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    OFF-MARKET
    Apartment buildings

    226-228 Princeton St, Boston, MA 02128

    7,120 SF
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Apartment buildings
    Total area 7,120 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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