5-7 N. Margin is a well-maintained, five-story brick building containing eleven units comprised of two 3-Bedroom/1-Bathroom units, six 2-Bedroom/1-Bathroom units, one 1-Bedroom/1-Bathroom unit, and two Studio units. The Property is fully leased and benefits from a brand-new roof and a newer Weil McLain Boiler (2021). The Property also has an on-site coin operated laundry facility. Several of the units have been renovated and feature hardwood floors, quartz countertops, and modern white cabinets. The Property is separately metered for electricity, which the tenants pay directly. The Landlord is responsible for common area electric, central heat and hot water, and domestic water and sewer. Centrally located in the North End and 0.4 miles to Boston’s North Station, the Property offers the rare opportunity to acquire an outstanding, fully leased core asset in an incredible urban-infill location in one of the strongest real estate markets in the country.
This listing has been viewed 54 times in the past 190 days
Last Updated: October 7th, 2024 at 6:49pm
Walk/jog Trails
Highway Access
House Of Worship
Public School
Shopping
Park
Medical Facility
Laundromat
Public Transportation
T-station
Pool
Tennis Court(s)
Marina
Private School
University
General Information for 5-7 N. Margin St, Boston, Massachusetts 02113
Property TypeResidential Income
Property Sub TypeMulti Family
Price$5,800,000
Price per sqft$764.16
MLS #73252272
Handicap Access / FeaturesNo
List Date2024-06-13
Special Listing ConditionsNo
StateMassachusetts
Street NameN. Margin St
CityBoston
Zip Code02113
CountySuffolk
MLS Status
Covered Parking Spaces0
Heating Y/NNo
Heating System
Heat Zones
Sold Date
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total7590
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress5-7 N. Margin St, Boston MA 02113
Zoning
Interior Features for 5-7 N. Margin St, Boston, Massachusetts 02113
* Approx. Living Area Total7,590 sq ft
Living Area Includes BasementNo
Bedrooms21
* # Fireplaces0
Bathrooms (Total)11
Full Baths11
* # Half Baths0
* # Rooms
Basement
Heating System
AppliancesNo
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door FeaturesNo
ElectricYes
Electric$0
MLS Area (Major)North End
MLSPIN_BEDRMS_11
MLSPIN_BEDRMS_21
MLSPIN_BEDRMS_3
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_3
MLSPIN_F_BTHS_4
MLSPIN_GRE$97,396
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3
MLSPIN_H_BTHS_4
OffMarketDate11/09/2024
Exterior Features for 5-7 N. Margin St, Boston, Massachusetts 02113
* Approximate Lot Size0.04 acres
Covered Parking Spaces0
Lot FeaturesOther
* Parking Spaces0
* Sewer Utilities
* Water Utilities
* Year Built1899
Year Built Details
Year Built SourcePublic Records
Construction MaterialsNo
Exterior Features
Foundation Area
Foundation MaterialsBrick/Mortar
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)1,742 Sqft
Disclosures for 5-7 N. Margin St, Boston, Massachusetts 02113
Buyer Agent Compensation1.75
Contingency
FinancingNo
Disclosures
Documents AvailableNo
Exclusions
MLSPIN_COMP_BASED_ONNet Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation0
TransactionBrokerCompensationType
BuyerAgencyCompensationType%
Financial Information for 5-7 N. Margin St, Boston, Massachusetts 02113
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data SourceNo
Gross Income$402,332
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_3
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT12215
MLSPIN_RENT21825
MLSPIN_RENT3
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$304,926
OperatingExpense$97,396
OriginalListPrice$5,800,000
RENT_FEE_INCLUDESHot Water), Unit 1(heat, Unit 2(heat
TOTAL_RENT32767
WaterSewerExpense$0
Lifestyle Information for 5-7 N. Margin St, Boston, Massachusetts 02113
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool FeaturesNo
Waterfront FeaturesNo
Location information for 5-7 N. Margin St, Boston, Massachusetts 02113
Elementary School
Middle School
High School
NumberOfUnitsTotal11
Marketing History for 5-7 N. Margin St, Boston, Massachusetts 02113
MLSPIN_MARKET_TIME_BROKER90
MLSPIN_MARKET_TIME_PROPERTY90
PurchaseContractDate
Agent Information for 5-7 N. Margin St, Boston, Massachusetts 02113