Property Details for 200 Maverick St

Property size

4,100 SF

Property type

Commercial real estate

Description

This exceptional Class A, stabilized multifamily investment property located at 203 Maverick Street, Boston, MA 02128, presents a compelling opportunity for discerning investors. The property boasts a total of 4,100 square feet and comprises four units: three 4-bedroom, 2-bathroom units ranging from 1,100 to 1,200 square feet, and one 2-bedroom, 1.5-bathroom unit of 700 square feet. All units are currently rented at a combined monthly rent of $17,550, with signed leases extending through September 1, 2025, ensuring immediate cash flow. The property enjoys a 100% occupancy rate, generating a substantial Net Operating Income (NOI) of $193,056 and a strong 7.02% capitalization rate. Each unit features modern amenities including central air conditioning, in-unit laundry, hardwood floors, unique lighting, and bright windows, creating a desirable condo-like living experience. The building is situated in a prime East Boston location, just three blocks from the Maverick Street MBTA station, providing convenient access to public transportation. The property is zoned 3F-2000, and separately metered utilities contribute to efficient management. This fully gut-renovated building offers a rare combination of strong financial performance and attractive tenant appeal, making it an ideal addition to any investment portfolio. The asking price is $2,750,000.

Location Insight

City

Boston

County

Suffolk

State

Massachusetts

Longitude

-71.036050205617

Latitude

42.368900597405