Four-Story Multifamily
47A North Margin Street Boston, MA 02113
47A North Margin Street, Boston, MA, 02113
$3,600,000
For Sale
$3,600,000
Seven-unit multifamily with six 1-bedroom units leased through Aug. 31, 2026; 2-bedroom unit is vacant.
Property Size6,850 SF
Price / SF$525.55
Days on Market120
Property Features for 47A North Margin Street
General Information
- Standard status
- Active
- Size
- 6,850 SF
- Property subtype
- 5-9 Family
Building Details
- Year Built
- 1920
Listing agency
Greenway Realty Group, LLC
(781) 389-8251
Listed by
Elisabeth Ventresca · License #9079111
Source
Downtownbostonrealty
Added: Mar 25 Updated: Jul 20 at 7:36PM Checked: Jul 21 at 5:45AM
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 Greenway Realty Group, LLC
Investment Insights
Based on property information with market context.
Introducing a four-story multifamily property at 47A North Margin Street featuring seven total units. The building offers six 1-bedroom/1-bath apartments and one 2-bedroom/1-bath unit. Per the rent roll, all 1-bedroom units are leased through August 31, 2026, while the 2-bedroom unit is currently vacant.
The property is described as being located on a quiet residential street in Boston’s North End. The offering includes reported annual performance of $171,000 in gross income and $29,806 in expenses, resulting in $141,194 in Net Operating Income (NOI). The listing notes the property is being offered in “as-is” condition, and a rent roll is available upon request.
The property is described as being located on a quiet residential street in Boston’s North End. The offering includes reported annual performance of $171,000 in gross income and $29,806 in expenses, resulting in $141,194 in Net Operating Income (NOI). The listing notes the property is being offered in “as-is” condition, and a rent roll is available upon request.
Key Highlights
- 7‑unit multifamily in Boston’s North End: six 1 bed/1 bath units plus one 2 bed/1 bath unit
- Year built 1920; 4‑story building with 6,850 sq ft
- Six 1‑bedroom units leased through Aug. 31, 2026
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 | $304.1k | $44.40 |
| − Vacancy | −$11.6k | −$1.69 |
| EGI | $292.6k | $42.71 |
| − OpEx | −$131.7k | −$19.22 |
| NOI | $160.9k | $23.49 |
6,850 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.30M
$2.01M – $2.68M
NOI $160,920 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.13M
$4.49M – $5.98M
NOI $359,050 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Seven-unit multifamily with six 1-bedroom units leased through Aug. 31, 2026; 2-bedroom unit is vacant.
Where is this apartment building located?
The property is located at 47A North Margin Street Boston, MA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 7‑unit multifamily in Boston’s North End: six 1 bed/1 bath units plus one 2 bed/1 bath unit; Year built 1920; 4‑story building with 6,850 sq ft; Six 1‑bedroom units leased through Aug. 31, 2026
