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 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

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
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)

PROPERTY TAXES

  • Listing ID: 35384026

  • Date on Market: 4/5/2025

  • Last Updated:

  • Address: 19 S Russell St, Boston, MA 02114