18 Highgate St Boston, MA 02134
- Apartment buildings
- 13,465 SF
- 0.19 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 18 Highgate St
- Year built
- 2023
- Lot size
- 0.19 lot acres
- Property size
- 13,465 SF
- Property type
- Apartment buildings
Description
This exceptional 2023-built, three-story apartment building in Allston, MA offers a compelling investment opportunity. Boasting nine units – a mix of one to five-bedroom layouts, each featuring modern kitchens with granite countertops and stainless steel appliances, hardwood floors, in-unit laundry, and central air – this property provides substantial rental income. The 10,035 square feet of net rentable space sits on a 0.19-acre lot and includes six private garage spaces and bike storage. Located in a highly desirable area, it benefits from proximity to multiple T stations (Green Line and Commuter Rail), major highways (I-90, US Routes 20 & 3), and renowned universities (Boston University, Boston College, Harvard, MIT). The strong demographics, with average household incomes exceeding $137,000 within a one-mile radius, ensure consistent demand. The property's 5.69% cap rate and $488,090 NOI on an asking price of $8,575,000 represent a strong return on investment. This turnkey asset presents a rare chance to acquire a stabilized, high-performing property in a rapidly growing market. The building's 13,465 square feet of gross area and the $952,778 price per unit further highlight its value. This fee-simple ownership opportunity is ideal for investors seeking immediate income and long-term appreciation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boston
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.1316
- Latitude
- 42.3554
