This exciting multifamily investment opportunity in Boston’s vibrant South End consists of 5 units, 4 stories, and 3005 SF. This professionally managed property is conveniently located near Northeastern University, Emerson College, Berklee College of Music, Symphony Hall, and the Prudential Center. The neighborhood location offers access to multiple MBTA stations, hospitals, and an abundance of shops and restaurants. The interiors of each 2-bedroom apartment include stainless steel appliances, gas cooking, microwave, dishwasher, stack washer/dryer, and wood floors. A new Navien heating system was added in 2023. The property is enhanced with rear decks, a roof deck, and 2 on-site parking spaces. With a solid track record of 100% occupancy by students and young professionals, the building is currently fully leased, with most units on a 9/1 move-in cycle. This steady income-producing asset also offers potential for conversion to condominiums or a single-family home.
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Last Updated: November 18th, 2024 at 6:48am
Highway Access
House Of Worship
Shopping
Medical Facility
Bike Path
Public Transportation
T-station
University
General Information for 775 Tremont Street, Boston, Massachusetts 02118
Property TypeResidential Income
Property Sub TypeMulti Family
Price$3,295,000
Price per sqft$1,096.51
MLS #73312099
Handicap Access / FeaturesNo
List Date2024-11-13
Special Listing Conditions
StateMassachusetts
Street NameTremont Street
CityBoston
Zip Code02118
CountySuffolk
MLS Status
Covered Parking Spaces0
Heating Y/NNo
Heating System
Heat Zones
Sold Date
Property Sub TypeMulti Family
Building Area SourceOther
Building Area Total3005
Building Area Units0
CarportNo
Close Date
Close Price$0
Covered Parking Spaces0
Listing Service
UnparsedAddress775 Tremont Street, Boston MA 02118
Zoning
Interior Features for 775 Tremont Street, Boston, Massachusetts 02118
* Approx. Living Area Total3,005 sq ft
Living Area Includes BasementNo
Bedrooms10
* # Fireplaces2
Bathrooms (Total)7.5
Full Baths6
* # Half Baths3
* # Rooms
Basement
Heating System
Appliances
Electric
Living Area DisclosureSee architectural plans attached
Living Area Includes BasementNo
Door Features
ElectricNo
Electric$0
MLS Area (Major)South End
MLSPIN_BEDRMS_12
MLSPIN_BEDRMS_22
MLSPIN_BEDRMS_32
MLSPIN_BEDRMS_42
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_12
MLSPIN_F_BTHS_22
MLSPIN_F_BTHS_32
MLSPIN_F_BTHS_42
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_21
MLSPIN_H_BTHS_3 1
MLSPIN_H_BTHS_40
OffMarketDate
Exterior Features for 775 Tremont Street, Boston, Massachusetts 02118
* Approximate Lot Size0.04 acres
Covered Parking Spaces0
Lot FeaturesLevel
* Parking Spaces2
* Sewer Utilities
* Water Utilities
* Year Built1899
Year Built Details
Year Built SourcePublic Records
Construction Materials
Exterior Features
Foundation Area
Foundation MaterialsBlock
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)1,600 Sqft
Disclosures for 775 Tremont Street, Boston, Massachusetts 02118
Buyer Agent Compensation
Contingency
Financing
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ON
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Living Area DisclosureSee architectural plans attached
Living Area Includes BasementNo
Facilitator Compensation
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 775 Tremont Street, Boston, Massachusetts 02118
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data Source
Gross Income$189,360
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_12
MLSPIN_LEVELS_22
MLSPIN_LEVELS_31
MLSPIN_LEVELS_41
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT13050
MLSPIN_RENT22950
MLSPIN_RENT33305
MLSPIN_RENT43275
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$0
NetOperatingIncome$189,360
OperatingExpense$0
OriginalListPrice$3,295,000
RENT_FEE_INCLUDES
TOTAL_RENT15780
WaterSewerExpense$0
Lifestyle Information for 775 Tremont Street, Boston, Massachusetts 02118
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront Features
Location information for 775 Tremont Street, Boston, Massachusetts 02118
Elementary School
Middle School
High School
NumberOfUnitsTotal5
Marketing History for 775 Tremont Street, Boston, Massachusetts 02118
MLSPIN_MARKET_TIME_BROKER4
MLSPIN_MARKET_TIME_PROPERTY4
PurchaseContractDate
Agent Information for 775 Tremont Street, Boston, Massachusetts 02118