Seven-Unit Multifamily
47a North Margin Street Boston, MA 02113
47a North Margin Street, Boston, MA, 02113
$3,600,000
For Sale
$3,600,000
Four-story multifamily with seven units, including six leased 1-bed apartments through August 31, 2026.
Property Size5,480 SF
Price / SF$656.93
Days on Market136
Property Features for 47a North Margin Street
General Information
- Standard status
- Active
- Size
- 5,480 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
Greenway Realty Group,LLC
Listed by
Elisabeth Ventresca
(617) 661-6600
Source
Cambridgerealty
Added: Mar 8 Updated: Jul 21 at 12:39AM Checked: Jul 21 at 6:25AM
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 47A North Margin St, a four-story multifamily property containing 7 total units. The building includes six 1-bedroom/1-bath units and one 2-bedroom/1-bath unit. Per the provided rent information, all 1-bedroom units are leased through August 31, 2026, supporting near-term occupancy stability, while the 2-bedroom unit is currently vacant.
The property is described as generating $171,000 in gross income with $29,806 in expenses, resulting in a stated $141,194 Net Operating Income (NOI). The rent roll is available upon request. The offering is presented as an opportunity to enhance cash flow through lease-up or repositioning for the vacant unit, based on the information provided.
As presented in the materials, the building’s structure and unit mix provide a straightforward income profile with one unit available to bring to market under the buyer’s plan.
The property is described as generating $171,000 in gross income with $29,806 in expenses, resulting in a stated $141,194 Net Operating Income (NOI). The rent roll is available upon request. The offering is presented as an opportunity to enhance cash flow through lease-up or repositioning for the vacant unit, based on the information provided.
As presented in the materials, the building’s structure and unit mix provide a straightforward income profile with one unit available to bring to market under the buyer’s plan.
Key Highlights
- 4‑story multifamily on North Margin St, built in 1920, with 7 units in 6,850 sq ft
- Unit mix: six 1‑bed/1‑bath apartments and one 2‑bed/1‑bath unit
- Six 1‑bedroom units are leased through August 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 | $243.3k | $44.40 |
| − Vacancy | −$9.2k | −$1.69 |
| EGI | $234.1k | $42.71 |
| − OpEx | −$105.3k | −$19.22 |
| NOI | $128.7k | $23.49 |
5,480 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.84M
$1.61M – $2.15M
NOI $128,736 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.10M
$3.59M – $4.79M
NOI $287,240 @ 7.0% cap · market cap 7.98%
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 - Four-story multifamily with seven units, including six leased 1-bed apartments through August 31, 2026.
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: 4‑story multifamily on North Margin St, built in 1920, with 7 units in 6,850 sq ft; Unit mix: six 1‑bed/1‑bath apartments and one 2‑bed/1‑bath unit; Six 1‑bedroom units are leased through August 31, 2026
