159 Townsend St Boston, MA 02121
- Commercial real estate
- 6,522 SF
Current Use by Public Records
- Commercial real estate
Property Details for 159 Townsend St
- Year built
- 1940
- Property size
- 6,522 SF
- Property type
- Commercial real estate
Description
This exceptional three-story apartment building at 159-161 Townsend Street in Boston, MA, presents a compelling investment opportunity. The property boasts a total of 6,522 square feet situated on an 8,349 square foot lot in the desirable Dorchester neighborhood (zip code 02121). The building comprises six well-maintained residential units: two four-bedroom, one-bathroom units and four three-bedroom, one-bathroom units, offering a diverse range of spacious living options. Built in 1940, the property underwent a significant improvement in May 2024 with a complete roof replacement utilizing both rubber and shingles. The building generates a substantial net operating income (NOI) of $146,286, resulting in an attractive 6.39% capitalization rate. The asking price is $2,290,000, translating to $381,667 per unit. A sizable rear yard provides additional outdoor space. This property is ideally suited for investors seeking a high-demand rental market with a proven track record of profitability. The property's strong cash flow and recent improvements make it a truly attractive investment opportunity in a thriving Boston neighborhood.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boston
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.087897621994
- Latitude
- 42.317510660504
