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60 N Margin St 8 Unit Apartment Building $4,050,000 ($506,250/Unit) 6.50% Cap Rate Boston, MA 02113



Investment Highlights
- Located in Boston's North End near downtown employment centers.
- Residences feature exposed brick, hardwood floors, and updated kitchens.
- Established income-producing asset in a supply-constrained urban neighborhood.
- Walking distance to the Financial District and multiple MBTA transit lines.
- Professionally managed and maintained property with reported renovations.
Executive Summary
**RARE NORTH END 8 UNIT INVESTMENT OPPORTUNITY** 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. 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. Walking distance to the Financial District and multiple MBTA transit lines.
Property Facts
| Price | $4,050,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $506,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Cap Rate | 6.50% | Building Size | 4,400 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1899 |
| Zoning | RES - 8 unit residential apartment building | ||
| Price | $4,050,000 |
| Price Per Unit | $506,250 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 4,400 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1899 |
| Zoning | RES - 8 unit residential apartment building |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Granite Countertops
- Hardwood Floors
Site Amenities
- Vintage Building
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,358,700 | |
| Land Assessment | $966,100 | Total Assessment | $3,324,800 |
Property Taxes
Parcel Numbers
Land Assessment
$966,100
Improvements Assessment
$2,358,700
Total Assessment
$3,324,800
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60 N Margin St
