226 Newbury StBoston, MA 02116

For Sale
$14,500,000

Prime Boston location, 16 units, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a multifamily portfolio situated on the prestigious Newbury Street in Boston, MA. The property consists of two buildings, totaling 13,336 square feet, on a 4,928 square foot lot. Built in 1899, the five-story buildings boast 16 apartment units, currently enjoying 100% occupancy. The property also includes thirteen retail suites and three office spaces, creating a diverse tenant mix. Notable tenants include Dirty Water Dough Co., Aluna Salon, Umai Sushi, John Fluevog Shoes, and Piattini Restaurant, contributing to a strong and stable income stream. Recent capital improvements, including rear extensions added in 2017, and upgrades completed during the COVID-19 pandemic, ensure the property is well-maintained and positioned for future growth. The property benefits from a prime location in Boston's Back Bay, a vibrant commercial and cultural hub with a perfect Walk Score of 100 and a Transit Score of 97, providing easy access to public transportation via nearby Back Bay and Hynes Convention Center stations. Off-street parking for six vehicles is also available. The asking price for this exceptional portfolio is $14,500,000. This is a rare opportunity to acquire a well-established, high-performing property in one of Boston's most desirable locations.

Highlights

  • Prime Newbury Street location in Boston's Back Bay, offering high foot traffic and vibrant atmosphere.
  • Trophy investment property with recent capital improvements, strong occupancy, and increasing rental rates.
  • Diverse tenant mix including multifamily units and established commercial tenants such as Dirty Water Dough Co., Aluna Salon, and others.
  • 100 Walk Score and 97 Transit Score, with proximity to Back Bay and Hynes Convention Center subway stations.

Property Details for 226 Newbury St

Property type
Multifamily properties, Apartment buildings
Square Feet
13,336 SF
Year Built
1899
Buildings
2
Stories
5
Units
16

Location Insight

City
Boston
County
Suffolk
State
Massachusetts
Latitude
42.3496958
Longitude
-71.081231
226 Newbury St, Boston, Massachusetts
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226 Newbury St
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