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820-824 Huntington Ave Boston, MA 02115

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For Sale
$3,195,000

Stabilized 6-unit asset near Longwood Medical Area with income potential.

Property size:
4,740 SF

Property Features for 820-824 Huntington Ave

General Information

Standard status
Active
Size
4,740 SF

Building Details

Year built
1920
Source: Corcoran

Listing Agent: Kirsten Mceleney

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Mission Hill Mixed-Use Investment Property

This stabilized 6-unit mixed-use property is located on a corner lot in Mission Hill, steps from the Longwood Medical Area universities. The property generates $186,694 in Net Operating Income, offered at a 5.84% CAP RATE. The commercial income is secured by two long-term leases with contractual rent escalations. The anchor market tenant’s lease extends to 2031 and includes a tax-stop clause. There is potential for strategic residential renovations to attract high-income Longwood Medical Area professionals from the new lab facility next door. Future potential exists to add a premium roof deck with skyline views, with full stair and headhouse access in place. The property is a proven cash-flow performer in a transit-oriented location. The property size is 4740 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Mixed-use properties

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Boston
County
Suffolk
State
Massachusetts
Longitude
-71.108827
Latitude
42.333099

FAQs

What type of property is this?
Mixed-use property - Stabilized 6-unit asset near Longwood Medical Area with income potential.
Where is this mixed-use property located?
The property is located at 820-824 Huntington Ave Boston, MA.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: - Prime location steps to Longwood Medical Area (LMA) universities.; - Fully stabilized 6-unit asset generating $186,694 Net Operating Income with a 5.84% CAP RATE.; - De-risked commercial income with long-term leases and contractual rent escalations.
More about this property
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