2 Powers Ct, Boston, MA 02109
This exceptional three-story brick building, situated in Boston's vibrant North End, presents a compelling value-add investment opportunity. The property boasts four units: two one-bedroom/one-bathroom and two two-plus bedroom/one-bathroom units, totaling 2,655 net rentable square feet within 3,540 total square feet. Built in 1899, the building sits on a 0.06-acre lot and is offered fee simple at $2,200,000 ($550,000 per unit). Each unit has separate meters for electricity, gas heat, and hot water, with tenant responsibility for utilities. One unit has recently undergone a complete renovation to condo-quality standards. Significant income growth potential exists through market rent adjustments, programmatic upgrades to the remaining units, and potential conversion of two units to three-bedroom layouts. The property's prime location offers unparalleled access to public transportation, including multiple T-stations within a short walk, and is surrounded by a wealth of amenities, including restaurants, shops, and entertainment venues. The North End's strong rental demand and employment opportunities promise continued rental rate acceleration, making this a highly attractive investment. The property's proximity to major attractions like the TD Garden, Quincy Market, and Boston Harbor further enhances its desirability and potential for strong returns. This is a rare chance to acquire a core asset in a thriving urban location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.