18 Highgate St - Apartments FOR SALE


Boston, MA 02134
$8,575,000 USD
781-776-4000
18 Highgate St, Boston, MA for Sale
$8,575,000 USD
Apartments - FOR SALE
1/9
null | 5.69% Cap Rate

18 Highgate St
Boston, MA 02134


HIGHLIGHTS

  • Newer Construction, Stabilized Asset with Rent Growth
  • Dynamic Allston Location
  • Transit Oriented Location
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of the newer construction multi-family investment property located at 18 Highgate Street in Allston, Massachusetts (the “Property”). Located in the heart of Allston, 18 Highgate Street offers convenient access to Cambridge, Downtown Boston, both Boston University and Boston College and several T Stations (Green Line – Packards Corner Station 0.5 Miles & Allston Street Station 0.7 Miles) and the Boston Landing MBTA Station (Framingham/Worcester Line). Adding to the area’s appeal is the proximity to area schools, highways, entertainment venues, retailers, and restaurants. 18 Highgate Street offers the opportunity to acquire a newer construction, well-located, stabilized asset in one of the strongest real estate markets in a region that is poised for future growth. 18 Highgate Street consists of a new construction three-story building with nine (9) residential units comprised of three (3) 5-Bedroom/2-Bathroom units, two (2) 4-Bedroom/3-Bathroom units, one (1), 4-Bedroom/2-Bathroom unit, two (2), 2-Bedroom/2-Bathroom units, and one (1), 1-Bedroom/1- Bathroom unit with 10,035 square feet of living area in 13,465 square feet of gross area, on a 0.19-acre parcel. The building was constructed in 2023 and each of the units features an open layout with new kitchens featuring white custom cabinets, granite countertops, and stainless-steel appliances. The units also have hardwood floors, in-unit laundry, and new individual HVAC heating systems with central air. Additionally, there are six (6) on-site private garage spaces, and a Bike Storage room.

FOR SALE DETAILS

PRICE

$8,575,000 USD

PRICE/SF

$855 USD /SF

# OF UNITS

9

PRICE/UNIT

$952,778

CAP RATE

5.69%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

-

APN/PARCEL ID

ALLS-000000-000021-000702

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.