820-824 Huntington Ave - Apartments FOR SALE


Boston, MA 02115- Mission Hill
$3,195,000 USD
781-307-8843
820-824 Huntington Ave, Boston, MA for Sale
$3,195,000 USD
Apartments - FOR SALE
1/17
null | 5.84% Cap Rate

820-824 Huntington Ave
Boston, MA 02115
Mission Hill


HIGHLIGHTS

  • Situated directly on the Route 9 corridor with exceptional visibility and foot traffic, just steps from Brigham Circle and the Longwood Medical Area.
  • Stabilized income from 6 tenants including two long-term retail leases and four leased apartments; new rental increases locked in through 2030+.
  • Zoned NS with by-right mixed-use; legal non-conforming structure with upside in district experiencing over 5M SF of new institutional/lab development

OVERVIEW

KM Real Estate Group is pleased to present the exclusive opportunity to acquire 820-824 Huntington Avenue, a fully stabilized, six-unit mixed-use asset located on a prime corner in Boston's high-demand Mission Hill neighborhood. This 100% occupied property offers a rare combination of exceptional in-place cash flow and de-risked, contractual income growth, making it a premier investment in one of Boston's most resilient markets. INVESTMENT HIGHLIGHTS SUPERIOR IN-PLACE RETURNS: A fully stabilized asset generating $186,694 IN NOI at a compelling 5.84% CAP RATE. The property's Gross Annual Rent has increased by over 21% in recent years, demonstrating the strength of the location and proactive management. FULLY STABILIZED RETAIL INCOME: Both ground-floor retail tenants are secured by new, long-term lease extensions through 2030 and 2031, providing a durable and predictable income stream. GUARANTEED INCOME GROWTH & RISK MITIGATION: Both retail leases feature contractual annual rent increases, and one also includes a tax-stop provision, protecting ownership from a significant portion of future expense increases. IRREPLACEABLE LMA LOCATION: The asset is located directly on the MBTA Green Line, steps from the Longwood Medical and Academic Area, home to world-class institutions like Harvard Medical School, Brigham & Women’s Hospital, and Dana-Farber Cancer Institute. CLEAR VALUE-ADD POTENTIAL: A defined opportunity exists to create significant equity by repositioning the four residential units with high-end cosmetic upgrades to attract top-tier LMA professionals. Furthermore, the building features a full staircase and headhouse to a flat roof with skyline views, presenting a prime opportunity to add a premium roof deck amenity. RECENT CAPITAL INVESTMENTS: The property has benefited from significant recent upgrades, including targeted renovations in Units 1, 2, 3, and 4, electrical retrofits, and exterior maintenance, minimizing near-term capital requirements for a new owner. This is a strategic opportunity to acquire a high-performing asset with a clear, justified valuation in a market with exceptionally high barriers to entry. A full Confidential Offering Memorandum, including detailed lease abstracts, financial analysis, and market comparables, is available for review upon execution of a confidentiality agreement. Please contact us to receive the full package and to schedule a tour.

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$674 USD /SF

# OF UNITS

6

PRICE/UNIT

$532,500

CAP RATE

5.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,794 SF

ZONING

NS, Boston

APN/PARCEL ID

JAMA-000000-000010-000927

ASK ABOUT THIS PROPERTY

Kirsten McEleneyKM Real Estate GroupMore Info
781-307-8843

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Kirsten McEleneyKM Real Estate GroupMore Info
781-307-8843

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