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    OFF-MARKET
    Commercial real estate

    2 Powers Ct, Boston, MA 02109

    3,540 SF 0.06 ac lot Built 1899
    Property ID
    US38-0658412
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1899
    Total area 3,540 SF
    Lot 0.06 ac (2,614 SF)
    UPID US38-0658412
    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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