Property Details for 226-228 Princeton St

Property size

7,120 SF

Property type

Apartment buildings

Description

This stunning, fully renovated 7-unit apartment building in Boston's Eagle Hill neighborhood presents a compelling investment opportunity. Boasting a 6.18% cap rate and a strong NOI of $290,516, this Class A property offers exceptional returns. All seven units are currently occupied with signed leases extending through September 1, 2025, ensuring immediate cash flow. The building features 7,120 square feet of living space, distributed across a diverse mix of unit sizes: one 4-bedroom, 2-bathroom unit (1,800 sq ft), and six units with 2 or 3 bedrooms and 2 bathrooms (ranging from 850 to 910 sq ft). Each unit is equipped with central air conditioning, in-unit laundry, modern kitchens featuring stainless steel appliances and waterfall countertops, and updated bathrooms with stylish tile and unique lighting. Hardwood floors are featured throughout. Three off-street parking spaces are available for rent, adding to the property's income potential. The building is conveniently located near the Airport T stop, providing easy access to Logan Airport and downtown Boston. The property is zoned 3F-2000 and offers a compelling combination of high occupancy (100%), strong rental income ($27,075 monthly), and a desirable location in a thriving neighborhood with access to numerous amenities. This is a rare opportunity to acquire a stabilized, high-performing multifamily asset in a prime Boston location. The asking price is $4,700,000.

Location Insight

City

Boston

County

Suffolk

State

Massachusetts

Longitude

-71.0315

Latitude

42.3794