New Multifamily Asset in Boston

45 Preble St, Boston, MA 02127

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For Sale

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New-construction multifamily property in high-demand Boston neighborhood.

Type:Multifamily

Property size:

23,700 SF

Price / SF:

$421/SF

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Contact for Pricing

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and status of this listing

Herb Entwistle

Real Estate License ID: MA 9563077-RE-B

HighLights

New construction (2021‑2022) in a high‑demand Boston neighborhood.
Secured garage parking for 15 vehicles.
Condo‑quality finishes including quartz countertops and wide‑plank flooring.
Elevator‑served, five‑story building.
In‑unit laundry, central air, and individual HVAC systems.
Mix of spacious two‑bedroom layouts and one 4‑bedroom residence.

Learn more

For Sale

Contact for pricing

New-construction multifamily property in high-demand Boston neighborhood.

Type:Multifamily

Property size:

23,700 SF

Price / SF:

$421/SF

Added:: Feb 2, 2026
Days on Market:: 155
Last Refresh:: Jun 28 at 6:58 am

Property Features for 45 Preble St

General Information

Standard status: Active
Size: 23,700 SF
Property subtype: Multifamily

Building Details

Year Built: 2022

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Contact an agent

Herb Entwistle

Listing office Douglas Elliman

Listing date Feb 2, 2026

Source Crexi

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 Douglas Elliman

HighLights

New construction (2021‑2022) in a high‑demand Boston neighborhood.
Secured garage parking for 15 vehicles.
Condo‑quality finishes including quartz countertops and wide‑plank flooring.
Elevator‑served, five‑story building.
In‑unit laundry, central air, and individual HVAC systems.
Mix of spacious two‑bedroom layouts and one 4‑bedroom residence.

Overview

The property at 33–39 Ward Street is a new-construction multifamily asset completed in 2021–2022. It is located in a supply-constrained and high-demand neighborhood of Boston. The five-story, elevator-served building features institutional-grade construction quality and modern amenities. The property consists of fourteen units, including spacious two-bedroom layouts and one four-bedroom residence. Units feature condo-quality finishes throughout, including quartz countertops, wide-plank flooring, and modern cabinetry. Each unit includes in-unit laundry, central air, and individual HVAC systems. There is secured garage parking for 15 vehicles. The modern construction and systems reduce near-term capital expenditure risk and provide predictable operating performance. The property includes two designated affordable units.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.05M	$44.40
− Vacancy	−$40.0k	−$1.69
EGI	$1.01M	$42.71
− OpEx	−$455.5k	−$19.22
NOI	$556.8k	$23.49

23,700 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$7.95M

$6.96M – $9.28M (±1% cap)

NOI $556,761 @ 7.0% cap · market cap 5.57%

Second Best

—

no second resolved use

Theoretical Best

Office A

$17.75M

$15.53M – $20.70M (±1% cap)

NOI $1,242,259 @ 7.0% cap · market cap 12.43%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Boston
County: Suffolk
State: Massachusetts
Longitude: -71.176108
Latitude: 42.337663

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For sale
Apartment buildings
MA
Boston
02127
Ward Street

What type of property is this?

Apartment building - New-construction multifamily property in high-demand Boston neighborhood.

Where is this apartment building located?

The property is located at 45 Preble St Boston, MA.

What is the asking price?

The asking price for this property is $9,995,000.

What are key features of this property?

This property features: New construction (2021‑2022) in a high‑demand Boston neighborhood.; Secured garage parking for 15 vehicles.; Condo‑quality finishes including quartz countertops and wide‑plank flooring.