Lindsay Britton
REALTOR®
BEDS10
BATHS6 full 4 partial
SQUARE FEET3,800
MLS#73580647
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Stabilized South End multifamily asset offering in-place income and defined upside. 775 Tremont Street comprises five fully leased two-bedroom residences generating $15,651 per month and $187,812 in current annual residential rent, with leases extending through 2027. Renovated in 2021, the units feature modern kitchens with dishwashers, hardwood floors and in-unit laundry. Recent building improvements include an updated Navien heating and hot-water system (2023). Rear decks, two roof decks and two off-street parking spaces further distinguish the property. The parking spaces are not presently rented, creating an immediate opportunity for additional income. Based on market-rent and parking assumptions, the sellers pro forma projects $249,000 in annual gross income and a 5.80% cap rate. Well suited to a long-term hold or 1031 exchange buyer seeking a stabilized Boston asset, the property also offers future value-add and repositioning potential. Its location near major universities, medical centers, Back Bay, the Prudential Center, MBTA service and Tremont Street dining supports enduring rental demand, complemented by a 97 Walk Score, 96 Transit Score and 97 Bike Score.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Fireplaces: 2
Lot Size: 0.04 Acres
Roof Type: Slate, Rubber
Stories: 7.0
Taxes: $26,265
Year Built: 1899
Feature Descriptions
Appliances: Range, Dishwasher, Refrigerator, Freezer, Washer, Dryer
Building Area Total: 3800
Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Other
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Dwelling Type: 5+ Family - 5+ Units Up/Down
Fireplace Y/N: Yes
Flooring: Wood
Lot Features: Level, Other
Parcel Number: 3392945
Parking Features: Off Street, Deeded
Parking Total: 2
Patio And Porch: Porch, Deck, Deck - Roof
Rooms Total: 31
Sewer: Public Sewer
Units: 5
Water: Public
Listed By / Shown By
Listed By
Agency Name: Compass
Agent Name: Donahue + Greene Group
Agency Phone: 617-303-0067
Shown By
Agent Name: Lindsay Britton
Agent Phone:
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
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Estimated Payment
$ 9,740.45 per month $6,676.70 Principal & Interest $2,188.75 Property Tax $875.00 Homeowner's Insurance
775 Tremont Street | MLS# 73580647
This multi-family property located at 775 Tremont Street, Boston, MA 02118 is currently listed for sale with an asking price of $2,999,999. Search Boston real estate on lindsaybritton.masiellogrouprealestate.com today.