About 142 Dorchester Street
is pleased to present 142 Dorchester Street, an 18-unit stabilized multifamily asset in South Boston offered at a 6+ cap rate on in-place income.The property operates as a studio apartment building and is delivered fully stabilized and turnkey. All 18 units have been updated with modern kitchens, baths, and flooring. Common areas are modern throughout. The building is fully sprinklered and includes an additional driveway with 4 tandem parking spaces. Each unit is equipped with its own kitchen and bathroom (not shared), individual thermostat control for heat and AC — master HVAC is owner-paid. On-site laundry provides ancillary income.142 Dorchester Street represents one of the few opportunities to acquire scale in South Boston's supply-constrained multifamily market at a sub-$265,000 per-unit basis with no capital requirements to close!
Features of 142 Dorchester Street
| MLS® # | 73531446 |
|---|---|
| Price | $4,550,000 |
| Bedrooms | 18 |
| Bathrooms | 18.00 |
| Full Baths | 18 |
| Square Footage | 4,908 |
| Acres | 0.11 |
| Year Built | 1899 |
| Type | Residential Income |
| Sub-Type | 5+ Family - Rooming House |
| Status | Active |
Community Information
| Address | 142 Dorchester Street |
|---|---|
| Area | South Boston |
| City | Boston |
| County | Suffolk |
| State | MA |
| Zip Code | 02127 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Is Waterfront | No |
| Waterfront | 1/10 to 3/10 To Beach |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 3 |
| Stories | 3 |
Exterior
| Lot Description | Corner Lot |
|---|---|
| Foundation | Other |
Additional Information
| Zoning | A |
|---|
Listing Details
| Agent | Gpg Team |
|---|---|
| Office | Grove Property Group |