Investment Analysis — 33 Third Avenue

Boston, MA 02129

Based on rent reported on the MLS listing plus HUD Small Area Fair Market Rent for the units it does not cover, a 47-unit multi-family in 02129 carries an estimated $172,098/mo in gross rent — about a 7.13% cap rate and $1,569,435/yr in estimated NOI at the $22,000,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

35,268

Style

5+ Family - 5+ Units Up/Down

Built

1900

Presenting Navy Yard 33 in Charlestown, Massachusetts. This 47-unit, loft-style apartment building is ideally located along Charlestown’s waterfront. Built at the turn of the 20th century, the building has since been masterfully renovated and modernized while still maintaining many of the building’s original features. The building is comprised of forty–seven (47) units, offering residents a variety of one- and two-bedroom floor plans from which to choose. The building was constructed in 1900 and renovated in 2008. The unit mix includes 18 (38%) junior one-bedroom apartments, 13 (28%) one-bedroom flats, 1 (2%) one-bedroom duplex apartment, 6 (13%) two-bedroom apartments and 9 (19%) two-bedroom duplex apartments. While the property has been exceptionally well maintained, there is significant potential for selective upgrades such as improved bathroom and kitchen lighting, smart thermostats, and modern fixtures.

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 MLS and other third-party data may be inaccurate or out of date.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.