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140-142 Meridian Street, East Boston MA 02128 142 Meridian St 5 Unit Apartment Building $2,400,000 ($480,000/Unit) 4.57% Cap Rate Boston, MA 02128
Investment Highlights
- 85% of the property was recently renovated
- High traffic area
Executive Summary
Introducing 140-142 Meridian Street in East Boston, a turnkey, mixed-use investment opportunity that rarely presents itself. Often times you’ll find outdated interiors, oddly configured spaces, or layouts that provide no opportunity for expansion or adding value. With this property, the opportunity for growth is plentiful, and on par with East Boston’s growth in general. The property was almost entirely renovated in 2025, with the office space, common areas, and 3 out of the 4 apartment units being tastefully updated. The non-renovated unit did have the flooring replaced, and is still very livable. Situated on one of East Boston’s busiest streets, the potential to add value is immense. Contact listing agent for financials and with any questions!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$148,800
|
$22.11
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$148,800
|
$22.11
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$39,015
|
$5.80
|
| Net Operating Income |
$109,785
|
$16.31
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $148,800 |
| Annual Per SF | $22.11 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $148,800 |
| Annual Per SF | $22.11 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $39,015 |
| Annual Per SF | $5.80 |
| Net Operating Income | |
|---|---|
| Annual | $109,785 |
| Annual Per SF | $16.31 |
Property Facts
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Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | EBOS-000000-000001-005432 | Improvements Assessment | $522,500 |
| Land Assessment | $174,500 | Total Assessment | $697,000 |
Property Taxes
Parcel Number
EBOS-000000-000001-005432
Land Assessment
$174,500
Improvements Assessment
$522,500
Total Assessment
$697,000
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Contact the Sale Advisor
140-142 Meridian Street, East Boston MA 02128 | 142 Meridian St