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232 Old Colony Ave
South Boston, MA 02127
Multifamily Property For Sale
·
24 Units


Executive Summary
Rare opportunity to acquire a prime commercial condo in one of Boston’s fastest-growing neighborhoods. This highly visible street-level space is currently run as gourmet deli, bar, and liquor store concept. It is positioned in a vibrant mixed-use area benefiting from continued residential and commercial development. The retail property offers an attractive layout with strong frontage, excellent foot traffic, and flexible potential for a variety of retail, restaurant, hospitality, or service-oriented uses.
Located in a thriving urban corridor with strong demographics and consistent pedestrian activity, this is an exceptional opportunity for an owner-user, investor, or operator seeking a long-term presence in the Boston market. The surrounding neighborhood continues to experience significant growth and redevelopment, creating substantial upside potential for future appreciation and business activity.
Opportunities to acquire commercial real estate in this location are exceedingly rare. Email for additional details.
$2,500,000 (For the Real Estate)
Located in a thriving urban corridor with strong demographics and consistent pedestrian activity, this is an exceptional opportunity for an owner-user, investor, or operator seeking a long-term presence in the Boston market. The surrounding neighborhood continues to experience significant growth and redevelopment, creating substantial upside potential for future appreciation and business activity.
Opportunities to acquire commercial real estate in this location are exceedingly rare. Email for additional details.
$2,500,000 (For the Real Estate)
Property Facts
| Price Per Unit | $104,167 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.21 AC |
| No. Units | 24 | Building Size | 36,291 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 2019 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.79/1,000 SF |
| Zoning | CD | ||
| Price Per Unit | $104,167 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 36,291 SF |
| No. Stories | 5 |
| Year Built | 2019 |
| Parking Ratio | 0.79/1,000 SF |
| Zoning | CD |
Amenities
Unit Amenities
- Hardwood Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 736 - 940 |
| 2+2 | 16 | - | 1,132 - 1,514 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,002,400 | |
| Land Assessment | $0 | Total Assessment | $3,002,400 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$3,002,400
Total Assessment
$3,002,400
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