24-Unit Multifamily Apartment
For Sale
$8,400,000
Pending
7-11 Abbot St., Boston, MA 02124
Updated multifamily property with separate gas and electric metering, off-street parking, and recently improved building systems.
Property Size14,592 SF
Days on Market95
Property Features for 7-11 Abbot St.
General Information
Standard status
Pending
Size
14,592 SF
Total Parking Spaces
24
Property subtype
Multifamily
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
22 x 2bd 1bth, 2 x 1bd 1bth
Multifamily Units
24
Additional Details
Gross Income
$722,400
Taxes and HOA fees
Annual Taxes
$51,187
Building Details
Building Size
14,592 SF
Year Built
1989
Listing Agency:
Serhant
Listed By:
The Boston ONE Team
(413) 333-7776
Source:
Classifiedrealtygroup
Added: Jul 18
Changed: Oct 14
Last Checked: Oct 19 at 4:02AM
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 Serhant
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Investment Insights
Based on property information with market context.
This 24-unit apartment property contains 14,592 square feet and was built in 1989. The unit mix includes 22 two-bedroom, one-bath apartments and 2 one-bedroom, one-bath apartments. Plumbing and electrical systems were updated within the past five years, while the roof was replaced approximately ten years ago. Gas and electric utilities are separately metered, and the property includes off-street parking.
The property is located on Abbot Street in Boston’s Dorchester area, near Ashmont Station and Ruggles Station. Its established apartment configuration, recent system improvements, and unit-level utility metering provide a clear physical profile for multifamily ownership and evaluation.
The property is located on Abbot Street in Boston’s Dorchester area, near Ashmont Station and Ruggles Station. Its established apartment configuration, recent system improvements, and unit-level utility metering provide a clear physical profile for multifamily ownership and evaluation.
Key Highlights
- 24‑unit multifamily property with 14,592 square feet
- Unit mix includes 22 2bd 1bth units and 2 1bd 1bth units
- Plumbing and electrical systems updated within the past five years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$342,796
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,855,920
$6.9M
Cap Rate 7%
$4,897,086
$4.9M
Cap Rate 9%
$3,808,844
$3.8M
Market Conditions
NOI Build-Up for 14,592 SF
Gross rent
$647.9K $44.40/SF
− Vacancy
−$24.6K −$1.69/SF
EGI
$623.3K $42.71/SF
− OpEx
−$280.5K −$19.22/SF
NOI
$342.8K $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%
$6,855,920
Cap Rate 7%
$4,897,086
Cap Rate 9%
$3,808,844
Alternative Uses
Best Use
Apartment 5plus
$4.90M
$4.28M – $5.71M
NOI $342,796 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.93M
$9.56M – $12.75M
NOI $764,854 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
24
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Explore this area
Business Placement
Demographics for 02124, MA
50,972
Population
21,264
Households
2.4
Avg Household Size
36
Median Age
31%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
16,991
Density / Sq Mi
$79,168
Median Household Income
$43,483
Median Earnings
$1,783
Median Rent
$607,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated multifamily property with separate gas and electric metering, off-street parking, and recently improved building systems.
Where is this apartment building located?
The property is located at 7-11 Abbot St. Boston, MA.
What is the asking price?
The asking price for this property is $8,400,000.
What are key features of this property?
This property features: 24‑unit multifamily property with 14,592 square feet; Unit mix includes 22 2bd 1bth units and 2 1bd 1bth units; Plumbing and electrical systems updated within the past five years
