136 7Th St Boston, MA 02127

Property Details for 136 7Th St

Year built

1900

Property size

2,500 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a three-unit apartment building located at 136 W 7th Street in Boston, MA, 02127. The property, built in 1900, boasts a total of 2,500 square feet, with 2,300 square feet of net rentable space spread across a four-story structure on a 1,316 square foot lot. Currently operating at 100% occupancy (as of September 12, 2024), the building generates a strong NOI of $102,041, with a pro-forma NOI projected at $104,814, resulting in a current cap rate of 5.67% and a pro-forma cap rate of 5.82%. The asking price is $1,800,000, representing a price per unit of $600,000. Each unit features modern updates including fully renovated kitchens and bathrooms with stainless steel appliances and quartz countertops. In-unit laundry and a shared outdoor patio enhance tenant appeal. This value-add opportunity is situated in a highly desirable and supply-constrained submarket of South Boston, offering significant potential for future appreciation. The property is classified as an owner/user investment, presenting a unique opportunity for both investors and owner-occupiers. This is a rare chance to acquire a quality multifamily asset in a prime Boston location.

Location Insight

City

Boston

County

Suffolk

State

Massachusetts

Longitude

-71.052820337312

Latitude

42.335562019807