Separately Deeded Multifamily
8 Leeds Street Boston, MA 02127
8 Leeds Street, Boston, MA, 02127
$795,000
For Sale
$795,000
Separately deeded multifamily property with renovation and condo-conversion potential steps from Andrew Square MBTA access.
Property Size1,380 SF
Price / SF$576.09
Days on Market104
Property Features for 8 Leeds Street
General Information
- Standard status
- Active
- Size
- 1,380 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1999
Listing agency
Columbus and Over Group,LLC
Listed by
Jeffrey Hamilton
(617) 661-6600
Source
Cambridgerealty
Added: Apr 11 Updated: Jul 20 at 7:57PM Checked: Jul 21 at 7:41AM
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 Columbus and Over Group,LLC
Investment Insights
Based on property information with market context.
This separately deeded multifamily property at 8 Leeds Street offers flexible options for an owner-occupant or redevelopment-minded buyer. The offering contemplates renovation, condo conversion, or investment use, with buyers encouraged to perform their own due diligence.
The property is described as being steps from the Andrew Square MBTA Station and along Dorchester Avenue’s mixed-use corridor, providing straightforward access to the South End, Seaport, and Downtown Boston.
The seller also notes the parcel’s connection to a larger Leeds Street assemblage and indicates it is offered individually or as part of a multi-building package. All offers are scheduled to be reviewed Wednesday, May 13th at 12:00 pm noon.
The property is described as being steps from the Andrew Square MBTA Station and along Dorchester Avenue’s mixed-use corridor, providing straightforward access to the South End, Seaport, and Downtown Boston.
The seller also notes the parcel’s connection to a larger Leeds Street assemblage and indicates it is offered individually or as part of a multi-building package. All offers are scheduled to be reviewed Wednesday, May 13th at 12:00 pm noon.
Key Highlights
- Separately deeded multifamily property built in 1999
- Renovation and condo‑conversion potential
- Steps from the Andrew Square MBTA Station
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 | $61.3k | $44.40 |
| − Vacancy | −$2.3k | −$1.69 |
| EGI | $58.9k | $42.71 |
| − OpEx | −$26.5k | −$19.22 |
| NOI | $32.4k | $23.49 |
1,380 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$463.1K
$405.2K – $540.3K
NOI $32,419 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$904.2K – $1.21M
NOI $72,334 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Separately deeded multifamily property with renovation and condo-conversion potential steps from Andrew Square MBTA access.
Where is this multifamily property located?
The property is located at 8 Leeds Street Boston, MA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Separately deeded multifamily property built in 1999; Renovation and condo‑conversion potential; Steps from the Andrew Square MBTA Station
