Rare opportunity to own a turn-key investment in one of Boston’s most in-demand and stable rental neighborhoods. Leased through 8/31/26 for $6300 with a new lease in place at $6800 starting 9/1/26. Parking is leased separately with an estimated market rate of $300/month. Over the past 20+ years of current ownership, this apartment has enjoyed a 100% occupancy rate with an average annual rent increase of $307/month between this and unit #6. While these are turn-key properties, the potential exists to grow the rents with minimal effort by renovating the kitchens and baths, updating fixtures, painting, and refinishing floors. Unit #8 is also granted exclusive roof rights by deed for possible expansion. Being offered as a package of Units #6 & #8 and to be sold as-is. Buyers are to do their own due diligence on the feasibility of any renovations, including, but not limited to, potential use of roof rights.
CondoProperty Type
1960Year Built
$1,076Price/Sq.Ft.
$421/moHOA Dues
1 spaceParking
Listed by Philip Rostler• Boardwalk Properties
Listed by • Boardwalk Properties
Bought with Kim Miles• Berkshire Hathaway HomeServices Warren Residential
The Multifamily Residential (MFR) Subdistricts are established to encourage medium-density multifamily areas with a variety of allowed housing types, including one-, two- and three-family Dwellings, Row Houses, Town Houses, and Multifamily Dwellings.; The MFR Subdistricts are further subdivided into MFR-1 and MFR-2 Subdistricts, the latter of which allows for moderately greater height and FAR.
Zone overlays
Restricted Roof Structure Overlay District In the East Boston Neighborhood District
Home facts updated by county records on Jul 20, 2023
Other
Listing Information
StandardStatus: Closed
Around this home
Schools
Perkins Elementary School
Public PreK-6 • Assigned • 0.4mi
5/10
Hurley K-8 School
Public PreK-8 • Assigned • 0.6mi
6/10
Boston Arts Academy
Public 9-12 • Assigned • 0.4mi
4/10
Provided by GreatSchools
Climate risks
7/10 Flood Factor
Estimated 53-65% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 97° expected this year, 15 days in 30 years
6/10 Wind Factor
62% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Boston, MA • 02115
Average low and high temperatures (°F)
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51
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59
43
69
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69
80
64
75
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63
50
53
40
40
28
Jan
Feb
Mar
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May
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Sun exposure
78/ 100
Good sunlight
Sunscore
This home ranks in the top 21% for direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.2 hrs
4.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.13M – $1.36M
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