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161 Allston St
Boston, MA 02134
Multifamily Property For Sale
·
28 Units
Investment Highlights
- Lots of Natural Light
- Sits just 200 feet from the MBTA Allston Street Station on the Green Line
- Designer Kitchens & Bathrooms
Executive Summary
BRAND NEW, FULLY GUT RENOVATED APARTMENT BUILDING FOR SALE OFF COMM AVE - Turnkey/Condo quality 7 unit apartment building located in a prime Allston location. ~$402,600 Gross income through 8/31/26. Lots of upside potential in the rents! All plumbing and electrical was newly updated, a full sprinkler system was installed, new energy efficient windows, designer Kitchens & Bathrooms, Gleaming New Hardwood flooring. Brand New Gas HVAC and separate water meters (Tenants pay all utilities). The property is located in between Boston College, Boston University, Saint Elizabeth's Medical Center, New Balance Headquarters as well as the ever-expanding Boston Landing mixed-use project. The subject property sits just 200 feet from the Allston Street Station on the Green Line which allows tenants easy access to all of Boston. Pro-forma and floor plans available upon request.
Property Facts
| Price Per Unit | $208,929 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 5.84% | Building Size | 8,920 SF |
| No. Units | 28 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/2023 |
| Apartment Style | Low-Rise | ||
| Zoning | 0112 - MFR | ||
| Price Per Unit | $208,929 |
| Sale Type | Investment |
| Cap Rate | 5.84% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 8,920 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2023 |
| Zoning | 0112 - MFR |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Shuttle to Train
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | $4,750 | 1,200 |
| 4+1 | 2 | $5,300 | 1,100 |
| 3+1 | 3 | $4,850 | 770 |
| 3+1 | 5 | $4,725 | 770 |
| 4+1 | 6 | $5,250 | 997 |
| 3+1 | 7 | $4,825 | 770 |
| 4+1 | 4 | $3,850 | 997 |
Property Taxes
| Parcel Number | ALLS-000000-000021-001417 | Improvements Assessment | $3,480,300 |
| Land Assessment | $601,700 | Total Assessment | $4,082,000 |
Property Taxes
Parcel Number
ALLS-000000-000021-001417
Land Assessment
$601,700
Improvements Assessment
$3,480,300
Total Assessment
$4,082,000
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