775 Tremont Street, Boston, MA 02118
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775 Tremont Street, Boston, MA 02118
775 Tremont Street, Boston, MA 02118
775 Tremont Street, Boston, MA 02118
775 Tremont Street, Boston, MA 02118
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Jean Cohen

Jean Cohen

+1(781) 367-7191
$ 2,999,999
Est. payment /mo
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775 Tremont Street Boston, MA 02118

10 Beds

8 Baths

3,800 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 3,800 sqft

Price per Sqft $789

MLS Listing ID 73580647

Bedrooms 10

Full Baths 6

Half Baths 4

Year Built 1899

Annual Tax Amount $26,265

Tax Year 2026

Lot Size 1,742 Sqft

Acres 0.04

Property Sub-Type 5+ Family - 5+ Units Up/Down

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 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.

Location

State MA

County Suffolk

Area South End

Zoning R4

Direction Tremont Street near Massachusetts Ave.

Rooms

Basement Full, Unfinished

Interior

Flooring Wood

Fireplaces Number 2

Appliance Range, Dishwasher, Refrigerator, Freezer, Washer, Dryer

Exterior

Community Features Public Transportation, Shopping, Park, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Other

Roof Type Slate,Rubber

Total Parking Spaces 2

Garage No

Building

Lot Description Level, Other

Story 7

Foundation Block

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Compass

NEARBY SCHOOLS & PROPERTIES

Jean Cohen

Jean Cohen

Advisor License ID: 9082077

+1(781) 367-7191

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775 Tremont Street