760 Cummins Hwy, Mattapan, MA 02126-3267
- Investment properties
- 33,280 SF
- 0.65 lot acres
Current Use by Public Records
- Investment properties
Property Details for 760 Cummins Hwy
- Year built
- 1950
- Construction
- BRICK
- Lot size
- 0.65 lot acres
- Zone code
- RC
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- MATT W:18 P:02253 S:000
- APU
- MATTW18P02253S000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 19, 2024 | $9,350,000 | 760 Cummins LLC | Helge Cummins LLC | Deed | $7.6M · Dedham Institution For Savings |
| Feb 23, 2018 | $6,650,000 | Helge Cummins LLC | Cummins Highway LLC | Quit Claim Deed · related | $5.1M · Cbre Cap Markets |
| May 23, 2013 | $4,295,158 | Cummins Highway LLC | 760 Cummings Hwy LLC | Quit Claim Deed · related | $3.4M · E Cambridge Savings Bank |
| Dec 17, 2012 | — | 760 Cummins Highway LLC | — | Deed Of Trust · related | $500k · Helge Management INC |
| Jul 20, 2012 | — | 760 Cummins Hwy LLC | — | Deed Of Trust · related | $1.1M · Universal Lending LLC |
| Jan 11, 2010 | — | 760 Cummins Highway LLC | — | Deed Of Trust · related | $400k · East Boston Savings Bank |
| Feb 14, 2007 | — | 760 Cummins Hwy | — | Deed Of Trust · related | $436k · James Mccloy |
| Sep 27, 2006 | — | 760 Cummins Hwy LLC | — | Deed Of Trust · related | $391k · Clearwater RT |
| Jul 7, 2005 | — | Cummins Hwy LLC 760 | — | Deed Of Trust · related | $3.6M · Washington Mutual Bank |
| Jan 16, 2004 | — | Mayo 3 LLC | — | Deed Of Trust · related | $9.9M · Anglo Irish Bank Corp |
| Feb 13, 2003 | — | River Street RT | — | Deed Of Trust · related | $2.5M · Brookline Savings Bank |
| Aug 3, 2001 | — | River St. RT | — | Deed Of Trust · related | $1.6M · Hyde Park Savings Bank |
| — | — | Cummings Highway LLC | — | Deed Of Trust · related | $4.2M · East Cambridge Svgs Bk |
Description
This exceptional 38-unit apartment building, located at 760 Cummins Highway in Boston, Massachusetts, presents a compelling value-add investment opportunity. The property, a four-story elevator building constructed in 1950, enjoys a prime urban infill location within walking distance of the Blue Hills MBTA Commuter Rail and bus service, offering convenient access to Downtown Boston, Longwood Medical Area, Back Bay, and Cambridge. The Mattapan Square Red Line station is also conveniently located less than half a mile away. Residents benefit from nearby grocery stores, CVS, various retail options, and numerous dining establishments. Currently operating at 95% occupancy with historically low vacancy, the property boasts strong fundamentals and significant upside potential. Recent renovations, completed since 2018, include upgraded common areas featuring a new lobby with a Swiftlane smart entry system, a modernized mail area, and a new package room. Furthermore, 21 units have undergone recent renovations, resulting in an average rent premium of $338 (17.1%) for 2024 new move-ins. This market-rate, non-deed-restricted community offers a rare chance to acquire a well-maintained asset with proven organic rent growth and substantial value-add potential in a highly desirable Boston location. The property is a single building with 38 apartment homes. This is a rare opportunity to acquire a well-positioned multifamily asset in a thriving Boston neighborhood.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $9,350,000
- ML approach
- $9,350,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $13,540,000
- 6.5%
- $12,500,000
- 7%
- $11,605,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mattapan
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.1006
- Latitude
- 42.2709
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
