775 Tremont StBoston, MA 02118

For Sale
$3,295,000

Five-unit, fully leased apartment building.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fully leased, five-unit apartment building situated in Boston's vibrant South End at 775 Tremont Street, zip code 02118. The property, a four-story Class B building constructed in 1899, boasts 3,005 square feet on a 1,600 square foot lot. Each of the five units offers two bedrooms, featuring modern amenities including stainless steel appliances, gas cooking, microwaves, dishwashers, stackable washer/dryers, and hardwood floors. The building benefits from a recently installed (2023) Navien heating system, enhancing efficiency and comfort. Residents enjoy access to rear decks and a roof deck, along with two convenient on-site parking spaces. Currently operating at 100% occupancy with a predominantly student and young professional tenant base, the property enjoys a strong rental history, with most leases following a September 1st move-in cycle. Its prime location offers easy access to multiple MBTA stations, major hospitals, and a wealth of shops and restaurants. The proximity to Northeastern University, Emerson College, Berklee College of Music, Symphony Hall, and the Prudential Center further enhances its desirability and rental potential. This stabilized multifamily investment presents a compelling opportunity, with potential for future conversion to condominiums or a single-family home. The asking price is $3,295,000.

Highlights

  • Fully leased multifamily investment property.
  • Five (5) two-bedroom units.
  • Two (2) off-street parking spaces.
  • Excellent proximity to multiple MBTA stations.
  • 100% occupancy rate.
  • Proven strong rental history.

Property Details for 775 Tremont St

Property type
Multifamily properties, Apartment buildings
Square Feet
3,005 SF
Class
B
Year Built
1899
Buildings
1
Stories
4
Units
5

Location Insight

City
Boston
County
Suffolk
State
Massachusetts
Latitude
42.3396373
Longitude
-71.0801632
775 Tremont St, Boston, Massachusetts
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775 Tremont St
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