One-Bedroom Residential Income
For Sale
$499,000
Pending
8 Wiget, Boston, MA 02113
Condominium residence with hardwood flooring, an oversized bedroom, and a connected kitchen and living space.
Property Size612 SF
Days on Market124
Property Features for 8 Wiget
General Information
Standard status
Pending
Size
612 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
hardwood floors
Central Air
Natural Gas
1.0 Story
$6,154 Taxes
Public
Built in 1999
Building Details
Year Built
1999
Listing Agency:
True North Boston Realty LLC
(617) 982-6868
Listed By:
Maria Renda · License #448553250
(857) 222-6640
Source:
Donahuere
Added: Jun 4
Changed: Sep 22
Last Checked: Oct 5 at 2:58PM
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 True North Boston Realty LLC
Investment Insights
Based on property information with market context.
This 612-square-foot residential income property is a one-bedroom condominium built in 1999. Hardwood flooring extends throughout the home, while the oversized bedroom provides room for both living and storage needs. The kitchen and living areas are arranged in an open configuration that supports daily use and entertaining.
Located at 8 Wiget in Boston’s North End, the property sits near the neighborhood’s restaurants, shops, markets, and public transportation. The residence is presented as a potential fit for a first-time buyer, investor, or purchaser seeking a city pied-à-terre.
Located at 8 Wiget in Boston’s North End, the property sits near the neighborhood’s restaurants, shops, markets, and public transportation. The residence is presented as a potential fit for a first-time buyer, investor, or purchaser seeking a city pied-à-terre.
Key Highlights
- 612‑square‑foot one‑bedroom condominium
- Hardwood flooring throughout the residence
- Oversized bedroom with room for storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,377
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,540
$287.5K
Cap Rate 7%
$205,386
$205.4K
Cap Rate 9%
$159,744
$159.7K
Market Conditions
NOI Build-Up for 612 SF
Gross rent
$27.2K $44.40/SF
− Vacancy
−$1.0K −$1.69/SF
EGI
$26.1K $42.71/SF
− OpEx
−$11.8K −$19.22/SF
NOI
$14.4K $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%
$287,540
Cap Rate 7%
$205,386
Cap Rate 9%
$159,744
Alternative Uses
Best Use
Apartment 5plus
$205.4K
$179.7K – $239.6K
NOI $14,377 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$458.3K
$401.0K – $534.7K
NOI $32,079 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
17,432
Businesses Nearby
Explore this area
Business Placement
Demographics for 02113, MA
7,126
Population
4,664
Households
1.5
Avg Household Size
29
Median Age
80%
College-Educated
98%
High-School Grad
0.1 sq mi
ZIP Area
71,260
Density / Sq Mi
$110,321
Median Household Income
$72,264
Median Earnings
$2,498
Median Rent
$693,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with hardwood flooring, an oversized bedroom, and a connected kitchen and living space.
Where is this residential income property located?
The property is located at 8 Wiget Boston, MA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 612‑square‑foot one‑bedroom condominium; Hardwood flooring throughout the residence; Oversized bedroom with room for storage
