Active
3 Days on market
99 + 101 W. Springfield St Boston — Photo 1 of 32

99 + 101 W. Springfield St Boston — Photo 1 of 32

$5,950,000

Investment Analysis — 99 + 101 W. Springfield St

Boston, MA 02118 — South End

Based on rent reported on the MLS listing, a 8-unit multi-family in 02118 carries $23,375/mo in gross rent — about a 3.14% cap rate and $186,733/yr in estimated NOI at the $5,950,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

10

Baths

10

SqFt

7,250

Style

5-9 Family

Built

1899

Excellent South End investment opportunity. 99–101 West Springfield Street offers the rare opportunity to acquire two side-by-side, well-maintained multifamily buildings in a prime location between Washington Street and Shawmut Avenue. The two properties total 7,250 square feet (as architect measured) and comprise eight residential units: two 2-bedroom duplexes and six 1-bedroom floor-through units. Each building is individually zoned for 4–6 units and features hardwood floors, exposed brick, rear terraces, and common laundry. Situated in one of Boston’s strongest rental markets and in close proximity to hospitals and colleges/universities, the property benefits from a deep and reliable tenant base and consistent rental demand. The buildings have undergone numerous updates and are currently fully leased, providing immediate income with a strong leasing history. With units that have consistently rented quickly, the offering presents a turnkey investment with additional value-add potential to increase operating income over time. Seller may consider selling the buildings individually.

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 MLS and other third-party data may be inaccurate or out of date.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$5,950,000
Annual Taxes$26,446.8

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms28
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
Roof--
FoundationStone, Brick/Mortar, Granite
ZoningRES

Property & Lot

Acres0.04
SqFt Lot1,926
Lot FeaturesOther

Geography

Listing Provided By

Listing Agent: Hanneman + Gonzales

Listing Office: Compass

MLS® Number: 73576603