8-Unit Apartment
New
For Sale
$2,100,000
43-45 Waverly St, Boston, MA 02119
All apartments are leased, with current agreements extending through late 2026.
Property Size6,173 SF
Price / SF$340.19
Days on Market2
Property Features for 43-45 Waverly St
General Information
Standard status
Active
Size
6,173 SF
Property subtype
5-9 Family
Building Details
Year Built
1920
Listing Agency:
Northeast Private Client Group
(857) 990-6800
Listed By:
Francis Saenz · License #149766
(857) 990-6803
Source:
Lockandkeyre
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 2:26PM
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 Northeast Private Client Group
Investment Insights
Based on property information with market context.
This three-story apartment property contains 8 units across 6,173 square feet. The mix comprises six one-bedroom apartments and two studios at 43 and 45 Waverly Street. Built in 1920, the building is fully leased, with current leases running through late 2026.
Residents cover their own electricity costs and reimburse water and sewer expenses. The property is on Waverly Street in Roxbury, south of Boston’s downtown core.
Residents cover their own electricity costs and reimburse water and sewer expenses. The property is on Waverly Street in Roxbury, south of Boston’s downtown core.
Key Highlights
- Eight apartments: six one‑bedroom units and two studios
- 6,173 square feet in a three‑story building
- All units leased through late 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,016
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,900,320
$2.9M
Cap Rate 7%
$2,071,657
$2.1M
Cap Rate 9%
$1,611,289
$1.6M
Market Conditions
NOI Build-Up for 6,173 SF
Gross rent
$274.1K $44.40/SF
− Vacancy
−$10.4K −$1.69/SF
EGI
$263.7K $42.71/SF
− OpEx
−$118.6K −$19.22/SF
NOI
$145.0K $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%
$2,900,320
Cap Rate 7%
$2,071,657
Cap Rate 9%
$1,611,289
Alternative Uses
Best Use
Apartment 5plus
$2.07M
$1.81M – $2.42M
NOI $145,016 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.62M
$4.04M – $5.39M
NOI $323,564 @ 7.0% cap · market cap 15.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,929
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - All apartments are leased, with current agreements extending through late 2026.
Where is this apartment building located?
The property is located at 43-45 Waverly St Boston, MA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Eight apartments: six one‑bedroom units and two studios; 6,173 square feet in a three‑story building; All units leased through late 2026
