Mixed-Use Building with
54 High Street Boston, MA 02129
For Sale
$2,700,000
Four-residential-over-retail mixed-use building with a large storefront and unfinished basement for added flexible space.
Property Size4,912 SF
Price / SF$549.67
Days on Market18
Property Features for 54 High Street
General Information
- Standard status
- Active
- Size
- 4,912 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1899
Listing Agency:
Riverfront REALTORS
(781) 933-2500
Listed By:
Lucas Santos
Source:
Kiklisre
Added: Jul 7
Changed: Jul 10
Last Checked: Jul 24 at 9:57AM
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.
The property is a mixed-use building configured as four residential units over retail space. The retail level includes a premier floor-through storefront space, and the residential mix consists of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units. The building also has a large unfinished basement with windows and high ceilings, which increases overall usable massing and can support additional storage or potential accessory use depending on buyer requirements.
The building is located on High Street in Boston’s Charlestown, described as being steps from the Monument and steps to Thompson Square. It sits on a historic block, with a standout storefront format noted for its character and prominent windowed presence.
This asset is well suited for investors or developers seeking a mixed-use structure with both residential income components and retail frontage in a single ownership. The combination of multiple apartment layouts and a large, floor-through retail space may appeal to operators looking for a diversified income stream within one building, while the basement’s size and windowed condition offer an additional area to consider for supplemental use.
The building is located on High Street in Boston’s Charlestown, described as being steps from the Monument and steps to Thompson Square. It sits on a historic block, with a standout storefront format noted for its character and prominent windowed presence.
This asset is well suited for investors or developers seeking a mixed-use structure with both residential income components and retail frontage in a single ownership. The combination of multiple apartment layouts and a large, floor-through retail space may appeal to operators looking for a diversified income stream within one building, while the basement’s size and windowed condition offer an additional area to consider for supplemental use.
Key Highlights
- 4,900 SF mixed‑use building on a historic High Street block in Charlestown, steps from the Monument and Thompson Square
- Configurable layout for 4 residential units over retail: (2) 2BR/1BA and (2) 1BR/1BA
- Premier 1,600 SF floor‑through retail space with a high‑end storefront
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 4.60%
Second Best
Mixed Use
$1.71M
$1.50M – $2.00M
NOI $119,914 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$3.68M
$3.22M – $4.29M
NOI $257,467 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Slate
Clothing & Fashion Store
FAQs
What type of property is this?
Mixed-use property - Four-residential-over-retail mixed-use building with a large storefront and unfinished basement for added flexible 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 $2,700,000.
What are key features of this property?
This property features: 4,900 SF mixed‑use building on a historic High Street block in Charlestown, steps from the Monument and Thompson Square; Configurable layout for 4 residential units over retail: (2) 2BR/1BA and (2) 1BR/1BA; Premier 1,600 SF floor‑through retail space with a high‑end storefront
