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16 Temple Street Boston — Photo 1 of 3

16 Temple Street Boston — Photo 1 of 3

$2,849,000

Investment Analysis — 16 Temple Street

Boston, MA 02114 — Beacon Hill

Based on rent reported on the MLS listing, a 4-unit multi-family in 02114 carries $14,839/mo in gross rent — about a 4.06% cap rate and $115,723/yr in estimated NOI at the $2,849,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

6

Baths

4

SqFt

3,346

Style

4 Family - 4 Units Up/Down

Built

1899

This offering presents a rare opportunity to acquire a fully renovated four-unit residential building at a corner location on Cambridge Street in Boston's Beacon Hill neighborhood. The property has undergone a complete renovation and includes a fire sprinkler system, so it requires little to no near-term capital investment and suits investors seeking a stabilized, turnkey asset or is a great opportunity for an end-user. The property also features HVAC units in all units along with Washer/Dryers. The building sits directly across from Massachusetts General Hospital, one of the region's largest employers, and is a short walk to both the Red Line (Charles/MGH) and Green Line (Government Center) MBTA stations, giving residents easy access to downtown, Cambridge, and the greater Boston area. A deep employer base nearby, including MGH, the State House, Government Center, and the Financial District, supports consistent rental demand, and residents also have the shops, restaurants, and amenities of Charles Street and the West End/North End close by. With its prime location, modern systems, and minimal capital needs, this property is a turnkey multifamily investment in one of Boston's most desirable and supply-constrained submarkets.

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

Original Price$2,849,000
Annual Taxes$19,609

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms18
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionSee Remarks
RoofOther
FoundationOther
ZoningL-2-65

Property & Lot

Acres0.03
SqFt Lot1,320
Lot FeaturesOther

Geography

Listing Provided By

Listing Agent: Kevin Benzinger

Listing Office: Boston Realty Advisors

MLS® Number: 73586458