529 Beacon St, Boston, MA 02115
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$10,000,000
23 Unit
23 Beds
23 Baths
13246 SQFT
0.09 Acre

Property Description

529 Beacon consists of a four-story brick building with 23 residential units comprised of 9 Studio units and 14 1-Bedroom/1-Bathroom units. Tenants of the property are responsible for their own heat (electric) while the landlord is responsible for common area electric, gas-fired hot water and domestic water and sewer. The Property also offers 4 parking spaces and an on site laundry facility. 529 Beacon, which is fully sprinklered, features recent capital improvements including a new roof (2024), renovated common areas and various cosmetic improvements to the units’ interiors. 529 Beacon offers the opportunity to acquire a trophy asset in a highly desirable urban-infill location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. In place rents are below market rates, providing significant potential for upside by achieving market rents through programmatic upgrades.

Property Details tap to expand

Building Information

  • Total Units: 23
  • Total Floors: 4
  • Total Bedrooms: 23
  • Total Full Baths: 23
  • Amenities: Bike Path, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, T-Station, University, Walk/Jog Trails

Financial

  • APOD Available: Yes
  • Gross Operating Income: 712162
  • Gross Expenses: 163239
  • Net Operating Income: 548923

Utilities

  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Hot Water, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Hot Water, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1899
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Brick
  • Roof Material: Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73356963
  • Last Updated: 04/13/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/13/2025Active$10,000,000$755MLSPIN
04/09/2025New$10,000,000$755MLSPIN

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Seller's Representative: Kelleher - Pentore Team, Horvath & Tremblay
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1.5
Facilitator Compensation: n/a
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-04-13 04:05:00