment Services
Listed By:
Tony Pepdjonovic · License #(S):MA:9525302
(617) 896-7277
Source:
Elevatedboston
Added: Oct 11
Changed: Oct 15
Last Checked: Oct 14 at 10:48PM
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 Marcus & Millichap Real Estate Investment Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,249-square-foot apartment building contains six residences and was built in 1930. Five apartments have two bedrooms and one bathroom; the sixth offers three bedrooms and one bathroom. The property is fully occupied, and tenants pay for heat, hot water, and electricity through separated utilities.
The building is in Boston’s Lower Mills neighborhood. Red Line service via Central Ave Milton is 0.2 miles away, with Star Market, restaurants, and cafes among the nearby amenities.
The building is in Boston’s Lower Mills neighborhood. Red Line service via Central Ave Milton is 0.2 miles away, with Star Market, restaurants, and cafes among the nearby amenities.
Key Highlights
- Six apartments: five with 2 bedrooms and 1 bathroom, plus one with 3 bedrooms and 1 bathroom
- 6,249 square feet; built in 1930
- Fully occupied with separated utilities; tenants pay heat, hot water, and electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,802
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,936,040
$2.9M
Cap Rate 7%
$2,097,171
$2.1M
Cap Rate 9%
$1,631,133
$1.6M
Market Conditions
NOI Build-Up for 6,249 SF
Gross rent
$277.5K $44.40/SF
− Vacancy
−$10.5K −$1.69/SF
EGI
$266.9K $42.71/SF
− OpEx
−$120.1K −$19.22/SF
NOI
$146.8K $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%
$2,936,040
Cap Rate 7%
$2,097,171
Cap Rate 9%
$1,631,133
Alternative Uses
Best Use
Apartment 5plus
$2.10M
$1.84M – $2.45M
NOI $146,802 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.68M
$4.09M – $5.46M
NOI $327,548 @ 7.0% cap · market cap 17.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,278
Businesses Nearby
Explore this area
Business Placement
Demographics for 02126, MA
22,734
Population
9,617
Households
2.4
Avg Household Size
38
Median Age
24%
College-Educated
87%
High-School Grad
1.8 sq mi
ZIP Area
12,630
Density / Sq Mi
$67,206
Median Household Income
$42,397
Median Earnings
$1,659
Median Rent
$515,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with tenants responsible for heat, hot water, and electricity.
Where is this apartment building located?
The property is located at 43-45 Sturbridge Street Boston, MA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Six apartments: five with 2 bedrooms and 1 bathroom, plus one with 3 bedrooms and 1 bathroom; 6,249 square feet; built in 1930; Fully occupied with separated utilities; tenants pay heat, hot water, and electricity
