Mixed-Use Building with
75 Putnam Street Boston, MA 02128
75 Putnam Street, Boston, MA, 02128
$1,490,000
For Sale
$1,490,000
Detached mixed-use property offers a convenience store plus three residential units with separate utilities.
Property Size3,279 SF
Price / SF$454.41
Days on Market152
Property Features for 75 Putnam Street
General Information
- Standard status
- Active
- Size
- 3,279 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Perlera Real Estate
(617) 775-0609
Listed by
Saul Perlera · License #9051270
Source
Stevebremis
Added: Feb 20 Updated: Jul 22 at 5:13AM Checked: Jul 22 at 5:13AM
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 Perlera Real Estate
Investment Insights
Based on property information with market context.
Detached mixed-use building includes one commercial convenience store and three residential units. The residential mix features Unit 1 with two bedrooms, one bathroom, high ceilings, recessed lighting, and engineered hardwood floors. Unit 2 offers two bedrooms and one bathroom, with wall-to-wall carpet, and Unit 3 provides one bathroom with wall-to-wall carpet. Each residential unit and the store have separate utilities. Heating includes gas baseboard heat for the three residential units, while the store is equipped with split heating and cooling systems. The exterior includes newer vinyl siding and an architectural shingle roof.
The property is described as overlooking Putnam Square in the heart of Historic Eagle Hill.
Current leases are in place for each residential unit, with the store also leased through 04/30/2033. Unit 1 is leased as of 11/30/2026, Unit 2 is leased 02/28/2027, and Unit 3 is leased 04/30/2027.
The property is described as overlooking Putnam Square in the heart of Historic Eagle Hill.
Current leases are in place for each residential unit, with the store also leased through 04/30/2033. Unit 1 is leased as of 11/30/2026, Unit 2 is leased 02/28/2027, and Unit 3 is leased 04/30/2027.
Key Highlights
- Detached mixed‑use building (built 1910) with 3 residential units plus a leased convenience store
- Unit 1: 5 rooms, 2 bed/1 bath with high ceilings, recessed lighting, and engineered hardwood floors; leased 11/30/2026
- Unit 2: 6 rooms, 2 bed/1 bath with wall‑to‑wall carpet; leased 02/28/2027
Local 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 | $123.9k | $37.80 |
| − Vacancy | −$5.6k | −$1.70 |
| EGI | $118.4k | $36.10 |
| − OpEx | −$35.5k | −$10.83 |
| NOI | $82.9k | $25.27 |
3,279 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.04M – $1.38M
NOI $82,858 @ 7.0% cap · market cap 5.56%
Second Best
Mixed Use
$1.14M
$1.00M – $1.33M
NOI $80,049 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$2.46M
$2.15M – $2.86M
NOI $171,872 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Veronica's Market
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Detached mixed-use property offers a convenience store plus three residential units with separate utilities.
Where is this mixed-use property located?
The property is located at 75 Putnam Street Boston, MA.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Detached mixed‑use building (built 1910) with 3 residential units plus a leased convenience store; Unit 1: 5 rooms, 2 bed/1 bath with high ceilings, recessed lighting, and engineered hardwood floors; leased 11/30/2026; Unit 2: 6 rooms, 2 bed/1 bath with wall‑to‑wall carpet; leased 02/28/2027
