161 Allston, Boston, MA 02134
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$6,000,000
7 Unit
25 Beds
8 Baths
6690 SQFT
0.00 Acre

Property Description

161 Allston Street is a 7 unit apartment building located in the Allston submarket of Boston, Massachusetts. This rare opportunity offers investors the chance to own a turnkey building in one of the most sought after sections of Boston. The property is sandwiched in between Boston College, Boston University, Saint Elizabeth's Medical Center, New Balance Headquarters as well as the ever-expanding Boston Landing mixed-use project. The subject property sits just 200 feet from the Allston Street Station on the Green Line. This transit-oriented location allows tenants easy access to all of Boston. The property was completely gut-renovated in 2023. All plumbing and electrical was updated, full sprinkler system was put in, new energy efficient windows were installed, and kitchens and bathrooms were updated. The property also features separate gas heating and water meter systems in which the tenants are responsible for heat and hot water costs.

Property Details tap to expand

Building Information

  • Total Units: 7
  • Total Floors: 4
  • Total Bedrooms: 25
  • Total Full Baths: 8
  • Total Fireplaces: 2

Financial

  • APOD Available: No
  • Gross Operating Income: 402240
  • Gross Expenses: 69280
  • Net Operating Income: 320893

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes

Unit 2 Description

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

Unit 3 Description

  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 5-9 Family
  • Foundation Info: Poured Concrete
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73317400
  • Last Updated: 12/08/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/08/2024Active$6,000,000$897MLSPIN
12/04/2024New$6,000,000$897MLSPIN

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Seller's Representative: Evan Griffith, Marcus & Millichap Real Estate Investment Services
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-12-08 03:05:00