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Neponset Portfolio 3 Multifamily Properties Offered at $8,999,999 in Multiple Locations
Investment Highlights
- 19 Residential + 6 Commercial Units
- Dedicated on-site parking
- 75% renovated with additional value-add potential
Executive Summary
EVO Commercial is pleased to present 400-412 Neponset Ave and 10-12 Redfield St - a rare opportunity to acquire three adjacent properties totaling 26,000 SF in Dorchester’s Neponset/Port Norfolk neighborhood. The portfolio includes a corner mixed-use building and two triple-deckers with six spacious 3-bed units. Nearly 75% of the residential units have been recently renovated, providing strong in-place income with additional value-add potential. Currently generating $556,355 NOI. The properties feature dedicated on-site parking - a major asset in this submarket - and benefit from strong in-place income, excellent visibility on a well-traveled corridor, and convenient access to I-93, public transit.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $8,999,999 | Status | Active |
| Price / SF | $267.73 / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 6.18% | Total Building Size | 33,616 SF |
| Sale Type | Investment | Total Land Area | 0.39 AC |
| Price | $8,999,999 |
| Price / SF | $267.73 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6.18% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 33,616 SF |
| Total Land Area | 0.39 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 10 Redfield St, Boston, MA 02122 | Multifamily | 3,456 SF | 1905 | - |
| 12 Redfield St, Boston, MA 02122 | Multifamily | 3,456 SF | 1905 | - |
| 400-410 Neponset Ave, Dorchester, MA 02122 | Multifamily | 26,704 SF | 1920 | - |
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Neponset Portfolio
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