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7 Wenham St, Boston, MA 02130
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$3,075,000
4 Unit
15 Beds
8 Baths
5312 SQFT
0.13 Acre

Property Description

The Wenham Street Multifamily comprises (1) three bedroom / two bathroom & (3) four bedroom / two bathroom units. Tenants are responsible for their electric and gas, and water/sewer is newly submetered for rebilling on future leases. The Wenham Street Multifamily has undergone a complete renovation and is a turnkey/new construction property. The Wenham Street Multifamily boasts condo quality finishes, an in-unit laundry, and outdoor space. It is near numerous shops, restaurants, and public transit.The Wenham Street Multifamily provides an investor the opportunity to acquire a turn-key property with the ability to raise rents to market levels and potentially convert the fourth floor unit from a three bedroom to a four bedroom unit, adding to potential market upside.Pro Forma Income $232,800 Pro Forma Expenses $36,474 Pro Forma NOI $193,205 Pro Forma Cap Rate 6.28%

Property Details tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 10
  • Total Bedrooms: 15
  • Total Full Baths: 8
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Common Cooling: Central Air

Financial

  • APOD Available: Yes
  • Gross Operating Income: 216540
  • Gross Expenses: 39959
  • Net Operating Income: 173868

Utilities

  • Heat Zones: 4
  • Cooling Zones: 4
  • Energy Features: Attic Vent Elec., Insulated Windows
  • Water: City/Town Water, Individual Meter, On-Site, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 4
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73354533
  • Last Updated: 04/09/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/09/2025Under Agreement$3,075,000$579MLSPIN
04/07/2025Active$3,075,000$579MLSPIN
04/03/2025New$3,075,000$579MLSPIN

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Seller's Representative: Tim McGeary, Northeast Private Client Group, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-04-09 15:13:00

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