136 7Th StBoston, MA 02127

For Sale
$1,800,000

3-Unit Building, High Occupancy, Value-Add Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • High-demand submarket with limited supply.
  • Excellent location.
  • High-quality building.
  • Recently renovated units.
  • Units feature outdoor space.
  • Owner-occupier potential.

Property Details for 136 7Th St

Property type
Multifamily properties, Apartment buildings
Square Feet
2,500 SF
Year Built
1900
Buildings
1
Stories
4
Units
3

Location Insight

City
Boston
County
Suffolk
State
Massachusetts
Latitude
42.335562019807
Longitude
-71.052820337312
136 7Th St, Boston, Massachusetts
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136 7Th St
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