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    OFF-MARKET
    Commercial real estate

    523 Columbus Ave, Boston, MA 02118

    6,051 SF 0.04 ac lot Built 1899
    Property ID
    US38-1367589
    Property summary
    AI-generated overview

    This exceptional 7-unit condominium building, located in Boston's desirable South End neighborhood at 523 Columbus Avenue, presents a compelling value-add investment opportunity. The property, a beautifully preserved brownstone built in 1899, boasts 6,051 square feet and sits on a 0.04-acre lot. The six-story building is currently 100% occupied, with occupancy through August 31, 2024. Each of the seven units, ranging from studios to two-bedroom apartments, is individually deeded as a condominium, offering significant flexibility for future owners. Units feature desirable period details including hardwood floors, high ceilings, original fireplaces, custom woodwork, and large windows offering city views. Two valuable off-street parking spaces are located at the rear of the building. The property's strong location in a supply-constrained submarket, combined with the potential for common area upgrades and light unit renovations, creates a compelling value-add strategy. This unique brownstone offers a rare opportunity to acquire a well-located, income-producing asset in one of Boston's most sought-after neighborhoods. The building's condominium structure provides additional investment options.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1899
    Total area 6,051 SF
    Lot 0.04 ac (1,742 SF)
    UPID US38-1367589
    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
    Current use
    Occupant on record · Public records
    • Zipcar Car Rental Facility
    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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