Property profile

114 Orleans St East Boston, MA 02128

OFF-MARKET
Auto shops
Property ID
US38-1084640
2,200 SF 0.17 ac lot Built 1950
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Exceptional opportunity to acquire a 7,510 square foot residential land parcel in Boston's vibrant Maverick Square, zoned EBR-4. This fee simple property, located at 114 Orleans Street (APN 0103908000), presents a unique chance to develop a 23-unit condominium project. Plans are approved for a 27,997 square foot building with 18,860 square feet of net sellable area, incorporating both market-rate and affordable housing units. The property's East Boston location offers residents unparalleled access to the MBTA Blue Line, providing easy commutes to downtown Boston. The area boasts a blend of urban convenience and waterfront tranquility, with nearby parks, recreational spaces, and various amenities. This prime location, coupled with the approved plans, makes this a highly lucrative investment opportunity in a rapidly growing neighborhood. Note that buyers are responsible for obtaining necessary permits. A formal marketing process and call for offers will be conducted.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1950
Construction BRICK
Total area 2,200 SF
Lot 0.17 ac (7,500 SF)
Zoning code C
APN EBOS W:01 P:03908 S:000
UPID US38-1084640

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

114 Orleans St East Boston, MA 02128-2151
East Boston metro Census 50600 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$215k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2016
3 recorded transactions
2023
Price N/A
2016
$1.1M
2012
$1

Zoning & alternative use

C · East Boston, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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