This exceptional Class A, six-unit apartment building in Boston's desirable Jeffries Point neighborhood presents a compelling investment opportunity. Boasting a 6.60% cap rate and a strong NOI of $244,309, this fully renovated property offers significant potential for return. All six units are currently 100% occupied with signed leases extending through September 1, 2025, ensuring immediate cash flow. The building features a mix of one-, two-, three-, and four-bedroom units, ranging from $2,600 to $5,625 in monthly rent, totaling $22,875. Each unit includes modern amenities such as custom cabinetry, stainless steel appliances, large windows, central air conditioning, and in-unit laundry. Three parking spaces are available for additional rental income. The property's prime location offers unparalleled convenience, just one block from the Mary Ellen Welch Greenway, a short walk to the Airport T stop (with a free 24-hour airport shuttle), and a quick ride to the North End and State Street via the Blue Line. Nearby amenities include waterfront restaurants, fitness studios, grocery stores, and recreational facilities. The property is zoned 3F-2000. This is a rare opportunity to acquire a stabilized, high-performing multifamily asset in a thriving Boston neighborhood. The building's strong occupancy, long-term leases, and desirable location make it an ideal investment for both seasoned and new investors seeking a stable and profitable venture. The separately metered utilities contribute to efficient management and cost control.
Highlights
Six-unit multifamily property with leases in place through September 1, 2025.
Unit mix includes one 1-bedroom/1-bathroom, two 2-bedroom/1-bathroom, two 3-bedroom/2-bathroom, and one 4-bedroom/3-bathroom unit, generating $22,875 in monthly rental income.
Apartment building - Luxury East Boston Multifamily Investment
Where is the apartment building located?
The property is located at Lubec St Boston, MA.
What is the asking price?
The asking price for this property is $3,702,000.
What are key features of this property?
This property features: Six-unit multifamily property with leases in place through September 1, 2025.; Unit mix includes one 1-bedroom/1-bathroom, two 2-bedroom/1-bathroom, two 3-bedroom/2-bathroom, and one 4-bedroom/3-bathroom unit, generating $22,875 in monthly rental income.; Property features a fully renovated interior.
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Contacts
Nico Longo
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Lubec St Boston, MA 02128
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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0 Lubec St
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