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130 Myrtle 8 Unit Apartment Building $6,850,000 ($856,250/Unit) 4.37% Cap Rate Boston, MA 02114
Investment Highlights
- No deferred maintenance
- fully leased through 2027
Executive Summary
Quality meets charm in this 8 unit Beacon Hill multifamily. Meticulously maintained, 130 Myrtle St comes equipped with AC and heat pumps (2022) in 7 of 8 units, a new roof (half 2024), new hot water systems (2024), and various renovations/upgrades to 3 units (2023). All utilities are separately metered except for hot water and water/sewer. Tenants pay their own electric and cooking gas. Laundry in unit for 3 of 8 units. Coin-op common laundry and storage for all units in the basement. 3 two bedrooms, 5 one bedrooms. Private roof deck for unit 7 and private patio for unit 8. Fully leased through 8/31/2027 with working professionals. Annual income of $370,800. Inquire for full rent roll and details.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$370,800
|
$57.05
|
| Other Income |
$1,500
|
$0.23
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$372,300
|
$57.28
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$72,685
|
$11.18
|
| Net Operating Income |
$299,615
|
$46.09
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $370,800 |
| Annual Per SF | $57.05 |
| Other Income | |
|---|---|
| Annual | $1,500 |
| Annual Per SF | $0.23 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $372,300 |
| Annual Per SF | $57.28 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $72,685 |
| Annual Per SF | $11.18 |
| Net Operating Income | |
|---|---|
| Annual | $299,615 |
| Annual Per SF | $46.09 |
Property Facts
| Price | $6,850,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $856,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Cap Rate | 4.37% | Building Size | 6,500 SF |
| Gross Rent Multiplier | 18 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1883 |
| Property Subtype | Apartment | ||
| Zoning | A | ||
| Price | $6,850,000 |
| Price Per Unit | $856,250 |
| Sale Type | Investment |
| Cap Rate | 4.37% |
| Gross Rent Multiplier | 18 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 6,500 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1883 |
| Zoning | A |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $4,000 | 650 - 750 |
| 1+1 | 2 | $3,200 | 550 |
| 1+1 | 3 | $3,838 | 650 - 750 |
| 1+1 | 4 | $3,200 | 650 - 750 |
| 1+1 | 5 | $3,900 | 650 - 750 |
| 1+1 | 6 | $3,375 | 650 - 750 |
| 2+2 | 7 | $6,750 | 1,300 - 1,500 |
| 2+1 | 8 | $3,238 | 700 - 1,300 |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | CBOS-000000-000005-001815 | Improvements Assessment | $1,779,800 |
| Land Assessment | $1,405,000 | Total Assessment | $3,184,800 |
Property Taxes
Parcel Number
CBOS-000000-000005-001815
Land Assessment
$1,405,000
Improvements Assessment
$1,779,800
Total Assessment
$3,184,800
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130 Myrtle
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