186 Marion StBoston, MA 02128

Property Details for 186 Marion St

Year built

1900

Property size (Sq ft)

2,400 SF

Property type

Apartment buildings

Description

This exceptional three-unit apartment building in Boston's desirable East Boston neighborhood presents a compelling value-add investment opportunity. The property, located at 186 Marion St, boasts a total of 2,400 square feet on a 905 sq ft lot and features three units: two 2-bedroom/1-bathroom units and one 1-bedroom/1-bathroom unit, plus a finished basement. Currently operating at 100% occupancy, generating a Net Operating Income (NOI) of $66,562 and a 5.79% capitalization rate, this property offers immediate cash flow. Built in 1900, the three-story building is conveniently situated a short 5-minute walk from the Airport MBTA station, providing tenants with easy access to public transportation. The flexible unit layouts, including dens in the two larger units, enhance rental appeal. All leases are expiring soon, presenting a unique opportunity for immediate rent adjustments and tenant selection, maximizing income potential. This property is ideal for investors seeking to increase returns through strategic upgrades or renovations. The asking price is $1,150,000. This is a rare chance to acquire a prime multifamily asset in a thriving Boston location.

Location Insight

City

Boston

County

Suffolk

State

Massachusetts

Latitude

42.3758

Longitude

-71.0352

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