291-293 E St - Apartments FOR SALE


Boston, MA 02127- South Boston
$6,400,000 USD
617-670-5993
291-293 E St, Boston, MA for Sale
$6,400,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

291-293 E St
Boston, MA 02127
South Boston


HIGHLIGHTS

  • Prime South Boston location in a highly desirable and rapidly evolving neighborhood.
  • Excellent visibility and accessibility along E Street, a key local corridor.
  • Minutes from Downtown Boston, the Seaport District, and major transportation routes.

OVERVIEW

291-293 E Street is a 10,965 GSF brick multifamily asset located one block from West Broadway in South Boston, with 8,772 SF of net living area. The property is fully stabilized, currently generating $429,600 in gross annual rental income, with additional upside available through mark-to-market rent adjustments across the unit base. On-site coin-operated laundry contributes incremental ancillary income. The brick construction provides durable, low-capex exterior performance over the hold period, and the unit mix is weighted toward higher-bedroom configurations consistent with the per-bed pricing dynamics that drive rental performance in the submarket. The property sits one block from West Broadway — South Boston's primary commercial corridor — and within walking distance of the Broadway MBTA Red Line station, providing two-stop access to Downtown Crossing and three-stop access to South Station. West Broadway's retail, restaurant, and service base is steps from the front door, and the Seaport District is accessible via Broadway or I-93. The asset benefits from proximity to Boston's largest employment centers — the Seaport, Financial District, Longwood Medical Area, and the downtown hospital system. South Boston has been one of Greater Boston's most consistent rental performers over the past decade, driven by direct connectivity to the Seaport, Financial District, and downtown hospital system, and the submarket continues to benefit from supply-constrained for- sale and rental inventory, sustained rent growth, and durable demand from the surrounding employment base.

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$584 USD /SF

# OF UNITS

8

PRICE/UNIT

$800,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,744 SF

ZONING

A

APN/PARCEL ID

SBOS-000000-000006-001081-000002

ASK ABOUT THIS PROPERTY

John Federico, Jr.Grove Property GroupMore Info
617-670-5993

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John Federico, Jr.Grove Property GroupMore Info
617-670-5993

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.