19 S Russell St 9 Unit Apartment Building $3,750,000 ($416,667/Unit) 4.51% Cap Rate Boston, MA 02114




INVESTMENT HIGHLIGHTS
- Across The Street from Massachusetts General Hospital
- Excellent Rental History
- Rents are Under Market Rate
- Legal 9 Unit Building with Fire Alarm Monitoring
- Steps From Suffolk University
- Value Add Opportunity
EXECUTIVE SUMMARY
19 South Russell Street is a Prime Investment Opportunity in the historic & highly desirable Beacon Hill neighborhood. This Legal Nine-Unit Building has Excellent Rental History and is located just steps from Massachusetts General Hospital and Suffolk University. The unit mix includes Four (4) 1-bedroom/1-bath units and Five (5) studios with full baths. With an existing income stream and significant value add potential, this property provides stable cash flow and the opportunity for long-term appreciation in a high-demand market. Public transportation is abundant, with Red, Green, Orange, and Blue Lines all easily accessible to ensure seamless access to every part of the city. In-place rents are below market, presenting a significant opportunity to increase NOI by adjusting rents to current market rates. This property for the savvy investor seeking to capitalize on Beacon Hill’s historic appeal while meeting the demand for well-located, modern rental units. Great for Shorter or Mid term Rentals.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$99,999
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$9.99
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$99,999
![]() |
$9.99
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Taxes |
$99,999
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$9.99
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Operating Expenses |
$99,999
![]() |
$9.99
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Total Expenses |
$99,999
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$9.99
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Net Operating Income |
$99,999
![]() |
$9.99
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PROPERTY FACTS
Price | $3,750,000 |
Price Per Unit | $416,667 |
Sale Type | Investment |
Cap Rate | 4.51% |
Sale Condition | 1031 Exchange |
No. Units | 9 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low-Rise |
Building Class | C |
Lot Size | 0.02 AC |
Building Size | 3,240 SF |
Average Occupancy | 100% |
No. Stories | 4 |
Year Built | 1899 |
Zoning | A - Legal 9 Apartments - Residential Multi Family |
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 4 | $2,138 | 400 |
Studios | 5 | $1,900 | 250 |
1 of 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
PROPERTY TAXES
Parcel Number | CBOS-000000-000003-000198 | Total Assessment | $1,926,100 (2025) |
Land Assessment | $531,200 (2025) | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $1,394,900 (2025) | Tax Year | 2024 |