820-824 Huntington Ave new Save Request In-Person Tour Request Virtual Tour
Boston,MA 02115
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,740 sqft
Price per Sqft $695
MLS Listing ID 73413518
Year Built 1920
Annual Tax Amount $18,348
Tax Year 2025
Lot Size 1,742 Sqft
Property Description
Prime Mission Hill mixed-use investment, corner lot steps to the Longwood Medical Area (LMA) & universities. This fully stabilized 6-unit asset generates $186,694 in Net Operating Income, offered at a compelling 5.67% CAP RATE. The commercial income is de-risked by two long-term leases with contractual rent escalations. The anchor market tenant's lease is extended to 2031 and includes a tax-stop clause, protecting ownership from future expense growth. Significant upside exists via strategic residential renovations to attract high-income LMA professionals from the new lab facility next door. Future potential to add a premium roof deck with skyline views (full stair/headhouse access in place). A proven cash-flow performer in an A+ transit-oriented location. Full Offering Memorandum available upon request. Do not disturb tenants. Showings by appointment only.
Location
State MA
County Suffolk
Area Mission Hill
Zoning NS
Exterior
Utilities Available Public Water,Public Sewer,Natural Gas Available