Class A Boutique Apartment
97 Condor Boston, MA 02128
For Sale
$3,599,999
Turnkey 7-unit building built in 2022 with modern finishes and in-unit washer/dryer amenities.
Property Size5,390 SF
Price / SF$667.90
Days on Market70
Property Features for 97 Condor
General Information
Standard status
Active
Size
5,390 SF
Property subtype
Multi-family
Building Details
Year Built
2022
Listing Agency:
Access
Listed By:
Dot Collection
(508) 867-2800
Source:
Miketoomeyrealestate
Added: May 20
Changed: Jul 20
Last Checked: Jul 26 at 9:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Access
Investment Insights
Based on property information with market context.
97 Condor Street is a turnkey, Class A boutique multifamily building consisting of 7 units, built in 2022. The property presents a modern exterior with oversized windows and a clean common entry. Inside, units include modern finishes and stainless steel appliances, and each unit features an in-unit washer/dryer.
The building is offered for sale in East Boston. It is positioned as a modern income property with updated features and interiors suitable for tenants seeking in-unit laundry and contemporary finishes.
This is a compact multifamily asset configured as a 7-unit building, with overall improvements completed as part of the 2022 construction.
The building is offered for sale in East Boston. It is positioned as a modern income property with updated features and interiors suitable for tenants seeking in-unit laundry and contemporary finishes.
This is a compact multifamily asset configured as a 7-unit building, with overall improvements completed as part of the 2022 construction.
Key Highlights
- 7‑unit boutique multi‑unit building built in 2022
- Modern interiors with stainless steel appliances and modern finishes throughout
- In‑unit washer/dryer amenities
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $239.3k | $44.40 |
| − Vacancy | −$9.1k | −$1.69 |
| EGI | $230.2k | $42.71 |
| − OpEx | −$103.6k | −$19.22 |
| NOI | $126.6k | $23.49 |
5,390 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.81M
$1.58M – $2.11M
NOI $126,622 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.04M
$3.53M – $4.71M
NOI $282,522 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey 7-unit building built in 2022 with modern finishes and in-unit washer/dryer amenities.
Where is this apartment building located?
The property is located at 97 Condor Boston, MA.
What is the asking price?
The asking price for this property is $3,599,999.
What are key features of this property?
This property features: 7‑unit boutique multi‑unit building built in 2022; Modern interiors with stainless steel appliances and modern finishes throughout; In‑unit washer/dryer amenities
