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40 Fisher Ave 15 Unit Apartment Building $10,500,000 ($700,000/Unit) 5.04% Cap Rate Boston, MA 02120
Investment Highlights
- 100 % Occupancy Term Tenants
- Underground Parking-Roof Decks-Professional Management
- Proximity to Hospitals-Medical Schools Colleges
Executive Summary
Introducing a prime investment opportunity in Boston, MA. This modern 22,039 SF building, constructed in 2016, offers 15 units and boasts a strong 100% occupancy rate, reflecting the highly competitive rental market with low vacancy rates. The property features eight coveted garage parking spaces, ideal for tenants' convenience. Additionally, with two affordable-rate units, this investment presents a balanced opportunity for revenue and community impact. The tenant demographic, comprising esteemed professionals like professors and healthcare experts, ensures a stable and sought-after renter profile. Discover the potential for long-term success and solid returns in this well-maintained and desirable multifamily/mid-rise property. Perfect for a 1031 exchange.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $10,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $700,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.04% | Building Size | 22,039 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 15 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 2016 |
| Property Subtype | Apartment | Parking Ratio | 0.36/1,000 SF |
| Zoning | 80 | ||
| Price | $10,500,000 |
| Price Per Unit | $700,000 |
| Sale Type | Investment |
| Cap Rate | 5.04% |
| Sale Condition | 1031 Exchange |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 22,039 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 2016 |
| Parking Ratio | 0.36/1,000 SF |
| Zoning | 80 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
- Kitchen
- Granite Countertops
- Sprinkler System
- Stainless Steel Appliances
- Walk-In Closets
- Vinyl Flooring
Site Amenities
- Controlled Access
- Fitness Center
- Laundry Facilities
- Security System
- Laundry Service
- Walking/Biking Trails
- Wi-Fi
- Bicycle Storage
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 730 |
| 2+2 | 7 | - | 960 - 1,220 |
| 3+2 | 6 | - | 1,200 - 1,644 |
| 1+2 | 1 | - | 730 |
1 1
Walk Score®
Very Walkable (79)
Transit Score®
Excellent Transit (85)
Bike Score®
Very Bikeable (73)
Property Taxes
| Parcel Number | HOLL-000001-000001-000260 | Total Assessment | $671,700 |
| Land Assessment | $228,800 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $442,900 | Tax Year | 2025 |
Property Taxes
Parcel Number
HOLL-000001-000001-000260
Land Assessment
$228,800
Improvements Assessment
$442,900
Total Assessment
$671,700
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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40 Fisher Ave
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