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194-198 Bunker Hill St Boston — Photo 1 of 1

194-198 Bunker Hill St Boston — Photo 1 of 1

$4,490,000

Investment Analysis — 194-198 Bunker Hill St

Boston, MA 02129

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 7-unit multi-family in 02129 carries an estimated $23,660/mo in gross rent — about a 3.61% cap rate and $161,899/yr in estimated NOI at the $4,490,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

10

Baths

10

SqFt

6,400

Style

5-9 Family

Built

2015

Presenting the opportunity to acquire a premier Charlestown mixed-use asset located at 89 Green Street and 194-198 Bunker Hill Street. This offering delivers a rare combination of stable, fully occupied tenancy with approvals for additional development in one of Greater Boston’s most desirable and supply-constrained neighborhoods. 89 Green Street is comprised of three residential units. 194 Bunker Hill Street consist of 2 residential units and the Bunker Hill laundromat. In addition, 198 Bunker Hill, currently a dated, single-story vacant building, is fully approved for a new, four-unit development consisting of 2-bed/bath apartments or for-sale condominiums. Floor plans and Matterports available upon request.

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 MLS and other third-party data may be inaccurate or out of date.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$4,490,000
Annual Taxes--

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms34
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationGranite
Zoning0

Property & Lot

Acres0.04
SqFt Lot1,694
Lot FeaturesCorner Lot

Geography

Listing Provided By

Listing Agent: Nicholas Herz

Listing Office: Boston Realty Advisors

MLS® Number: 73497042