Professionally Managed Brick
6 Moreland Street Boston, MA 02119
6 Moreland Street, Boston, MA, 02119
$1,850,000
For Sale
$1,850,000
Brick 5-unit multifamily with mostly renovated interiors and capital improvements including a newer roof and replaced windows.
Property Size3,935 SF
Price / SF$470.14
Days on Market49
Property Features for 6 Moreland Street
General Information
- Standard status
- Active
- Size
- 3,935 SF
- Property subtype
- 5+ Family - 5+ Units Up/Down
Building Details
- Year Built
- 1869
Listing agency
Lock and Key Realty
(413) 717-0635
Listed by
Jordan Healy
(413) 717-0635
Source
Lockandkeyre
Added: Jun 3 Updated: Jul 20 at 9:50PM Checked: Jul 21 at 3:36AM
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 Lock and Key Realty
Investment Insights
Based on property information with market context.
This professionally managed brick 5-unit multifamily building was constructed in 1869 and presents a stately brownstone appearance. The property includes mostly renovated units, with city views available from upper floor units. The lower level unit is described as brand new and includes a sprinkler system and two mini-splits. Additional on-site improvements include a newer roof, replacement windows, a new fire alarm panel, hardwired smoke detectors, common area electrical work, and a stormwater infiltration system. The laundry room is supported with commercial laundry machines and a bonus sink.
The building is located on Moreland Street in Boston’s Roxbury area. The slate mansard roof features dormers, and the structure includes elements that may support future configuration changes as described in the remarks.
The asset is positioned as a mostly renovated 5-unit income property with documented building systems and common-area upgrades already completed.
The building is located on Moreland Street in Boston’s Roxbury area. The slate mansard roof features dormers, and the structure includes elements that may support future configuration changes as described in the remarks.
The asset is positioned as a mostly renovated 5-unit income property with documented building systems and common-area upgrades already completed.
Key Highlights
- Brick 5‑unit multifamily built in 1869 with mostly renovated interiors
- Annual rent roll exceeds $151,000
- Capital improvements include a newer roof and replacement windows
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 | $174.7k | $44.40 |
| − Vacancy | −$6.6k | −$1.69 |
| EGI | $168.1k | $42.71 |
| − OpEx | −$75.6k | −$19.22 |
| NOI | $92.4k | $23.49 |
3,935 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.32M
$1.16M – $1.54M
NOI $92,441 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,257 @ 7.0% cap · market cap 11.15%
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 - Brick 5-unit multifamily with mostly renovated interiors and capital improvements including a newer roof and replaced windows.
Where is this apartment building located?
The property is located at 6 Moreland Street Boston, MA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Brick 5‑unit multifamily built in 1869 with mostly renovated interiors; Annual rent roll exceeds $151,000; Capital improvements include a newer roof and replacement windows
