823 6th Stcp1 South Boston, MA 02127-6560
Property profile & analytics
823 6th Stcp1 South Boston, MA 02127-6560
- Parking lots & garages
Property ID
US38-1576856
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Parking lots & garages
Property Details for 823 6th Stcp1
- Zone code
- CP
- Property type
- Parking lots & garages
- APN
- SBOS W:06 P:04402 S:010
- APU
- SBOSW06P04402S010
Description
This exceptional multifamily investment opportunity presents a three-story building located in the highly sought-after South Boston, MA, neighborhood, just one block from the ocean and beach. The property, encompassing 823 East Sixth Street and 149 P Street, underwent extensive renovations in 2018. The building comprises four residential condominiums, each boasting gourmet kitchens, gas fireplaces, in-unit washer/dryers, and stunning water or city views. A commercial condominium, currently leased to a thriving upscale gastropub ("Local 149"), adds significant income potential. Four on-site garage spaces are also included. The property offers a compelling 6.00% cap rate with a Net Operating Income (NOI) of $324,000 and an asking price of $5,400,000. The consistently low residential vacancy rate and the strong performance of the commercial tenant underscore the exceptional investment potential. South Boston's status as one of the fastest-growing submarkets in the US further enhances the property's long-term appreciation prospects. This is a rare opportunity to acquire a meticulously maintained, high-performing asset in a prime location.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- South Boston
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.0274
- Latitude
- 42.3331
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$436
$0.00
$40,000
$40,000
-
$0.00
$0.00
$0.00
