5 Unit Multifamily | 775 Tremont St
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5 Unit Multifamily 775 Tremont St
5 Unit Apartment Building $4,670,564 CAD ($934,113 CAD/Unit) Boston, MA 02118
Investment Highlights
- Fully leased multifamily investment
- (5) 2 bedroom units
- Multiple MBTA stations nearby
- Strong property for a 1031 exchange
- (2) off street parking spaces
- Strong rental history
Executive Summary
LandVest Commercial is pleased to offer this multifamily investment opportunity in Boston’s vibrant South End. This 5 unit professionally managed property is conveniently located near Northeastern University, Emerson College, Berklee College of Music, Symphony Hall, and Prudential Center. The neighborhood location offers access to 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. Excellent candidate for a 1031 exchange.
Property Facts
| Price | $4,670,564 CAD | Building Class | C |
| Price Per Unit | $934,113 CAD | Lot Size | 0.04 AC |
| Sale Type | Investment | Building Size | 3,005 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1899 |
| Apartment Style | Mid Rise | Parking Ratio | 0.67/1,000 SF |
| Price | $4,670,564 CAD |
| Price Per Unit | $934,113 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 3,005 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1899 |
| Parking Ratio | 0.67/1,000 SF |
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Bay Window
- Double Vanities
- Kitchen
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
- Basement
- Patio
- Porch
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | - | 700 |
| 2+1.5 | 3 | - | 750 |
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Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (94)
Bike Score ®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | CBOS-000000-000009-000787 | Improvements Assessment | $1,660,191 CAD |
| Land Assessment | $1,270,526 CAD | Total Assessment | $2,930,717 CAD |
PROPERTY TAXES
Parcel Number
CBOS-000000-000009-000787
Land Assessment
$1,270,526 CAD
Improvements Assessment
$1,660,191 CAD
Total Assessment
$2,930,717 CAD
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5 Unit Multifamily | 775 Tremont St
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