775 Tremont StBoston, MA 02118

Property Details for 775 Tremont St

Year built

1899

Property size (Sq ft)

3,005 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a fully leased, five-unit apartment building situated in Boston's vibrant South End at 775 Tremont Street, zip code 02118. The property, a four-story Class B building constructed in 1899, boasts 3,005 square feet on a 1,600 square foot lot. Each of the five units offers two bedrooms, featuring modern amenities including stainless steel appliances, gas cooking, microwaves, dishwashers, stackable washer/dryers, and hardwood floors. The building benefits from a recently installed (2023) Navien heating system, enhancing efficiency and comfort. Residents enjoy access to rear decks and a roof deck, along with two convenient on-site parking spaces. Currently operating at 100% occupancy with a predominantly student and young professional tenant base, the property enjoys a strong rental history, with most leases following a September 1st move-in cycle. Its prime location offers easy access to multiple MBTA stations, major hospitals, and a wealth of shops and restaurants. The proximity to Northeastern University, Emerson College, Berklee College of Music, Symphony Hall, and the Prudential Center further enhances its desirability and rental potential. This stabilized multifamily investment presents a compelling opportunity, with potential for future conversion to condominiums or a single-family home. The asking price is $3,295,000.

Location Insight

City

Boston

County

Suffolk

State

Massachusetts

Latitude

42.3396

Longitude

-71.0802

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