529 Beacon St Boston MA 02115 MLS #73356963

529 Beacon St
Boston, MA, 02115
$10,000,000
23 Beds
23 Baths
13,246 SqFt
0.09 Acres
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529 Beacon consists of a four-story brick building with 23 residential units comprised of 9 Studio units and 14 1-Bedroom/1-Bathroom units. Tenants of the property are responsible for their own heat (electric) while the landlord is responsible for common area electric, gas-fired hot water and domestic water and sewer. The Property also offers 4 parking spaces and an on site laundry facility. 529 Beacon, which is fully sprinklered, features recent capital improvements including a new roof (2024), renovated common areas and various cosmetic improvements to the units’ interiors. 529 Beacon offers the opportunity to acquire a trophy asset in a highly desirable urban-infill location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. In place rents are below market rates, providing significant potential for upside by achieving market rents through programmatic upgrades.

Property Details

Price:
$10,000,000
MLS #:
73356963
Status:
Active
Beds:
23
Baths:
23
Address:
529 Beacon St
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
Neighborhood:
Back Bay
City:
Boston
Listed Date:
Apr 9, 2025
State:
MA
Finished Sq Ft:
13,246
Total Sq Ft:
13,246
ZIP:
02115
Lot Size:
3,920 sqft / 0.09 acres (approx)
Year Built:
1899
Units:
23
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Schools

Interior

Bathrooms
23 Full Bathrooms

Exterior

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/ Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T- Station, University
Parking Features
Off Street, Leased
Parking Spots
4
Roof
Rubber

Financial

Net Operating Income
$548,923
Tax Year
25
Taxes
$51,616

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Community

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