Multifamily
570 E Broadway, Boston, MA 02127
For Sale
New
$1,699,000
The property is offered in its existing condition and carries R3 zoning.
Property Size2,899 SF
Price / SF$586.06
Days on Market3
Property Features for 570 E Broadway
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Real Mont RE
(617) 650-5577
Listed By:
Lanie Donlan
(617) 293-6230
Source:
Isosrealty
Added: Nov 11
Last Checked: Nov 13 at 1:25AM
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 Real Mont RE
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Investment Insights
Based on property information with market context.
This multifamily property at 570 E Broadway in Boston was built in 1890. The property is offered in its present condition and is zoned R3.
Key Highlights
- Built in 1890
- R3 zoning
- Offered in its present condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,103
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,362,060
$1.4M
Cap Rate 7%
$972,900
$972.9K
Cap Rate 9%
$756,700
$756.7K
Market Conditions
NOI Build-Up for 2,899 SF
Gross rent
$128.7K $44.40/SF
− Vacancy
−$4.9K −$1.69/SF
EGI
$123.8K $42.71/SF
− OpEx
−$55.7K −$19.22/SF
NOI
$68.1K $23.49/SF
Area
Boston, MA
Vacancy
3.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,362,060
Cap Rate 7%
$972,900
Cap Rate 9%
$756,700
Alternative Uses
Best Use
Apartment 5plus
$972.9K
$851.3K – $1.14M
NOI $68,103 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,954 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,052
Businesses Nearby
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Business Placement
Demographics for 02127, MA
37,939
Population
19,495
Households
1.9
Avg Household Size
31
Median Age
69%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
18,066
Density / Sq Mi
$156,373
Median Household Income
$85,444
Median Earnings
$2,435
Median Rent
$858,600
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Boston, MA
Properties on Market for Multifamily properties in Boston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property is offered in its existing condition and carries R3 zoning.
Where is this multifamily property located?
The property is located at 570 E Broadway Boston, MA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Built in 1890; R3 zoning; Offered in its present condition
