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    OFF-MARKET
    Apartment buildings

    1 Saratoga St, Boston, MA 02128

    2,900 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional Class A, three-unit apartment building in Boston's desirable Eagle Hill neighborhood presents a compelling investment opportunity. Boasting a 6.51% cap rate and a 100% occupancy rate, the property generates a substantial net operating income (NOI) of $107,418. Each of the three units, totaling 2,900 square feet, underwent a full renovation in 2021 and features modern amenities including central air conditioning, in-unit laundry, and a private deck. Two units are currently rented at $3,500 each, and one at $2,885, with new leases starting September 1, 2024, projected to increase total rent to $10,175. The building sits on a 3-story structure, zoned 3F-2000, and includes a large, fenced-in shared backyard. Its prime location offers easy access to the East Boston Greenway, public transportation (close proximity to the Airport T stop), and the vibrant neighborhood's restaurants and shops. The property's strong financial performance, desirable location, and modern amenities make it an ideal investment for discerning buyers seeking a stabilized, high-return asset. The separately metered utilities contribute to efficient management. Potential exists to add a ground-level unit, further enhancing the property's value. This is a rare opportunity to acquire a fully renovated, high-performing multifamily property in a rapidly appreciating area of Boston.

    Property profile
    Verified
    Property type Apartment buildings
    Total area 2,900 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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