45-47 Murdock StBoston, MA 02135

For Sale
$15,850,000
16 Units, 5.3% Cap Rate, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a portfolio of 16 fully leased multi-family units across three prime Boston-area locations: 45-47 Murdock St and 133-141 Tremont St in Boston (Suffolk County), and 20 Columbia St in Cambridge (Middlesex County). Built in 2012 and 2014, these five buildings comprise a mix of condo-quality townhomes offering 3-4 bedrooms and 1.5-2.5 bathrooms. The portfolio boasts a strong 5.30% capitalization rate and a substantial net operating income (NOI) of $840,247, with an asking price of $15,850,000 ($990,625 per unit and $538 per square foot). Tenants are responsible for separate utilities (gas heat, central AC, electricity, hot water). The properties feature ample parking, laundry, storage, and bike storage, offering additional revenue streams. The Murdock and Tremont properties present potential for future repositioning as multi-family or individual condominiums. The Cambridge property offers significant upside potential through unit renovations and rent increases. Leases extend through 2025, providing immediate cash flow and a clear path to exceeding $1,000,000 in annual gross rents. This portfolio is ideal for investors seeking a stable, high-performing asset with significant growth opportunities in a thriving market. The properties are located in desirable neighborhoods with easy access to public transportation and major employment centers.

Highlights

  • $15,850,000 asking price for a 16-unit retail portfolio.
  • 5.30% cap rate with a $840,247 NOI.
  • $538 price per square foot.
  • $990,625 price per unit.
  • Fully leased through 2025 with value-add potential.

Property Details for 45-47 Murdock St

Property type
Retail properties
Year Built
2012
Buildings
5
Units
16

Location Insight

City
Boston
County
Suffolk
State
Massachusetts
Latitude
42.351369
Longitude
-71.146895
45-47 Murdock St, Boston, Massachusetts

FAQs

What type of property is this?
Retail property - 16 Units, 5.3% Cap Rate, High NOI
Where is the retail property located?
The property is located at 45-47 Murdock St Boston, MA.
What is the asking price?
The asking price for this property is $15,850,000.
What are key features of this property?
This property features: $15,850,000 asking price for a 16-unit retail portfolio.; 5.30% cap rate with a $840,247 NOI.; $538 price per square foot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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45-47 Murdock St
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