Unit Information
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 seller’s 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.
- Additional Details
- Status: NEW
- Type: Multi-Family, Multi Family
- Area: South End
- Zip Code: 02118
- Levels: 7
- Parking
- Garage Capacity: 2
- Parking: Off Street,Deeded
- Parking Spaces: 2
- Rooms and Dimensions
- Total Units: 5
- Total Floors: 7
- Total Rooms: 31
- Has Basement: Yes
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$2,999,999
- Status: New
- Listing ID: 73580647
- Bedrooms: 10
- Full Baths: 6
- Half Baths: 4
- Living Area: 3,800 sqft Convert
- Lot Size: 1,600 sqft Convert
- Acres: 0.04
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |