4-Story Mixed-Use Building with
For Sale
$5,280,000
65-65a Beach Street, Boston, MA 02111
Four-story building with 6 residential units and one street-level retail space generating current gross annual income.
Property Size6,650 SF
Price / SF$793.98
Days on Market166
Property Features for 65-65a Beach Street
General Information
Standard status
Active
Size
6,650 SF
Property subtype
Commercial
Building Details
Year Built
1920
Listing Agency:
Ark Real Estate Inc.
Listed By:
Bin Yan
(617) 236-0353
Source:
Thecharlesrealty
Added: Feb 14
Changed: Jul 21
Last Checked: Jul 28 at 9:42PM
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 Ark Real Estate Inc.
Investment Insights
Based on property information with market context.
This 4-story mixed-use building includes 6 residential units and one street-level retail space. The property totals approximately 6,650 SF gross building area, with approximately 5,320 SF of residential living area. Current gross annual income is approximately $285,000, with projected income potential exceeding $300,000. The property is offered for sale as-is.
Located at 65-65a Beach Street in Boston’s Chinatown area, the building is described as being convenient to downtown, public transportation, medical facilities, and nearby restaurants and retail amenities.
Buyer should verify all information. Seller notes low real estate taxes and manageable operating expenses as factors supporting performance, and the property has historically maintained strong occupancy.
Located at 65-65a Beach Street in Boston’s Chinatown area, the building is described as being convenient to downtown, public transportation, medical facilities, and nearby restaurants and retail amenities.
Buyer should verify all information. Seller notes low real estate taxes and manageable operating expenses as factors supporting performance, and the property has historically maintained strong occupancy.
Key Highlights
- 4‑story mixed‑use building with 6 residential units and 1 street‑level retail space
- Approximately $285,000 current gross annual income, with projected income potential exceeding $300,000
- Gross building area of approximately 6,650 SF with approximately 5,320 SF residential living area
Financial Insights For Mixed Use
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 | $279.3k | $42.00 |
| − Vacancy | −$19.6k | −$2.94 |
| EGI | $259.7k | $39.06 |
| − OpEx | −$97.4k | −$14.65 |
| NOI | $162.3k | $24.41 |
6,650 SF · lease $42.00/SF/yr · vacancy 7.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.32M
$2.03M – $2.71M
NOI $162,343 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$2.23M
$1.95M – $2.60M
NOI $156,222 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$4.98M
$4.36M – $5.81M
NOI $348,566 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
21,628
Businesses Nearby
Explore this area
Business Placement
Demographics for 02111, MA
9,716
Population
4,535
Households
2.1
Avg Household Size
34
Median Age
57%
College-Educated
83%
High-School Grad
0.2 sq mi
ZIP Area
48,580
Density / Sq Mi
$70,865
Median Household Income
$42,225
Median Earnings
$1,994
Median Rent
$953,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-story building with 6 residential units and one street-level retail space generating current gross annual income.
Where is this mixed-use property located?
The property is located at 65-65a Beach Street Boston, MA.
What is the asking price?
The asking price for this property is $5,280,000.
What are key features of this property?
This property features: 4‑story mixed‑use building with 6 residential units and 1 street‑level retail space; Approximately $285,000 current gross annual income, with projected income potential exceeding $300,000; Gross building area of approximately 6,650 SF with approximately 5,320 SF residential living area
