10-Unit Apartment
New
For Sale
$4,495,000
503 Beacon Street, Boston, MA 02215
The studio and one-bedroom mix is complemented by off-street parking.
Property Size4,959 SF
Price / SF$906.43
Days on Market2
Property Features for 503 Beacon Street
General Information
Standard status
Active
Size
4,959 SF
Total Parking Spaces
2
Property subtype
Multi-family
Units
Unit Mix
4 x studio, 6 x 1BR
Multifamily Units
10
Additional Details
Public Transit
Yes
Building Details
Year Built
1899
Listing Agency:
Boston Realty Advisors
Listed By:
Kevin Benzinger · License #9526383
(617) 375-7900
Source:
Sarkisboston
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 5 at 7:24PM
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 Boston Realty Advisors
Investment Insights
Based on property information with market context.
This 4,959-square-foot apartment building dates to 1899 and contains 10 residences: four studios and six one-bedroom units. Renovated apartments achieve higher rents than comparable unrenovated units, and additional units may be renovated as they become available. The property also has two off-street parking spaces.
The building is near Boston’s Back Bay and Fenway neighborhoods. Nearby Green Line service provides transit connections, while the Prudential Center, Newbury Street, Fenway, and Kenmore Square are among the area destinations. Cambridge is accessible across the Charles River via Massachusetts Avenue.
The building is near Boston’s Back Bay and Fenway neighborhoods. Nearby Green Line service provides transit connections, while the Prudential Center, Newbury Street, Fenway, and Kenmore Square are among the area destinations. Cambridge is accessible across the Charles River via Massachusetts Avenue.
Key Highlights
- 10 apartments: four studios and six one‑bedroom units
- 4,959 square feet; built in 1899
- Two off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,943
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,518,860
$2.5M
Cap Rate 7%
$1,799,186
$1.8M
Cap Rate 9%
$1,399,367
$1.4M
Market Conditions
NOI Build-Up for 4,959 SF
Gross rent
$238.0K $48.00/SF
− Vacancy
−$9.0K −$1.82/SF
EGI
$229.0K $46.18/SF
− OpEx
−$103.0K −$20.78/SF
NOI
$125.9K $25.40/SF
Area
ZIP 02215
Vacancy
3.80%
Lease Rate
$48.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,518,860
Cap Rate 7%
$1,799,186
Cap Rate 9%
$1,399,367
Alternative Uses
Best Use
Apartment 5plus
$1.80M
$1.57M – $2.10M
NOI $125,943 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.28M
$3.75M – $5.00M
NOI $299,920 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
Explore this area
Business Placement
Demographics for 02215, MA
26,926
Population
9,390
Households
2.9
Avg Household Size
26
Median Age
85%
College-Educated
97%
High-School Grad
0.9 sq mi
ZIP Area
29,918
Density / Sq Mi
$65,827
Median Household Income
$12,149
Median Earnings
$2,385
Median Rent
$683,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - The studio and one-bedroom mix is complemented by off-street parking.
Where is this apartment building located?
The property is located at 503 Beacon Street Boston, MA.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: 10 apartments: four studios and six one‑bedroom units; 4,959 square feet; built in 1899; Two off‑street parking spaces
