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246 West Broadway Boston — Photo 1 of 8

246 West Broadway Boston — Photo 1 of 8

Recent Drop: $101,000

$8,000,000
$7,899,000

$7,899,000

Investment Analysis — 246 West Broadway

Boston, MA 02127

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 9-unit multi-family in 02127 carries an estimated $40,860/mo in gross rent — about a 3.82% cap rate and $301,627/yr in estimated NOI at the $7,899,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

24

Baths

23

SqFt

13,650

Style

5+ Family - 5+ Units Up/Down

Built

2017

246 West Broadway is a best-in-class mixed use asset (8 apartments & 1 retail suite) strategically located in one of the top performing rental markets in Massachusetts. Built in 2017 with condo quality finishes, the property has maintained 100% occupancy since delivery, demonstrating strong market tenant demand. The Property features large unit sizes averaging 1,450+ SF with contemporary design elements, premium finishes that command top-tier rents, and fully leased ground floor retail space.

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 MLS and other third-party data may be inaccurate or out of date.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$8,000,000
Annual Taxes$71,016

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms198
Fireplaces18
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
FoundationConcrete Perimeter
ZoningMFR/LS

Property & Lot

Acres0.09
SqFt Lot4,080
Lot FeaturesOther

Geography

Property History

Price Drop
$7,899,000

Was $8,000,000

Jul 6, 2026

MLS® 73531600

Listed
$8,000,000

Jun 8, 2026

MLS® 73531600

Listing Provided By

Listing Agent: John Flaherty

Listing Office: Jones Lang LaSalle

MLS® Number: 73531600