45-47 Murdock StBoston, MA 02135

Property Details for 45-47 Murdock St

Year built

2012

Property type

Retail properties

Description

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.

Location Insight

City

Boston

County

Suffolk

State

Massachusetts

Latitude

42.3514

Longitude

-71.1469

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