About 775 Tremont Street
Stabilized South End multifamily asset offering in-place income and defined upside. 775 Tremont Street comprises five fully leased two-bedroom residences generating $15,651 per month and $187,812 in current annual residential rent, with leases extending through 2027. Renovated in 2021, the units feature modern kitchens with dishwashers, hardwood floors and in-unit laundry. Recent building improvements include an updated Navien heating and hot-water system (2023). Rear decks, two roof decks and two off-street parking spaces further distinguish the property. The parking spaces are not presently rented, creating an immediate opportunity for additional income. Based on market-rent and parking assumptions, the seller’s pro forma projects $249,000 in annual gross income and a 5.80% cap rate. Well suited to a long-term hold or 1031 exchange buyer seeking a stabilized Boston asset, the property also offers future value-add and repositioning potential. Its location near major universities, medical centers, Back Bay, the Prudential Center, MBTA service and Tremont Street dining supports enduring rental demand, complemented by a 97 Walk Score, 96 Transit Score and 97 Bike Score.
Features of 775 Tremont Street
| MLS® # | 73580647 |
|---|---|
| Price | $2,999,999 |
| Bedrooms | 10 |
| Bathrooms | 8.00 |
| Full Baths | 6 |
| Half Baths | 4 |
| Square Footage | 3,800 |
| Acres | 0.04 |
| Year Built | 1899 |
| Type | Residential Income |
| Sub-Type | 5+ Family - 5+ Units Up/Down |
| Status | Active |
Community Information
| Address | 775 Tremont Street |
|---|---|
| Area | South End |
| City | Boston |
| County | Suffolk |
| State | MA |
| Zip Code | 02118 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Parking | Off Street, Deeded |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | Yes |
|---|---|
| # of Stories | 7 |
| Stories | 7 |
Additional Information
| Zoning | R4 |
|---|
Listing Details
| Agent | Donahue + Greene Group |
|---|---|
| Office | Compass |