Back to Search
Active
6 Days on market
29 Wellington Street Boston — Photo 1 of 8

29 Wellington Street Boston — Photo 1 of 8

$15,500,000

Investment Analysis — 29 Wellington Street

Boston, MA 02118 — South End

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 20-unit multi-family in 02118 carries an estimated $63,000/mo in gross rent — about a 3.02% cap rate and $468,205/yr in estimated NOI at the $15,500,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

58

Baths

20

SqFt

18,475

Style

5+ Family - 5+ Units Up/Down

Built

1899

A True Generational Property — Welcome to 29 Wellington Street! Offered for the first time in decades, this gorgeous 20-unit classic red brick building sits nestled in Boston’s coveted South End neighborhood. On a corner lot adjacent to the Southwest Corridor, this property has all the quintessential Boston feels — city views, tree-lined street, and easy access to public transit. Building features 58 bedrooms and 20 bathrooms. Currently 95% occupied with strong monthly cash flow. Transit Score: 100/100. Reach out for operating financials and additional information.

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 MLS and other third-party data may be inaccurate or out of date.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$15,500,000
Annual Taxes$106,355

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms99
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
RoofRubber
FoundationStone
ZoningRES

Property & Lot

Acres0.14
SqFt Lot5,923
Lot FeaturesCorner Lot, Level

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility

Geography

Listing Provided By

Listing Agent: Adam Smith

Listing Office: Coldwell Banker Realty - Boston

MLS® Number: 73584019