60 N Margin St 8 Unit Apartment Building $4,100,000 ($512,500/Unit) 6.42% Cap Rate Boston, MA 02113

The property consists of seven (7) two-bedroom apartments and one (1) studio unit, offering an efficient unit mix that caters to the neighborhood’s deep and consistent renter demand. The residences feature modern finishes and highly desirable amenities, including exposed brick, hardwood flooring, abundant natural light, and updated kitchens with granite countertops and newer appliances. Professionally managed and meticulously maintained, the asset offers investors a low friction ownership opportunity with no deferred maintenance requirements. This offering represents a rare opportunity to acquire a stabilized, turnkey multifamily property in a premier urban location. Supported by strong occupancy fundamentals, durable rental demand, and the potential for continued income growth, the property offers investors both dependable in-place cash flow and long-term value appreciation.
Unit 2 is available for lease. All other units are leased through 2027. Current Gross income is $298500. Please review attachment under the paperclip which shows the income and expenses. Building is professionally managed by the current owner. All apartments have electric baseboard heat. Stoves and hot water tanks are gas. All tenants pay their own Electric & Gas bills. Tenants also pay for their own cable/wifi. 8 gas meters / 8 gas hot water tanks/ 9 electric meters and an additional electric meter for Comcast system in the basement.