226-228 Princeton St, Boston, MA 02128
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.