Mixed-Use Building with
54 High Street Boston, MA 02129
54 High Street, Boston, MA, 02129
$2,585,000
For Sale
$2,585,000
Four residential units over a floor-through storefront, plus an unfinished basement with additional windowed space.
Property Size4,912 SF
Price / SF$526.26
Days on Market16
Property Features for 54 High Street
General Information
- Standard status
- Active
- Size
- 4,912 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1899
Listing agency
Riverfront REALTORS
(781) 933-2500
Listed by
Lucas Santos
Source
Milburyre
Added: Jul 6 Updated: Jul 21 at 5:29AM Checked: Jul 21 at 5:29AM
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 Riverfront REALTORS
Investment Insights
Based on property information with market context.
This mixed-use building offers four residential units over retail, with two 2-bedroom, 1-bath apartments, two 1-bedroom, 1-bath apartments, and a premier 1,600 SF floor-through retail space. The property also includes a large unfinished basement featuring windows and additional full-height, windowed basement space that adds usable accessory area.
Located on High Street in Boston’s Charlestown neighborhood, the building is described as being steps from both the Monument and Thompson Square.
The configuration supports a combined live-and-work setup, with residential layouts currently in place above the storefront and the basement space extending the building’s overall square footage.
Located on High Street in Boston’s Charlestown neighborhood, the building is described as being steps from both the Monument and Thompson Square.
The configuration supports a combined live-and-work setup, with residential layouts currently in place above the storefront and the basement space extending the building’s overall square footage.
Key Highlights
- 4,900 SF mixed‑use building with 4 residential units over a floor‑through storefront
- Year built 1899 with an unfinished basement that has windows and high ceilings
- Basement adds over 1,650 SF of full‑height, windowed space as potential accessory area
Local Financial Insights For Multifamily LT 5
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 | $185.7k | $37.80 |
| − Vacancy | −$8.4k | −$1.70 |
| EGI | $177.3k | $36.10 |
| − OpEx | −$53.2k | −$10.83 |
| NOI | $124.1k | $25.27 |
4,912 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.77M
$1.55M – $2.07M
NOI $124,123 @ 7.0% cap · market cap 4.80%
Second Best
Mixed Use
$1.71M
$1.50M – $2.00M
NOI $119,914 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$3.68M
$3.22M – $4.29M
NOI $257,467 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Slate
Clothing & Fashion Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Four residential units over a floor-through storefront, plus an unfinished basement with additional windowed space.
Where is this mixed-use property located?
The property is located at 54 High Street Boston, MA.
What is the asking price?
The asking price for this property is $2,585,000.
What are key features of this property?
This property features: 4,900 SF mixed‑use building with 4 residential units over a floor‑through storefront; Year built 1899 with an unfinished basement that has windows and high ceilings; Basement adds over 1,650 SF of full‑height, windowed space as potential accessory area
