156 Porter St #240 Boston — Photo 1 of 16
$499,743
Investment Analysis — 156 Porter St #240
Boston, MA 02128 — East Boston
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 1-bedroom in 02128 carries an estimated $2,310/mo in gross rent — about a 3.24% cap rate and $16,198/yr in estimated NOI at the $499,743 list price. Adjust every assumption in the calculator below.
Beds
1
Baths
1
SqFt
862
Style
Condominium
Built
1910
City of Boston Inclusionary Development Unit / BPDA Income Restricted East Boston Loft / 1 bathroom condo on the 2nd floor with 2 levels. The building is a 217 unit, professionally managed elevator building with central AC, common roof deck, club room and close access to the Airport Blue Line stop. The condo has an in unit washer/dryer and an outside parking space. The upper level could be used as a bedroom, home office, or media area. Sale is subject to BPDA approval of buyer eligibility (1 member household up to $144,000, 2 member household up to $164,640, 3 member household up to $185,160, and 4 member household up to $205,680). Ask for income limits for larger households. Buyers must have under $100,000 in liquid assets (excluding most retirement and education accounts) and obtain mortgage financing. The unit must be the buyer's primary residence. Buyers must complete an affidavit and be approved by the BPDA / MOH. BPDA requires buyers to contribute at least 1.5% of the purchase price from their own savings unless a VA loan is being used. After purchase, owners are encouraged to become as financially successful as possible!
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Laundromat • Bike Path
Geography
Listing Agent: Richard Hornblower
Listing Office: Coldwell Banker Realty - Boston
MLS® Number: 73565220
