527-529 Beacon St - Apartments FOR SALE


Boston, MA 02215- Back Bay
$10,000,000 USD
781-776-4000
527-529 Beacon St, Boston, MA for Sale
$10,000,000 USD
Apartments - FOR SALE
1/21
null | 5.49% Cap Rate

527-529 Beacon St
Boston, MA 02215
Back Bay


HIGHLIGHTS

  • Stabilized Asset with Upside Potential
  • Dynamic Location
  • Transit Oriented Location
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of the multifamily investment property located at 529 Beacon Street in Boston, Massachusetts (the “Property”). Situated in an incredible, urban-infill location in Boston’s Back Bay neighborhood, 529 Beacon offers convenient access to Back Bay, Downtown Boston, South Boston, Fenway Park, the Longwood Medical Area, Boston University, Northeastern University, several T Stations (Green Line – Kenmore Station & Hynes Convention Center Station both 0.3-miles miles away) and the Lansdowne MBTA Station (Framingham/Worcester Line). Adding to the area’s appeal is the proximity to schools, highways, entertainment venues, retailers, and restaurants. 529 Beacon offers the opportunity to acquire a well-located asset in one of the strongest real estate markets in a region that is poised for continuous growth. 529 Beacon consists of a four-story brick building with twenty-three (23) residential units comprised of nine (9) Studio units and fourteen (14), 1-Bedroom/1-Bathroom units with 13,246 square feet of living area in 13,246 gross square feet on a 0.09-acre parcel. Tenants of the property are responsible for their own heat (electric) while the landlord is responsible for common area electric, gas-fired hot water and domestic water and sewer. The Property also offers four (4) parking spaces and an on-site laundry facility. 529 Beacon, which is fully sprinklered, features recent capital improvements including a new roof (2024), renovated common areas and various cosmetic improvements to the units’ interiors.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$667 USD /SF

# OF UNITS

23

PRICE/UNIT

$434,783

CAP RATE

5.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1899

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

A

APN/PARCEL ID

CBOS-000000-000005-003872

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.